Dr. P.V. Viswanath



Economics/Finance on the Web
Student Interest

  Courses / EDHEC: Mergers and Acquistions /  

EDHEC: Mergers and Acquisitions Summer 2006

July 7 to July 17 at the New York campus, Rm W505/ W514
Email: pviswanath@pace.edu Tel: (212) 618-6518
Webpage: http://webpage.pace.edu/pviswanath
Blackboard: http://blackboard.pace.edu

Office W416, Pace New York
Office hours: By appointment.
Note:  I am in my office most of the week; send me e-mail, give me a call or just drop by!

Course Objectives

The primary objective of this course is to provide the student with a conceptual background as well as some of the tools to analyze mergers and acquisitions.

Course Text

Required Text: Applied Mergers and Acquisitions, Robert Bruner, Wiley Publications, 2004.

Computer Use and E-mail Policy:

Check your e-mail on a regular basis.  This will enable you to get the maximum from the course. I am available for consultation by e-mail at pviswanath@pace.edu. 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).  

Course Requirements

Class Attendance and Participation

Class attendance is mandatory and is highly recommended.  I also require that you read the Wall Street Journal 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. 

Assignments and Working with Teams

Assignments are a critical part of the course.  The main purpose of these assignments is to make sure that you understand the material.  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 Blackboard or as sent to you by email.

You will have to work in groups, with at least five persons per group.

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.

Disability Policy

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 one exam at the end of the course. 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). If you miss the exam without being excused, I cannot give you any credit.  University policy allows make-ups only for serious personal illness or death in the family, for which documentation may be required.  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.

Study Aids

Media Articles

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.  

  • I will be posting interesting and recent articles to this page.  As such, it will be a useful way for you to keep abreast of topical issues (in addition to your regular perusal of the Wall Street Journal.)
  • I will pose questions on the subject matter of several of the articles.  These questions will be good preparation for the media article based questions on the exams.
  • You can draw on the articles for classroom discussions.
  • These articles and the appended questions are useful preparation for job interviews.
  • Some of these articles may be required reading, to be followed up by Blackboard postings.

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.


Your grade will be determined based on your contribution to class discussions as well as on the final exam.

Your final grade will be determined as follows:

Factor  Impact on grade
Project: Valuation 20%
Project: Merger Rationales 20%
Exam 40%
In-class Exercises 10%
Class Attendance and Participation 10%

Letter grades will be assigned as follows:  

Course Grade Quantitative Class Score
A, A- 90%-100%
B+, B 80%-89.99%
B-, C+ 70%-79.99%
C 60-69.99%
F 0-59.99%

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.