Professor Droussiotis's Web Platform
Seton Hall - Mergers & Acquisitions
Course Outline - Lectures , Assignments and Exams
Syllabus
Syllabus Fall 2022
Professor's Inbox(upload info for Professor)
Dropbox Link
Processor's Email
droussch@shu.edu
Microsoft Team call
TEAMS LINK M&A BFIN4241AA (Sign-in)
IN-PERSONThursday 9:00-10:30amSend an email to make an appointmentJUBILEE HALL ROOM #691
IN-PERSON
Thursday 9:00-10:30am
Send an email to make an appointment
JUBILEE HALL ROOM #691
REMOTETue - Thu 9am-5pmuse the link below to make an appointment:
REMOTE
Tue - Thu 9am-5pm
use the link below to make an appointment:
Make an Appointment Link
Professor's Biography
Tue & Thu11.00 - 12.15pmFH 236
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 13Recording - Exam Review
Oct 18
Oct 20Recording - 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 13Dec 15
Dec 19 (Mon)12:20-2:20Pm
REQUIRED TEXTBOOK
Chapter 1
Chapter 2
Chapter 3
Chapters 4-5
Chapter 7-9
NO CLASS
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Chapter 10
Chapter 13
Chapter 18
RE ADING DAY
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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
ZOOM RECORDING MIDTERM EXAM II (WRITTEN IN CLASS)
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 REVIEWandFINAL 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
HOMEWORK #1 (GROUP)
PRESENT TARGET SWOT ANALYSIS
Peloton Yahoo Finance Link
HOMEWORK #2 (GROUP)STANDALONE PROJECTION ANALYSIS
HOMEWORK #2 (GROUP)
STANDALONE PROJECTION ANALYSIS
Yahoo Financial Statement
HOMEWORK #3 (GROUP)VALUATION METHODS AND STANDALONE DEAL STRUCTURE
HOMEWORK #3 (GROUP)
VALUATION METHODS AND STANDALONE DEAL STRUCTURE
Peloton Financial Statements from Yahoo Finance
HOMEWORK #4 (GROUP)COMBINED ACCRETION
HOMEWORK #4 (GROUP)
COMBINED ACCRETION
HOMEWORK #5 (GROUP)COMBINED / STANDALONE SYNERGIES
HOMEWORK #5 (GROUP)
COMBINED / STANDALONE SYNERGIES
Case Studies
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: Facebook Acquiring WhatsApp Q&D Approach
CASE STUDY #1: Cross-Border Acqusition
Peloton Financial Information from Yahoo
CASE STUDY #3: Hyatt Financial Analysis and Valuation
CASE STUDY #4: Cedar Fair as a target to SeaWorld
CASE STUDY #5: Hotel Expo
CASE STUDY #5 Hotel Expo - Template with Answers
CASE STUDY #6: Alexandria Hotel LBO
Case Study #6: Alexandria Hotel Template
CASE STUDY #7: Public to Private LBO
CASE STUDY #7: Public to Private LBO Case Study Template
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
Testing the Twitter Acquisition
Buyout Press Release on Reuters
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
Final Project Description
Public to Private LBO Case Study Template
OPTIONAL TEXTBOOKS
Link to purchase book (BFIN 4241)
Link to purchase book (BFIN 7225)
Link to purchase book
Chapters 5, 6 17
Chapter 17
Chapter 11
Chapter 11 - LBO - written by Professor Droussiotis
Chapter 9
