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課程名稱 |
企業合併與收購
Merger and Acquisition |
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開課學期 |
105-1 |
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授課對象 |
管理學院 財務金融學研究所 |
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授課教師 |
邱顯比 |
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課號 |
Fin5012 |
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課程識別碼 |
723 U3100 |
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班次 |
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學分 |
3 |
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全/半年 |
半年 |
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必/選修 |
選修 |
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上課時間 |
星期一A,B,C(18:25~21:05) |
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上課地點 |
管一B01 |
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備註 |
本課程中文授課,使用英文教科書。先修科目：財務管理。
限學士班四年級以上
總人數上限：67人
外系人數限制：27人 |
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Ceiba 課程網頁 |
http://ceiba.ntu.edu.tw/1051Fin5012_MA |
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課程簡介影片 |
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核心能力關聯 |
核心能力與課程規劃關聯圖 |
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課程大綱
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為確保您我的權利,請尊重智慧財產權及不得非法影印
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課程概述 |
Mergers and Acquisitions
National Taiwan University
Fall 2016
Professor: Shean-Bii Chiu
Office: Room 1007, Building Two, College of Management
Class Time: Monday 6:30pm – 9:15pm
Classroom: 管一103
Office Hours: by appointment (send email)
Email: chiushnb@ntu.edu.tw
Course Website: https://ceiba.ntu.edu.tw/1051Fin5012_MA
Phone: 02-3366-1079
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課程目標 |
Class preparation and participation are major components of this course. Students are expected to read the assigned material and come prepared to discuss them. Students will be randomly chosen to lead discussion in the assigned topics and should expect to be cold-called. |
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課程要求 |
Class Participation
Class participation is a major component of this course.
Student Groups
Homework as well as the term project will be performed on the group base. Each group consists of 6 students, which are assigned by the instructor to maximize the diversity of group members.
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預期每週課後學習時數 |
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Office Hours |
另約時間 備註： By appointment |
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指定閱讀 |
Textbook: Gaughan, Mergers, Acquisitions, and Corporate Restructurings,
5th Edition. (GAU), John Wiley & Sons, Inc., 2012 (ISBN: 9780470561966)
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參考書目 |
References
1. Weston, Mitchell, Mulherin, (WMM) Takeovers, Restructuring, and Corporate
Governance, 5th Edition, Prentice Hall 2004
2. Robert F. Bruner (BRU), Applied Mergers & Acquisitions, John Wiley &
Sons, Inc., 2004
3. Koller, Goedhart, and Wessels (KGW), Valuation：Measuring and Managing
the Value of Companies, 5th edition, McKinsey & Company, Inc., 2010
4. BenDaniel, Rosenbloom, and Hanks, International M&A, Joint Ventures &
Beyond, 2nd Edition, John Wiley & Sons, Inc., 2002
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評量方式
(僅供參考) |
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No. |
項目 |
百分比 |
說明 |
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1. |
Participation |
25% |
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2. |
Homework |
25% |
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3. |
Project- Presentation |
25% |
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4. |
Project- Written Report |
25% |
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週次 |
日期 |
單元主題 |
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第1週 |
9/12 |
Introduction |
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第2週 |
9/19 |
Rationales for Mergers & Acquisitions (I) |
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第3週 |
9/26 |
Rationales for Mergers & Acquisitions (II) |
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第4週 |
10/03 |
Identifying Candidates, Due Diligence, and Negotiation |
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第5週 |
10/10 |
國慶日放假 |
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第6週 |
10/17 |
Valuation (I) |
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第7週 |
10/24 |
Valuation（II）
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第8週 |
10/31 |
Deal Structuring |
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第9週 |
11/07 |
Corporate Restructuring& Leveraged Transactions |
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第10週 |
11/14 |
Takeover Defense
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第11週 |
11/21 |
Risk Management in M&A
＊DD Homework Due |
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第12週 |
11/28 |
Corporate Governance and Performance
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第13週 |
12/05 |
M&A Integration (I)
Case 1: 中國信託金融控股股份有限公司併購台灣人壽保險股份有限公司
Case 2: 國泰人壽保險股份有限公司併購Conning Holdings Corp.
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第14週 |
12/12 |
M&A Integration (II)
Case 3: 友嘉實業股份有限公司併購德商MAG子公司
Case 4: 旭弘光電股份有限公司併購德商Aleo Solar AG |
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第15週 |
12/19 |
Presentation & Discussion
Case 5: 鴻海精密工業股份有限公司參股日本Softbank Robotics Holdings Corp
Case 6: 萬科寶能股權爭奪戰
Case 7: 滴滴出行併購中國UBER
Case 8: 安邦保險海外系列收購 |
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第16週 |
12/26 |
Presentation & Discussion
Case 9: 海爾控股收購通用電器(GE)家電
Case 10: 中國鋼鐵業整併—供給側改革
Case 11: Starwood Hotel & Resorts(USA) Bidding War by Marriott(USA) and Anbang Insurance(China)
Case 12: Medtronic Buy Device Maker Covidien for $42.9 Billion |
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第17週 |
1/02 |
元旦補假 |
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第18週 |
1/09 |
Presentation & Discussion
Case 13: Acquisition of LinkedIn by Microsoft
Case 14: eBay(USA) Acquires Ticketbis(Spain)
Case 15: Royal Dutch Shell’s Acquisition of BG Group |
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