Valuation for Mergers and Acquisitions, 2nd Edition

Master the latest insights, lessons, and best practice techniques for accurately valuing companies for potential mergers, acquisitions, and restructurings. Concise, realistic, and easy to use, Valuation for Mergers and Acquisitions, Second Edition has been fully updated to reflect the field’s latest and most useful “rules of thumb,” compare every modern approach to valuation, offering practical solutions for today’s most complex and important valuation challenges. Treating valuation as both an art and a science, it covers the entire process, offering up-to-the-minute real-world advice, examples, and case studies. Leading valuation experts Barbara S. Petitt and Kenneth R. Ferris introduce and compare leading techniques including discounted cash flow analysis, earnings multiples analysis, adjusted present value analysis, economic value analysis, and real option analysis. They fully address related concerns such as the accounting structure of deals, accounting for goodwill, tax considerations, and more. Throughout, they identify common errors that lead to inaccurate valuation, and show how to avoid them. From start to finish, this guide doesn’t just make valuation comprehensible: it provides the tools and insight to make valuation work.

For all financial professionals concerned with valuation, especially those involved in potential mergers, acquisitions, and restructurings; and for corporate finance instructors and students in Executive MBA programs concerned with valuation.

Table of Contents

Chapter 1 Valuation: An Overview
Chapter 2 Financial Review and Pro Forma Analysis
Chapter 3 Traditional Valuation Methods
Chapter 4 Alternative Valuation Methods
Chapter 5 Accounting Dilemmas in Valuation Analysis
Chapter 6 Financial Reporting and Tax Considerations for Mergers and Acquisitions
Chapter 7 Some Final Thoughts