You are viewing this page as an international student.
Change to Domestic

You are a domestic student if you are an Australian citizen, a New Zealand citizen or the holder of an Australian permanent visa.

You are an international student whether you are within or outside Australia and you do not meet the domestic student criteria.

Coronavirus (COVID-19): advice and support for the Bond community. Read more

EXEC70-046: Mergers and Takeovers May 2020 [Intensive - Week TBC - Mergers and Takeovers]

General information

This subject provides an introduction to mergers and takeovers focussing on how in practice corporations (a) strategise their financial management of companies by assessing their financial position (b) evaluate shareholder value through a number of finance tools used by real corporations and specialists around the world. The finance tools are specific to mergers and takeovers. The skills in valuation analysis acquired in basic finance subjects will be enhanced by the development of several restructuring and takeover models. Participants will learn via an in-depth group project where several models are applied to an actual takeover.

Details

Academic unit:Bond Business School
Subject code:EXEC70-046
Subject title:Mergers and Takeovers
Subject level:Postgraduate
Semester/Year:May 2020
Credit points:5

Delivery & attendance

Timetable: https://bond.edu.au/timetable
Delivery mode:

Intensive

Workload items:
  • Seminar: x7 (Total hours: 14) - Intensive seminar format
  • Personal Study Hours: x3 (Total hours: 46) - Recommended study time & reviewing materials
Attendance and learning activities: This is an experiential learning subject. It is through your preparation for and participation in the case discussions, simulation and negotiation sessions that you learn best. The contribution assessment component is designed to encourage this.

Resources

Prescribed resources:
  • Southam/ Ivey Publishing (2018). Mergers and Takeovers Case Pack. [Case Pack]
[email protected] & Email:[email protected] is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.

To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au

Enrolment requirements

Requisites: ?

Nil

Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.

Assumed Prior Learning (or equivalent):

Restrictions: ? This subject is not available to
  • Study Abroad Students

Must be admitted into an EMBA Program

Assurance of learning

Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.

At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.

Program Learning Outcomes (PLOs)

Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.

Find your program

Subject Learning Outcomes (SLOs)

On successful completion of this subject the learner will be able to:
  1. Demonstrate a broad understanding of this specialized finance area of mergers and takeovers.
  2. Demonstrate competency in the computing and finance knowledge needed to understand how takeovers are organized and how specialized valuation is done as well as being able to model the process by themselves.

Assessment

Assessment details

None

Assessment criteria

High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking.
Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas.
Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above.
Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment.
Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.

Quality assurance

For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.

Study information

Submission procedures

Students must check the [email protected] subject site for detailed assessment information and submission procedures.

Policy on late submission and extensions

In fairness to your classmates, case reports cannot be accepted after the class discussion of that case. With instructor permission, an alternative assignment will be provided in situations where the deadline cannot be met.

Policy on plagiarism

University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.

Bond University utilises Originality Reporting software to inform academic integrity.

Feedback on assessment

Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.

Disability support

If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.

Additional subject information

As part of the requirements for Business School quality accreditation, the Bond Business School employs an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.

Subject curriculum

Understand how the market for mergers and takeovers has evolved in contemporary time as a major financial and business activity aimed at promoting efficiency of corporate management through competition in takeover activities.

1.

Overview of tools used to assess the fair value of the target and the acquiring firms. Introduction to the art and science of financial valuation and the development of valuation models using several methods in order to provide a reasonable valuation range.

2.

Examines theory and techniques for assessing the potential financial benefit achieved through the combining of companies. Explores driving forces behind mergers to identify sources that may result in the performance of two combined companies being greater than the sum of the separate individual parts.

2.

The integrated models are developed in a workshop setting and applied to case studies, a real-time online simulation and a final merger negotiation session. Explores practical issues in mergers and takeovers and the hurdles associated with post-merger integration strategy.

2.
Approved on: Aug 20, 2020. Edition: 1.4