Lecture, three hours. Requisite: Management-Executive MBA 408 or Management-Full-Time MBA 408 or Management-Fully Employed MBA 408. Students gain solid understanding of the opportunities and risks posed by mergers, acquisitions, and restructurings (M&A). Students gain basic conceptual and technical tools to evaluate M&A transactions as well as insight into the practical deal-making skills that often spell the difference between success and failure. Topics include the strategic rationale for the deal; valuation and structuring considerations; legal, regulatory, and tax environments; perspectives of strategic versus financial buyers; and differences between healthy and distressed M&A. S/U or letter grading.