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EF4312 - Mergers and Acquisitions

Offering Academic Unit
Department of Economics and Finance
Credit Units
3
Course Duration
One Semester
Pre-requisite(s)
(CB3410 or FB3410) and EF4313
Course Offering Term*:
Semester A 2023/24, Semester B 2023/24

* The offering term is subject to change without prior notice
 
Course Aims

This course is designed to provide the tools necessary to understand and analyze corporate merger and acquisition (M&A) activities, restructuring, as well as corporate governance issues in the M&A context. Specifically, this course aims to:

  1. Introduce background knowledge and practical issues in mergers and acquisitions (M&A) and related transactions.
  2. Practice valuation techniques related to M&A and related transactions.
  3. Explore economic theories, and anecdotal and empirical evidence related to M&A and related transactions.
  4. Develop analytical frameworks capable of forming critical opinions about proposed M&A or related transactions, and historical M&A or related events.
  5. Provide necessary preparation for students to develop expertise on M&A or related transactions in a particular industry or business sector of interest.

Along the way students will further develop writing, analytical/computational, and database skills. An important part of the course is two group projects designed to develop students’ abilities and skills to discover and innovate. In the first project, students propose a merger involving two actual companies, one of which must be a company operating in Hong Kong or mainland China. In the second project, students analyze a recent merger or restructuring transaction involving a company in Hong Kong or China. These projects are designed to provide an opportunity for students to: a) apply all tools that they have learned in this course and b) learn the data available to investors for analyzing companies.


Assessment (Indicative only, please check the detailed course information)

Continuous Assessment: 60%
Examination: 40%
Examination Duration: 2 hours
Students are required to pass both coursework and examination components in order to pass the course.
 
Detailed Course Information

EF4312.pdf

Useful Links

Department of Economics and Finance