Professor Droussiotis's Web Platform

Seton Hall - Mergers & Acquisitions

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---- FALL 2022 COURSES ---
Baruch FIN 9783
Columbia University Intro to Finance
Fordham FNBU 3446 Derivatives
SHU BFIN 4241 Merg.& Acquis.
SHU ECO 2408 Money and Banking
SHU BFIN 4234 & 7331 Derivatives
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-----PROFESSOR's INFO-----
PROFESSOR'S TEXT BOOKS
LECTURE VIDEOS
DROU ACCADEMY via Mindswaps Link
DrouMarkets.com Sim Game
Biography
Published Books/Articles
Rate your Professor
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-----OTHER CLASS INFO--------
Baruch Exec. MS FIN 9793
Baruch FIN 3710
Baruch FIN 4710
Baruch CAPS Cap Markets
Baruch CAPS - Corp. Fin. & Val.
Baruch CAPS Debt Markets
Baruch CAPS Equity Markets
Baruch CAPS - International Accountancy
Baruch CAPS International Finance
Baruch CAPS - Intro to Derivatives
Baruch CAPS - Investment Banking
Baruch Lecture Series - Banking and Finance
Baruch Lecture Series - Valuation of Intangible Assets
Baruch Lecture Series - Mergers and Acquisitions
Baruch Summer Leadership Academy - Lecture Series
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City Unity College Statements & Budgeting
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Fordham Credit & Banking
Fordham FNBU 3221
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SHU BFIN 2201
SHU BFIN 3211 Financial Strategy
SHU BFIN 4250 Fixed Income
SHU BFIN 7215 Money & Cap Markets
SHU - BFIN 7236 Corporate Finance

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Course Outline -  Lectures , Assignments and Exams

         

Syllabus

Syllabus Fall 2022

Professor's Inbox
(upload info for Professor)

Dropbox Link

Processor's Email

     

Microsoft Team call

TEAMS LINK M&A BFIN4241AA (Sign-in)

IN-PERSON

Thursday 9:00-10:30am

Send an email to make an appointment

JUBILEE HALL ROOM #691 

REMOTE

Tue - Thu 9am-5pm

use the link below to make an appointment:

Make an Appointment Link

Professor's Biography

Professor's Biography

Tue & Thu
11.00 - 12.15pm
FH 236

Aug 30

Sep 1

Sep 6

Sep 8

Sep 13

Sep 15

Sep 20

Sep22

Sep 27

Sep 29

Oct 4

Oct 6

Oct 11

Oct 13
Recording - Exam Review

Oct 18

Oct 20
Recording - Exam Review

Oct 25

Oct 27

Nov 1

Nov 3

Nov 8

Nov 10

Nov 15

Nov 17

Nov 22

Nov 24

Nov 29

Dec 1

Dec 6

Dec 8

Dec 13
Dec 15

Dec 19 (Mon)
12:20-2:20Pm

REQUIRED TEXTBOOK

Image result for mergers acquisitions and other restructuring 10th edition

Chapter  1

Chapter 2 

Chapter 3 

Chapters 4-5

Chapter 7-9

 

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O

 

C

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C

L

A

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Chapter 10 

Chapter 13 

Chapter 18 

 

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R

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 A

D

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D

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Assigned Lectures

Lecture #1: Introduction to M&A

Lecture 1: Intro to M&A

Lecture #2: Regulatory Environment

Lecture 2: Regulatory Environment

Lecture #3: The Corporate Takeover Market

Lecture 3 - Takeover Markets

Lecture #4: Acquisiton Process

Lecture 4- Acquisition Planning

Lecture #5: Valuation Methods

Lecture 5 - Corporate Valuations

Lecture #6: Projections amd Basic Financial Modeling

Lecture 6 - Projections

EXAM REVIEW

ZOOM RECORDING - MIDTERM EXAM I

Midterm Exam Review

 

EXAM REVIEW

ZOOM RECORDING MIDTERM EXAM II (WRITTEN IN CLASS)

Midterm Exam Review

     

