本书是有关兼并与收购的权威之作!

兼并与收购是发生在现代经济社会中最有意义的经济活动之一。对公司个体而言，并购的经济作用在于通过参与并适应变革，从而帮助公司获得新的竞争优势或维持原有的竞争优势。就经济学而言，并购活动有助于促进资源从低效到高效的配置。然而，相当多的并购活动却无法弥补最初的投资成本。本书致力于解释兼并与收购活动的作用，并帮助管理者更有效率地执行并购战略。

SHORT CASES AND COMPANY EXAMPLES IN TEXT

PREFACE  XXlX

PART I:   TAKEOVERS AND MERGERS IN PRACTICE

 Chapter 1  The Takeover Process

 Chapter 2 The Legal and Regulatory Framework

 Chapter 3  Accounting for M&As

 Chapter 4 Deal Structuring

PART I1:   M&As--THEORIES AND EMPIRICAL TESTS

 Chapter 5  Strategic Processes

 Chapter 6  Theories of Mergers and Tender Offers

 Chapter 7 The Timing of Merger Activity

 Chapter 8  Empirical Tests of M&A Performance

PART II1:  VALUATION--THE STRATEGIC PERSPECTIVE

 Chapter 9 Alternative Approaches to Valuation

 Chapter 10 Increasing the Value of the Organization

PART IV:   RESTRUCTURING

 Chapter 11 Corporate Restructuring and Divestitures

 Chapter 12 Empirical Tests of Corporate Restructuring and Divestitures

 Chapter 13 Financial Restructuring

PART V:   M&A STRATEGIES

 Chapter 14 Alliances and Joint Ventures

 Chapter 15 Employee Stock Ownership and MLPs

 Chapter 16 Going Private and Leveraged Buyouts

 Chapter 17 International Takeovers and Restructuring

PART Vh  STRATEGIES FOR CREATING VALUE

 Chapter 18 Share Repurchases

 Chapter 19 Takeover Defenses

 Chapter 20 Corporate Governance and Performance

 Chapter 21 Merger Arbitrage

 Chapter 22 Implementation and Management Guides for M&As

GLOSSARY

AUTHOR INDEX

SUBJECT INDEX