This course is part of the Mergers and Acquisitions Specialization

4.9
stars
60 ratings

Heitor Almeida

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Part of the Master of Business Administration (iMBA) degree
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Mergers and Acquisitions SpecializationUniversity of Illinois at Urbana-Champaign

About this Course

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This course teaches how to value and price M&A deals and to choose the optimal financing mix for an M&A deal. The course focuses on all the major types of M&A deals including strategic M&A, private equity leveraged buyouts (LBOs), and restructuring deals such as spinoffs and asset transfers.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

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Start instantly and learn at your own schedule.

Course 1 of 6 in the

Mergers and Acquisitions Specialization

Intermediate Level

Approx. 18 hours to complete

English

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 1 of 6 in the

Mergers and Acquisitions Specialization

Intermediate Level

Approx. 18 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.95/5 (25 Ratings)

Heitor Almeida

Professor of Finance, Stanley C. and Joan J. Golder Chair in Corporate Finance

Department of Finance, College of Business

68,930 Learners

5 Courses

Offered by

University of Illinois at Urbana-Champaign

Start working towards your Master's degree

This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

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Syllabus - What you will learn from this course

Week

Week 1

4 hours to complete

Course Orientation and Module 1: Overview of M&A Topics and Evidence

4 hours to complete

11 videos (Total 103 min), 6 readings, 5 quizzes

11 videos

Course Introduction6m

Meet Professor Almeida5m

Learn on Your Terms30s

Module 1 Objectives and Overview3m

Good Reasons to Engage in M&A Transactions13m

Bad Reasons to Engage in M&A Transactions10m

Private Equity LBOs and Other Restructuring Tools 16m

Friendly vs. Hostile Deals, and M&A Regulation17m

A Brief History of M&A12m

Does M&A Create Value?13m

Module 1 Review2m

6 readings

Syllabus10m

About the Discussion Forums10m

Learn More About Flexible Learning Paths10m

Updating Your Profile10m

Getting to Know Your Classmates10m

Module 1 Overview10m

5 practice exercises

Orientation Quiz30m

Lesson 1.2 Practice Quiz5m

Lesson 1.3 Practice Quiz5m

Lesson 1.4 Practice Quiz5m

Overview of M&A Topics and Evidence Quiz30m

Week

Week 2

4 hours to complete

Module 2: Company Valuation

4 hours to complete

12 videos (Total 150 min), 1 reading, 5 quizzes

12 videos

Module 2 Objectives and Overview5m

Forecasting Profits and Investments15m

Free Cash Flows18m

Using Returns to Measure Risk12m

The Capital Asset Pricing Model (CAPM)11m

The Weighted Average Cost of Capital (WACC)6m

Improving Your Estimate of the Expected Return on Debt14m

Improving Your Estimate of the Expected Return on Equity18m

Computing Enterprise Value and Stock Prices8m

Using Comparables for Valuation20m

Sensitivity Analysis15m

Module 2 Review2m

1 reading

Module 2 Overview10m

5 practice exercises

Lesson 2.2 Practice Quiz10m

Lesson 2.3 Practice Quiz10m

Lesson 2.4 Practice Quiz10m

Lesson 2.5 Practice Quiz10m

Company Valuation Quiz30m

Week

Week 3

2 hours to complete

Module 3: The Role of Target and Acquirer Valuation in M&A

2 hours to complete

7 videos (Total 69 min), 1 reading, 3 quizzes

Week

Week 4

7 hours to complete

Module 4: Synergies and Hostile Takeovers

This module starts with how to place a value on synergies using cash flow forecasts provided by management, and also using the stock market reaction to a new M&A deal. Next, you will also learn how to relate synergies to the premium paid for targets and how to calculate the NPV (net present value) of a deal. You will also learn the specifics of hostile takeover deals with a focus on governance, legal, and valuation issues.

7 hours to complete

11 videos (Total 162 min), 2 readings, 4 quizzes

11 videos

Module 4 Objectives and Overview7m

Synergy Valuation: Management Perspective14m

Synergy Valuation: The Market's View17m

The Chance of Deal Failure and Merger Arbitrage13m

Additional Examples: When Markets and Managers Disagree15m

Bidder Strategies14m

Target Strategies21m

Do Takeover Defenses Create or Destroy Value?11m

Examples of Hostile Deals21m

Module 4 Review3m

Honors Assignment Details and Sample Solution21m

2 readings

Module 4 Overview10m

Honors Assignment Information10m

3 practice exercises

Lesson 4.2 Practice Quiz10m

Lesson 4.3 Practice Quiz10m

Synergies and Hostile Takeovers Quiz30m

1 hour to complete

Course Conclusion

1 hour to complete

2 videos (Total 9 min), 2 readings

Reviews

4.9

13 reviews

5 stars
85.24%
4 stars
14.75%

TOP REVIEWS FROM FINANCE OF MERGERS AND ACQUISITIONS: VALUATION AND PRICING

by FWOct 21, 2022

Awesome. Complex concepts made so simple. God bless the professor.

by MMMar 19, 2022

A very systematic course with great examples and practice !

by GSMay 21, 2022

Professor Almeida makes topics easy to understand and it is a pleasure to learn from him.

Material, class, quizes, case studies and examples support well the learning.

View all reviews

About the Mergers and Acquisitions Specialization

In a post-pandemic world, companies across the globe are constantly looking to expand and grow their businesses. Mergers and Acquisitions (M&A) offers many ways to achieve this goal. Through this 6-course specialization in Mergers and Acquisitions, you will gain a well-rounded knowledge of key concepts that form the foundations of a successful M&A deal.

The courses in this specialization focus on types of M&A deals and complex organizational structures. Topics covered include: How to value and price M&A deals Understand financial modeling and capital structure Understand complex organizational structures through the lens of financial accounting Understand the foundational elements of financial statement and ratio analysis Examine practical applications of financial analysis and valuation techniques

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Finance of Mergers and Acquisitions: Valuation and Pricing

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