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Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
IF4420	Mergers and Acquisitions	Spring	3	0	3	9

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction:	English
Type of course:	Non-Departmental Elective
Course Level:	Bachelor’s Degree (First Cycle)
Mode of Delivery:	Face to face
Course Coordinator :	Assist. Prof. BAHAR KÖSEOĞLU
Course Lecturer(s):	Assoc. Prof. UMUT UĞURLU
Recommended Optional Program Components:	None
Course Objectives:	The course is divided into two discrete sections: (1) developing an in-depth understanding of how and when to apply the appropriate tools and skills to successfully complete an M&A transaction and (2) the application of what has been learned to solving “real” world M&A problems. All major elements of the acquisition process will be discussed in the context of a logical process.

Learning Outcomes

The students who have succeeded in this course;
The student who have succeeded in this course;
I. will have a thorough knowledge of the value drivers of a company
II. will be able to assess a company within the context of its competitive advantage and the industry it operates in
III. will learn the process of M&A of a company
IV. will know the difference of the M&A process from the buyer or seller perspectives
V. will be able to do basic company valuation
VI. have an insight to the participants of the M&A process, negotiation process and the legal documents involved in M&A process.

Course Content

Valuation, valuation techniques, M&A process, Negotiations
Teaching methods of the course are “Lecture, Individual Study, Reading, Problem Solving, Case Study, Discussion, Project Preparation”

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Course Overview
2)	Introduction to M&A
3)	The M&A Process
4)	Firm Valuation: Risk Premiums, Cost of Debt and Equity, WACC
5)	Firm Valuation: Estimating Cash Flows and Growth Rates
6)	Firm Valuation: Free Cash Flow to Equity & Free Cash Flow to Firm Discount Models
7)	Valuation in Mergers & Acquisitons
8)	Valuation in Mergers & Acquisitons
9)	Deal Structuring
10)	Private Equity & Leveraged Buyouts
11)	The Corporate Takeover Market
12)	Presentations
13)	Presentations
14)	Presentations

Sources

Course Notes / Textbooks:	Mergers, Acquisitions and Other Restructuring Activities (DePamphilis, D. M., 10th ed., Elsevier/Academic Press, 2019, ISBN: 9780128150757) Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (Damodaran, A., 3rd ed., Wiley, 2012, ISBN: 9781118011522)
References:	Mergers, Acquisitions and Other Restructuring Activities (DePamphilis, D. M., 10th ed., Elsevier/Academic Press, 2019, ISBN: 9780128150757) Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (Damodaran, A., 3rd ed., Wiley, 2012, ISBN: 9781118011522)

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Project	1	% 45
Final	1	% 55
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 0
PERCENTAGE OF FINAL WORK		% 100
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	13	3	39
Study Hours Out of Class	14	12	168
Project	2	9	18
Final	1	2	2
Total Workload			227

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	To prepare students to become communication professionals by focusing on strategic thinking, professional writing, ethical practices, and the innovative use of both traditional and new media	2
2)	To be able to explain and define problems related to the relationship between facts and phenomena in areas such as Advertising, Persuasive Communication, and Brand Management
3)	To critically discuss and interpret theories, concepts, methods, tools, and ideas in the field of advertising
4)	To be able to follow and interpret innovations in the field of advertising
5)	To demonstrate a scientific perspective in line with the topics they are curious about in the field.
6)	To address and solve the needs and problems of the field through the developed scientific perspective
7)	To recognize and understand all the dynamics within the field of advertising
8)	To analyze and develop solutions to problems encountered in the practical field of advertising