financefixit.com 
"fix the equity - fix the debt - fix the control"

Mergers and Acquisitions


financefixit.com
Corporate Financial Restructuring
  • fix the equity
  • fix the debt
  • fix the control
Topic 1
Fix the Financing:
Recapitalizing Enterprises

Topic 2
Fix the Debt:
Reconfiguring and Designing Corporate Debt

Topic 3
Fix the Debt:
Financial Engineering and Securitization

Topic 4
Fix the Control:
Restructuring Corporate Ownership
 

Background Materials on Corporate Finance

Financial Restructuring in Asia: Issues and Opportunities
 

Links:
giddy.org
giddyonline.com
globalsecuritization.com
asiansecuritization.com



Instructor
Ian Giddy has taught finance at NYU, Columbia, Wharton, Chicago and in 30+ countries abroad for the past two decades. He was Director of International Fixed Income Research at Drexel Burnham Lambert from 1986 to 1989. The author of more than fifty articles on international finance, he has served at the International Monetary Fund and the U.S. Treasury and has been a consultant with numerous corporations and financial institutions in the U.S. and abroad. As a banker and consultant he has been involved in the growth of the ABS market in the USA, Europe and Asia. He is the author or co-author of The International Money Market, The Handbook of International Finance, Cases in International Finance, Global Financial Markets, Asset Securitization in Asia and The Hudson River Watertrail Guide.


Prof Ian Giddy
Stern School of Business
New York University
44 West 4th Street
New York, NY 10024
USA

+1 212 998 0332


giddy.org

   
financefixit.com
Workshop on Mergers and Acquisitions

Ian Giddy
New York University


Corporate restructuring: any substantial change in a company’s financial structure, or ownership or control, or business portfolio, designed to increase the value of the firm

Case Studies
 

  • Sources of synergy:
    • Ciba-Geigy-Sandoz (Novartis)
    • Kodak-Sterling Drug
    • Citigroup (1998)
    • HSBC-Republic Bank
  • Valuation:
    • Dean Witter Discover-Morgan Stanley
    • Compaq-Digital Equipment Corporation
    • Brown-Forman
    • Optika-Schirnding
    • Bank Audi
  • Real options approach:
    • Ernst & Young-Intralinks
    • Yahoo!-Broadcast.com
  • Accounting and Taxation:
    • DSP Communications
  • Negotiation:
    • Martell
  • Implementation:
    • Citigroup (1999)
    • Chase Manhattan Bank
  • Political and legal dimensions:
    • Conrail
  • Divestitures:
    • Ciba Specialty Chemicals
    • Deutsche Bank-BT Australia Asset Management
  • Financing an acquisition:
    • Nokia
    • Giant Foods
  • Strategic alliances:
    • Fidelity-Salomon and Fidelity-Lehman



Background Materials
Background Materials on Corporate Finance may be found at the following website:
http://giddy.org/ibmfinance/finmat.htm
Excel spreadsheets for Corporate Finance and Valuation may be found at:
http://giddy.org/ibmfinance/spreadsheets.htm
A sample Excel spreadsheet for the valuation of a merged company may be found at:
http://giddy.org/dbs/ipoh.xls


 
Related websites:

giddy.org
giddyonline.com
financefixit.com
globalsecuritization.com
asiansecuritization.com
 
giddyonline.com
119 West 82nd Street
New York, New York 10024

Tel.212-998-0332
Fax 917-463-7629
seminars@giddyonline.com


Go to Giddy's Web Portal • Contact Ian Giddy at ian.giddy@giddyonline.com