Rhedir gan Bangor Business School

15.000 Credyd neu 7.500 Credyd ECTS

Semester 2

Trefnydd: Prof Yener Altunbas

To introduce the theoretical and institutional aspects of M&A. To provide a theoretical basis for an empirical analysis of governance issues concerned with M&A incentives and outcomes, and the reciprocal relation between M&A incentives and its constituencies. To analyse the typology of M&A, the development and execution of an acquisition strategy, the valuation of the target, the conduct of the negotiation, and the implementation of the post-merger integration plan.

Theory of the firm: "Build vs Buy"; Current issues in the M&A landscape; Motives for M&A; How do mergers work? When do mergers work? Winners and losers; Valuation in the context of an acquisition; Criteria for value-adding acquisitions; Cross-border vs domestic acquisitions. Advisers in Mergers.

da

Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.

High Standard:
Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.

ardderchog

An outstanding performance, exceptionally able. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.

trothwy

No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.

1. Understand the theoretical, regulatory and institutional framework of M&A.

2. Understand current empirical research in the field of M&A valuation.

3. Undertake active research in the M&A field by applying a variety of methodologies and adjusting for a number of factors that affect synergies and performance.

4. Understand financial modelling related to M&A.

5. Understand and evaluate critically the important economic activity of M&A.

6. Understand the implications of cross-border restructuring strategies.

Math	Enw	Disgrifiad	Pwysau
TRAETHAWD	Essay	2,500 word essay analysing a contemporary issue in M&A market.	50.00
ARHOLIAD	Final Examination	2-hour end-of-semester exam, covering the full breadth of the module syllabus.	50.00

		Oriau
Lecture	Lecture - 24 hours.	24
	Self study - 114 hours	114
Tutorial	Tutorial - 12 hours	12

• Llythrennedd - Medrusrwydd mewn darllen ac ysgrifennu drwy amrywiaeth o gyfryngau
• Rhifedd - Medrusrwydd wrth ddefnyddio rhifau ar lefelau priodol o gywirdeb
• Defnyddio cyfrifiaduron - Medrusrwydd wrth ddefnyddio ystod o feddalwedd cyfrifiadurol
• Hunanreolaeth - Gallu gweithio mewn ffordd effeithlon, prydlon a threfnus. Gallu edrych ar ganlyniadau tasgau a digwyddiadau, a barnu lefelau o ansawdd a phwysigrwydd
• Archwilio - Gallu ymchwilio ac ystyried dewisiadau eraill
• Adalw gwybodaeth - Gallu mynd at wahanol ac amrywiol ffynonellau gwybodaeth
• Sgiliau Rhyngbersonol - Gallu gofyn cwestiynau, gwrando'n astud ar atebion a'u harchwilio
• Dadansoddi Beirniadol & Datrys Problem - Gallu dadelfennu a dadansoddi problemau neu sefyllfaoedd cymhleth. Gallu canfod atebion i broblemau drwy ddadansoddiadau ac archwilio posibiliadau
• Ymwybyddiaeth o ddiogelwch - Bod yn ymwybodol o'ch amgylchedd a hyder o ran cadw at reoliadau iechyd a diogelwch
• Cyflwyniad - Gallu cyflwyno gwybodaeth ac esboniadau yn glir i gynulleidfa. Trwy gyfryngau ysgrifenedig neu ar lafar yn glir a hyderus.
• Gwaith Tîm - Gallu cydweithio'n adeiladol ag eraill ar dasg gyffredin, ac/neu fod yn rhan o dîm gweithio o ddydd i ddydd
• Mentora - Gallu cefnogi, helpu, arwain, ysbrydoli ac/neu hyfforddi eraill
• Gofalu - Dangos consyrn am eraill; gofalu am blant, pobl ag anableddau ac/neu'r henoed
• Rheloaeth - Gallu defnyddio, cydlynu a rheoli adnoddau (dynol, ffisegol ac/neu ariannol)
• Dadl - Gallu cyflwyno, trafod a chyfiawnhau barn neu lwybr gweithredu, naill ai gydag unigolyn neu mewn grwˆp ehangach
• Hunanymwybyddiaeth & Ystyried - Bod yn ymwybodol o'ch cryfderau, gwendidau, nodau ac amcanion eich hun. Gallu adolygu ,cloriannu a myfyrio'n rheolaidd ar eich perfformiad eich hun ac eraill.
• Arweinyddiaeth - Gallu arwain a rheoli, datblygu cynlluniau gweithredu ac amcanion, cynnig arweiniad a chyfarwyddyd i eraill, ac ymdopi â'r pwysau sy'n gysylltiedig ag awdurdod o'r fath

Gorfodol mewn cyrsiau:

• N3AD: MBA Banking and Finance year 1 (MBA/BIF)
• N3DG: MBA Banking and Finance (with Incorporated Pre-Masters) year 1 (MBA/BIF1)
• N3CN: MBA Finance (10 month) year 1 (MBA/FIN10)

Opsiynol mewn cyrsiau:

• N3BV: MBA Finance year 1 (MBA/FIN)
• N3DH: MBA Finance (with Incorporated Pre-Masters) year 1 (MBA/FIN1)
• N3BM: MBA Islamic Banking and Finance year 1 (MBA/IB)
• N3DK: MBA Islamic Banking & Finance (with incorp pre-Masters) year 1 (MBA/IB1)
• N3AX: MSc Banking and Finance year 1 (MSC/BANKFIN)
• N3CK: MSc Banking & Finance (Chartered Banker) year 1 (MSC/BFCB)
• N3CW: MSc Bank & Fin (Chartered Banking) (with Incorp Pre-Masters) year 1 (MSC/BFCB1)
• N3CS: MSc Banking and Finance (with Incorporated Pre-Masters) year 1 (MSC/BKFIN1)
• N2AY: MSc Management and Finance (with Incorporated Pre-Masters) year 1 (MSC/MANF1)
• N2AO: MSc Management and Finance year 1 (MSC/MANFIN)