The Art of Capital Restructuring: Creating Shareholder Value through Mergers and Acquisitions

THE ART OF CAPITAL RESTRUCTURING

The Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals. As part of the Robert W. Kolb Series in Finance, The Art of Capital Restructuring contains comprehensive insights on both the art and science of this dynamic discipline.

Mergers, acquisitions, and corporate restructuring represent a fast-paced and highly complex environment in which transactions provide unique opportunities with considerable risk. It requires an evolving understanding of various issues, and this book considers many of them. Divided into six comprehensive parts—with each chapter containing a set of discussion questions to reinforce key concepts—The Art of Capital Restructuring offers essential insights that both financial veterans and aspiring professionals need to succeed.

Topics covered throughout this timely guide include:

• Merger waves, takeover regulation, and corporate governance

• Standard valuation methods and real options, as well as the adjustment needed for the implicit minority discount

• The M&A deal process, from sources of financing and means of payment to negotiation and integration

• The impact of restructuring on bondholders and behavioral effects in M&As

• Restructuring activities, including financial restructuring, going private, and leveraged buyouts

Skillfully blending theory with practice, this book will put you in a better position to make the most informed decisions with regard to capital restructuring in today's dynamic business world.