The module aims at providing theoretical and applied insights into the field of corporate mergers and acquisitions from an international perspective. Across the globe, mergers and acquisitions are reshaping the corporate and competitive landscape. Despite decades of practice and research, many mergers and acquisitions (M&A) findings remain questioned and inconclusive. The module aims at presenting the strategic and financial logic of these transactions.
During the module students will learn about types of mergers, merger consideration, merger strategy, reasons for M&A, merger waves and the impact of digitalisation on M&A. A special focus will be placed on the discussion of different types of synergies, benchmarks of value, valuation techniques such as the Discounted Cash Flow method and methods of comparables, anti-takeover defences, takeover options (bear hug, tender offer, proxy-fight) and leveraged buyouts (risks, sources of gains, financing). The students will get familiar with the role of arbitrageurs, hedge funds and private equity funds in M&A deals. A special session will be dedicated to academic evidence on Mergers and Acquisitions which will aim to provide answers to the question: What leads to success or failure in M&A transactions?
The objective is that the student after the module possesses the necessary knowledge on:
The objective is that the student after the module possesses the necessary skills in:
The objective is that the student after the module possesses the necessary competences in:
For information see § 17.
|Name of exam||Mergers and Acquisitions|
|Type of exam|
Written or oral examIndividual examination.
|Assessment||7-point grading scale|
|Type of grading||Internal examination|
|Criteria of assessment||The criteria of assessment are stated in the Examination Policies and Procedures|
|Danish title||Virksomhedsfusioner og virksomhedsovertagelser|
|Language of instruction||English|
|Location of the lecture||Campus Aalborg|
|Responsible for the module|
|Study Board||Study Board of Economics and Business Administration|
|Department||Aalborg University Business School|
|Faculty||Faculty of Social Sciences and Humanities|