| INTERNATIONAL TRADE AND BUSINESS | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| IF4420 | Mergers and Acquisitions | Fall Spring |
3 | 0 | 3 | 9 |
| The course opens with the approval of the Department at the beginning of each semester |
| Language of instruction: | En |
| Type of course: | Departmental Elective |
| Course Level: | Bachelor |
| Mode of Delivery: | Face to face |
| Course Coordinator : | Assist. Prof. BAHAR KÖSEOĞLU |
| 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. |
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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. |
| Valuation, valuation techniques, M&A process, Negotiations Teaching methods of the course are “Lecture, Individual Study, Reading, Problem Solving, Case Study, Discussion, Project Preparation” |
| 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 | ||
| Course Notes: | 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) |
| Semester Requirements | Number of Activities | Level of Contribution |
| Attendance | 0 | % 0 |
| Laboratory | 0 | % 0 |
| Application | 0 | % 0 |
| Field Work | 0 | % 0 |
| Special Course Internship (Work Placement) | 0 | % 0 |
| Quizzes | 0 | % 0 |
| Homework Assignments | % 0 | |
| Presentation | 0 | % 0 |
| Project | 1 | % 45 |
| Seminar | 0 | % 0 |
| Midterms | % 0 | |
| Preliminary Jury | 0 | % 0 |
| Final | 1 | % 55 |
| Paper Submission | 0 | % 0 |
| Jury | 0 | % 0 |
| Bütünleme | % 0 | |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 0 | |
| PERCENTAGE OF FINAL WORK | % 100 | |
| Total | % 100 | |
| Activities | Number of Activities | Duration (Hours) | Workload |
| Course Hours | 13 | 3 | 39 |
| Laboratory | 0 | 0 | 0 |
| Application | 0 | 0 | 0 |
| Special Course Internship (Work Placement) | 0 | 0 | 0 |
| Field Work | 0 | 0 | 0 |
| Study Hours Out of Class | 14 | 12 | 168 |
| Presentations / Seminar | 0 | 0 | 0 |
| Project | 2 | 9 | 18 |
| Homework Assignments | 0 | 0 | 0 |
| Quizzes | 0 | 0 | 0 |
| Preliminary Jury | 0 | 0 | 0 |
| Midterms | 0 | 0 | 0 |
| Paper Submission | 0 | 0 | 0 |
| Jury | 0 | 0 | 0 |
| Final | 1 | 2 | 2 |
| Total Workload | 227 | ||
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Has theoretical and practical knowledge on management, business, trade, economy, entrepreneurship, innovation, sustainable development related to International Trade and Business and can use this information | |
| 2) | Can collect data from different sources in the global business world and successfully apply research techniques, use information and communication technologies. | |
| 3) | Can analyze opportunities and threats with strategic thinking skills by using different resources and channels in the ever-changing global business world. | |
| 4) | Can communicate orally and in writing with a good knowledge of English grammar. | |
| 5) | He / she can transfer the knowledge and skills he / she has acquired in the field to the relevant people in written and oral form and evaluate them critically. | |
| 6) | Adopts the principles of business ethics with the awareness of professional responsibility and can apply these principles within the framework of legal rules in the field of global trade and business. | |
| 7) | He / she can collaborate in and out of the field, take responsibility, respect cultural differences and have ethical values. | |
| 8) | Has sufficient awareness of social rights, justice, cultural values, environmental awareness, occupational health and safety. | |
| 9) | With the lifelong learning skill acquired, she/he can identify learning needs and improve herself/himself. |