Dr. P.V. Viswanath
|Courses / FIN 648 /|
FIN 648: Mergers and Acquisitions Spring 2006
The primary objective of this course is to provide the student with the theoretical background and analytical tools necessary to evaluate different kinds of mergers. To a limited extent, we will also look at the social and regulatory background for mergers.
Required Text: Applied
Mergers University Edition with Student Workbook and Student Survey Set,
Robert Bruner, Wiley Publications, 2004.
The following books are on reserve in the library:
You should obtain a Pace e-mail address as soon as possible, so that I can send you e-mail. Any student's Pace e-mail address can be obtained by going to the Contact Pace section of the main Pace Home Page (the default password is the studentís Pace Identification Number). More information about e-mail address, etc. can be obtained from the DoIT website. Even if you have another e-mail address where you wish to get your e-mail, you should still get a Pace e-mail address. Once you have your Pace e-mail account and password, you can go to the Pace University Student E-Mail Server at http://stmail.pace.edu and have your e-mail forwarded to your preferred e-mail address. You can find information on how to have your mail automatically forwarded at http://www.pace.edu/DoIT/forward/. The only way that I can communicate with you is through your Pace e-mail account. Hence, it behooves you to get your Pace account information as soon as possible.
Check your e-mail and the FIN 648 website on a regular basis. This will enable you to get the maximum from the course. I am available for consultation by e-mail at email@example.com. I check my e-mail practically every day, and, in most cases, you should get a speedy response to any questions.
We will also be using Blackboard as a gateway for some aspects of the course. Please log in to Blackboard at the earliest opportunity. Blackboard login procedures can be found on the appropriate Blackboard site. Essentially, your login ID for Blackboard will be your email ID, and your password will be your 9-digit social security number (for more details, go to the Blackboard site).
Class attendance is mandatory and is highly recommended. This is for two reasons: one, I believe that you will understand the material much better if you attend the class sessions; two, modifications to the class schedule will be announced in class and/or on the BlackBoard website. Also, on occasion, I conduct classroom exercises, give short quizzes, or assign additional work. If you miss a class session during which we have such a classroom exercise, or additional work is assigned, your grade will be adversely affected for this reason as well. (Of course, it goes without saying that missing quizzes will affect your grade adversely.) In any case, you should consult fellow students on what was done during the class time that you missed, and collect handouts for that day's session. You should also bring a calculator to all class meetings.
I also require that you read the Wall Street Journal and/or the business section of the New York Times on a regular basis. Some exam questions will be based on current newspaper and magazine articles that are related to course material. Hence you should cultivate and improve your ability to read newspaper articles critically. I will assume that all students have online access to the Wall Street Journal.
There are two other reasons why you should try to attend as regularly as possible. One, classroom participation will help your grade. By participation, I mean answering questions and making intelligent comments. Two, we will sometime do learning exercises in class; doing them can help you substantially in understanding the material. I often also give credit for participation in these classroom exercises.
Assignments are a critical part of the course. The main purpose of these assignments is to make sure that you understand the material, and to prepare you for the exams. Details regarding assignments will be provided during the course; check Blackboard on a regular basis, as well. All assignments should be turned in, typed, as far as possible (i.e. mathematical formulas, etc. may be written in by hand, if necessary). Details of the assignments can be found on the Class Assignments Page.
There will be three assignments, all associated with the same merger. Students will work in groups consisting of four or five individuals; they will write up their reports, and will also be required to present their analysis.
Academic Integrity and Library Resources
Any student taking this course is presumed to agree to abide by the statement on academic integrity, as described in the latest Graduate Catalog. You can get a copy of the Catalog from Lubin Undergraduate Academic Advisement. If you have any doubts as to what plagiarism is, please go to http://appserv.pace.edu/library/pages/apollo/. You will need to create a login name and password to begin. However, this resource is very useful, not only to understand what plagiarism is, and how to avoid it, but also how to use library resources.
If you have a disability for which you are or may be requesting an academic accommodation, you must register with the Coordinator of Services for Students with Disabilities. You can contact the coordinator at 212-346-1526 in New York and 914-773-3710 in Westchester.
There will be a midterm and a final exam. Exams are closed book, but I will allow you to bring in one 8.5" x 11" sheet of paper containing only formulas -- nothing else (two sides). More details on the nature of the exams can be found on the FAQ page. If you miss an exam without being excused, I cannot give you any credit for that exam. University policy allows make-ups only for serious personal illness or death in the family, for which documentation may be required. You can look at past exams and solutions on my website; however, I have not taught FIN 648 in previous terms, so you can only see examples of the style of my exams. Please bring your own calculators to the exams; PDAs, however, are not allowed. Get in touch with me regarding any question you may have regarding the exams, or the course in general.
I may give one quiz during the term. I will announce it ahead of time. (Chances of this are low given the paucity of time; however, sometimes this is indicated given the circumstances.)
On my webpages, you will find recent media articles. From time to time, I will add to this list. There are several reasons why you should look regularly at these pages.
The password, necessary to access the Media Articles section will be announced in class, and can also be found at the Blackboard website, under Course Information. In case of emergency, you can contact me for the password.
Note that the minimum and maximum quantitative scores for plus and minus refinements to the letter grades will be at my discretion. These will be partly determined by the distribution of student scores within each letter grade category. I place a high value on effort; at my discretion, I will raise your grade one notch if I feel that you have tried hard to satisfy all the requirements of the course.
BUS 512 (Minimum Grade of C) or MBA 632 (Minimum Grade of C).
On the index card handed out in class, please fill in the information requested below. Make sure to number the item that you are responding to.