Lecture #7: Valuation of Private Companies

Lecture 7 - Corporate Valuations

Lecture #8: Debt Raising and Leveraged Buyouts (LBO)

Lecture 8 -Leveraged Buyouts

Lecture #9: Transaction Analysis - Case Studies

     

EXAM REVIEW
and
FINAL PROJECT DISCUSSION

   

EXAMS

   

MidTerm Exam I
(On-line)

 

MidTerm Exam II
(On-Line)

     

Final Exam

Final Exam Review

Homework Assignments

                 

HOMEWORK #1 (GROUP)

PRESENT TARGET SWOT ANALYSIS

 

Peloton Yahoo Finance Link

 

HOMEWORK #2 (GROUP)

STANDALONE PROJECTION ANALYSIS

 

Yahoo Financial Statement

Peloton Yahoo Finance Link

                   

HOMEWORK #3 (GROUP)

VALUATION METHODS AND STANDALONE DEAL STRUCTURE 

 

Peloton Financial Statements from Yahoo Finance

Peloton Yahoo Finance Link

     

HOMEWORK #4 (GROUP)

COMBINED ACCRETION/ STANDALONE SYNERGIES 

 

M&A Final Group Project Description

Peloton Yahoo Finance Link

 

Case Studies

   

CASE STUDY 1

CASE STUDY ONE: Acquisition of Spirit Airlines

SEC Filing Links for Spirit Airlines

Form 14A Filing of Spirit JetBlue Merger

Form S-4 Filing by Frontier to merge with Sprint

Schedule TO Filing by JetBlue to acquire Sprint Airlines

 

CASE STUDY 2

CASE STUDY #2: Facebook Acquiring WhatsApp Q&D Approach

CASE STUDY #1: Cross-Border Acqusition

GROUP CASE STUDY

Peloton Financial Information from Yahoo

   

CASE STUDY 3

CASE STUDY #3: Hyatt Financial Analysis and Valuation

CASE STUDY 4

CASE STUDY #4: Cedar Fair as a target to SeaWorld

           

CASE STUDY 5

CASE STUDY #5: Hotel Expo

CASE STUDY #5: Hotel Expo

CASE STUDY #5 Hotel Expo - Template with Answers

CASE STUDY 6

CASE STUDY #6: Alexandria Hotel LBO

Case Study #6: Alexandria Hotel Template

CASE STUDY 7

CASE STUDY #7: Public to Private LBO

CASE STUDY #7: Public to Private LBO Case Study Template

CASE STUDY 8

CASE STUDY #8: Colorado Dental - Proforma Balance Sheet

CASE STUDY #8: Colorado Dental - Transaction S&U, WACC and Debt Capacity

CASE STUDY #8: Colorado Dental: Debt Schedules - Floating and Fixed Rates

LIVE CASE STUDY

Testing the Twitter Acquisition

Buyout Press Release on Reuters

 

CASE STUDY 9

CASE STUDY #9 Proud Steel and Dynamic Steel

CASE #9: Merger_Analysis

     

Reading Material

       

CVS nabs home healthcare company Signify for $8 billion following bidding war

Value-based care central to strategy in $8B Signify deal, CVS says

CASE STUDY - Article 1: Peloton Amazon Partnership Agreement

JetBlue Q2 Earnings and Outlook

   

Yahoo Finance - Cedar Fair

Cedar Fair Bid for Cedar Fair

SeaWorld bidding for Cedar Fair Rejected

SeaWorld sweetened takeover offer for Cedar Fair

SeaWorld, Cedar Fair Slide as Theme-Park Merger Plan Crumbles

                                 

Final Project

                                                 

Individual Final Project due 12/15 (Upoad on Dropbox) 

Final Project Description

Public to Private LBO Case Study Template

 

OPTIONAL TEXTBOOKS

textbookfirsteditionV2.jpeg.jpg

Link to purchase book (BFIN 4241)

Link to purchase book (BFIN 7225)

11188cover.jpg

Link to purchase book

                 

Chapters 5, 6 17

           

Chapter 17 

Chapter 11 

Chapter 11 - LBO - written by Professor Droussiotis

   

Chapter 9 

             
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