Mergers & Acquisitions (SMM233)

This is the document I used to prepare myself for the SMM233 Mergers & Acquisitions exam, for which I achieved a 73. The document covers all important topics: the basics of deals, acquisition premiums, hostile vs. friendly, types of deals, the process, reasons, due diligence, anti-takeover defences (poison pills, shark repellents, parachutes), takeovers, regulatory issues, alternatives to M&A, deal pricing, types of valuations, synergies, arbitrage & post-deal intergration - amongst others. I...