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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 |
112-1 |
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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 |
管一103 |
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備註 |
本課程中文授課,使用英文教科書。
限學士班四年級以上
總人數上限：70人
外系人數限制：30人 |
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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 |
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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 (send email to chiushnb@ntu.edu.tw) |
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指定閱讀 |
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參考書目 |
1.Weston, Mitchell, Mulherin, (WMM) Takeovers, Restructuring, and Corporate Governance, 5th Edition, Prentice Hall 2014
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, 7th edition, McKinsey & Company, Inc., 2020
4.游明德 總編審, 企業併購策略與最佳實務(第三版), 財團法人資誠教育基金會, 2016 |
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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. |
DD-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 |
9/6 |
Session 1: Introduction |
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第2週 |
9/13 |
Session 2: Rationales for Mergers & Acquisitions (I) |
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第3週 |
9/20 |
Session 2: Rationales for Mergers & Acquisitions (II) |
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第4週 |
9/27 |
Session 3: Identifying Candidates, Due Diligence, and Negotiation |
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第5週 |
10/4 |
Session 4&5: Valuation |
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第6週 |
10/11 |
Session 6: Deal Structuring |
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第7週 |
10/18 |
Session 7: Leveraged Transactions & Corporate Restructuring |
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第8週 |
10/25 |
Session 8: Takeover Defense
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第9週 |
11/1 |
Session 9: Regulations and Risk Management in M&A
＊＊DD Homework Due |
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第10週 |
11/8 |
Session 10: Corporate Governance and Performance
Session 11: M&A Integration (I) (II) |
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第11週 |
11/15 |
校慶停課 |
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第12週 |
11/22 |
Guest Speaker： 富邦金控 鄧森文 副總 |
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第13週 |
11/29 |
Presentation & Discussion
Case 1：馬斯克收購推特
Case 2：甲骨文收購Cerner
Case 3：Adobe收購Figma |
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第14週 |
12/6 |
Presentation & Discussion
Case 4： 統一集團併購家樂福
Case 5：康舒併購ABB旗下電源轉換事業
Case 6： 台泥收購義大利ENGIE EPS SA及葡萄牙Kilometer Low Cost SA進軍儲能市場
Case 7： 華新麗華海外併購 |
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第15週 |
12/13 |
Presentation & Discussion
Case 8：國巨收購德國賀利氏、法國施耐德高階感測器部門
Case 9：環旭電子收購法國Asteelflash
Case 10：環球晶併德國世創失敗的省思與新策略 |
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