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Learn the main tools and analyses that M&A investment bankers and
acquirers utilize. Review due diligence and legal issues; common
structural issues such as cash vs. stock upfront payments vs. earn-outs
and stock vs. asset deals; and consequence analysis including detailed
accretion/dilution and contribution. After examining case studies and
techniques including back-of-the-envelope method and more robust
analyses, you will be able to calculate estimated combined income
statements for target and acquirer, key pro forma balance sheet items,
cash flow for debt repayments, and other relevant items. Leave knowing
how to build dynamic models that allow you to sensitize financial
projections and understand their financial impact.
Note: Bring your PC laptop with Microsoft Excel
installed and a CD-ROM drive. (Excel 2007, Vista, and Macs may not be as
effective.)
Prerequisite: Intermediate proficiency using Excel
and a solid grasp of basic accounting fundamentals are required.
NYSSA’s “Excel
Fundamentals for the Finance Professional” and “Corporate
Valuation Methodologies” classes are recommended.
Note: To maximize the educational value of this
program, it is strongly recommended that you have a basic understanding
of Excel and are familiar with its functions and features. Lack of basic
Excel skills will impede your ability to effectively acquire and
implement the techniques and shortcuts that are presented in this
program. If you have any questions, or for further information, please
contact the Education Department at education@nyssa.org.
Level: Intermediate/Advanced
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