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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 |
108-1 |
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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 |
3.0 |
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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 |
星期三A,B,C(18:25~21:05) |
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上課地點 |
管一104 |
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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。財金組9選3。
限學士班四年級以上
總人數上限：67人
外系人數限制：30人 |
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Ceiba 課程網頁 |
http://ceiba.ntu.edu.tw/1081Fin5012_ |
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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 2019
Professor: Shean-Bii Chiu
Office: Room 1007, Building Two, College of Management
Class Time: Wednesday 6:30pm – 9:15pm
Classroom: 管一104
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 |
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指定閱讀 |
待補 |
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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 |
9/11 |
Session 1: Introduction |
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第2週 |
9/18 |
Session 2: Rationales for Mergers & Acquisitions (I) |
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第3週 |
9/25 |
Session 2: Rationales for Mergers & Acquisitions (II) |
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第4週 |
10/02 |
Session 3: Identifying Candidates, Due Diligence, and Negotiation |
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第5週 |
10/09 |
Session 4: Valuation (I) |
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第6週 |
10/16 |
Session 5: Valuation (II) |
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第7週 |
10/23 |
Session 6: Deal Structuring |
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第8週 |
10/30 |
Session 7: Leveraged Transactions & Corporate Restructuring |
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第9週 |
11/06 |
Session 8: Takeover Defense
＊DD Homework Due |
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第10週 |
11/13 |
Session 9: Regulations and Risk Management in M&A |
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第11週 |
11/20 |
Session 10: Corporate Governance and Performance |
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第12週 |
11/27 |
Session 11: M&A Integration |
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第13週 |
12/04 |
Presentation & Discussion
Case 1(G11)：Facebook、Instagram及WhatsApp是否應整合？
Case 2(G8)：AT&T收購Time Warner：是否重蹈AOL覆轍？
Case 3(G6)：SoftBank的併購與投資策略
Case 4(G7)：設計師品牌的精品轉型之路：Michael Kors併購精品老牌凡賽斯 |
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第14週 |
12/11 |
guest speaker:
大聯大副董事長 曾國棟先生演講 |
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第15週 |
12/18 |
Presentation & Discussion
Case 5(G1)： IBM收購Red Hat：大舉進軍cloud業務
Case 6(G10)：佳世達聯合艦隊策略是否增加公司價值？
Case 7(G12)：永豐金告Morgan Stanley賤賣美國子行：投行的責任範圍？
Case 8(G2)：安成藥私有化：轉型升級還是大股東自利？ |
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第16週 |
12/25 |
Presentation & Discussion
Case 9(G5)：國巨電子併購美商Pulse
Case 10(G9)：抖音的海外版圖擴張：字節跳動收購北美Musical.ly
Case 11(G4)：中國零售市場爭霸：蘇寧收購家樂福
Case 12(G3)：中國海航大舉海外併購的花開花落 |
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