Announcements
-
Tuesday, March 24th
- I am unable to update this remotely at this time. Please see Canvas for announcements.
- Exam #2 has been emailed back to you.
- Today's video (Leveraged Buyouts - Part 1) has been posted. Start there - I talk a little about how the class goes from here at the beginning.
- As the University has just announced, there will be no on-campus class meeting before April 10. Classes will be moved online. This announcement is to inform you what to expect from my class (I am only speaking for my class). Online students - I do not believe anything will impact you, but please read the message below just in case.
- Classes are not cancelled and spring break is not extended. We will cover material online just as we would have in class. On Tuesday morning, I will post a video in Canvas under Panopto Recordings covering what I would have in class. I expect it will run about the same length of time as a normal class period. At the beginning of that video, I will discuss more the changes (and lack of changes) for this course moving forward. For example, we have a case due the following week.
- I don't have it all figured out, but I know the course content will be put online via video just as we saw earlier in the semester with additional class videos. Watching Tuesday morning's class video (and watching it on Tuesday) will be the first step. I will use Canvas for announcements and I expect they will be much more frequent as we work through this craziness together. Also, please be aware of the University's Coronavirus web site which is updated daily: https://ocm.auburn.edu/news/coronavirus/
- Stay healthy and let me know if you have any questions about my course. War Eagle! Keven Thursday, March 5th
- No class next week. On Tuesday (3/17), we will begin Leveraged Buyouts.
- Be aware of upcoming cases and graduate project deadline. Stay caught up!
- Exam #2 is Thursday for on-campus students and Friday through Monday for online students.
- Feedback time again! Please take a moment to fill out this brief feedback survey BEFORE THURSDAY. It provides me valuable feedback about how the course is going form your perspective. It is completely anonymous and I will share the overview of results after the next exam.
- You need to watch the two videos (Finishing Comparable Companies Analysis and Precedent Transactions Analysis) outside of class to get caught up.
- Feedback time again! Please take a moment to fill out this brief feedback survey BEFORE THURSDAY. It provides me valuable feedback about how the course is going form your perspective. It is completely anonymous and I will share the overview of results after the next exam.
- On Tuesday, we will finish Discounted Cash Flow Analysis and Review for Exam #2.
- You need to watch the two videos (Finishing Comparable Companies Analysis and Precedent Transactions Analysis) outside of class to get caught up.
- Exam #2 is next Thursday for on-campus students and Friday through Monday for online students.
- On Thursday, we will continue with Chapter 3, Discounted Cash Flow Analysis.
- Two new videos (Finishing Comparable Companies Analysis and Precedent Transactions Analysis) have been uploaded to Canvas. You need to watch those outside of class to get caught up.
- Our second exam is next week.
- On Tuesday, we will continue with Chapter 3, Discounted Cash Flow Analysis.
- You need to watch the two videos (Finishing Comparable Companies Analysis and Precedent Transactions Analysis) outside of class to get caught up.
- Exam #2 is in two weeks.
- On Thursday, we will have a guest speaker: Stephen Aldridge from Canter Fitzgerald.
- On Tuesday, we will continue with Chapter 3, Discounted Cash Flow Analysis.
- Two new videos (Finishing Comparable Companies Analysis and Precedent Transactions Analysis) have been uploaded to Canvas. You need to watch those outside of class to get caught up.
- On Tuesday, we will begin Chapter 3, Discounted Cash Flow Analysis.
- Two new videos (Finishing Comparable Companies Analysis and Precedent Transactions Analysis) have been uploaded to Canvas. You need to watch those outside of class to get caught up.
- Stay tuned for information about another upcoming guest speaker next Thursday.
- Exam #1 was in-class today for on-campus students. It was moved because of a weather cancellation last Thursday. Everyone can expect exam grades next Tuesday.
- On Thursday, we will have a guest speaker: Stephen Gowland from Southern Power.
- I am working on recording a couple videos that will get us caught up, especially after losing another class period. One will complete Comparable Companies Analysis and one will cover Precedent Transactions Analysis. I will let you know when those are ready.
- Exam #1 is Tuesday for on-campus students.
- Exam #1 is due Monday, February 10 for online students.
- Stay tuned for information about out-of-class videos to watch to get caught up (I'm not sure what and when at this point).
- Stay tuned for information about upcoming guest speakers.
- Exam #1 is Thursday for on-campus students. Online students: Schedule 75 minutes with your proctor for Friday through Monday (Feb. 7-10).
- Be sure to watch the Exam #1 video in Canvas AND the remainder of Comparable Companies Analysis video in Canvas.
- On Tuesday, we will discuss Chapter 2, Precedent Transactions Analysis.
- On Tuesday, we will continue with Chapter 1, Comparable Companies Analysis.
- If you have not already done so, please take a moment to fill out this brief feedback survey BEFORE THURSDAY. It provides me valuable feedback about how the course is going form your perspective. It is completely anonymous and I will share the overview of results after the first exam.
- Exam #1 is next Thursday for on-campus students. Online students: Schedule 75 minutes with your proctor for Friday through Monday (Feb. 7-10).
- On Thursday, we will begin Chapter 1, Comparable Companies Analysis.
- Exam #1 is next week.
- On Tuesday, we will finish Chapter 7, Buy-side M&A.
- Graduate project transactions are due Monday morning.
- On Thursday, we will begin Chapter 7, Buy-side M&A.
- Graduate project transactions are due Monday morning.
- On Tuesday, we will finish Chapter 6, Sell-side M&A. If there is time, we will begin Chapter 7, Buy-side M&A.
- On Thursday, we will begin Chapter 6, Sell-side M&A.
- Welcome to FINC 5670/6670/6676: Mergers and Acquisitions.
- Instead of class on the first day (Jan. 9), you are required to watch a 2 hour video in Canvas. It covers the syllabus, graduate project, and material you need to know before the next class, including information about the case that is DUE MONDAY (1/13) at MIDNIGHT and will be discussed in the next class (1/14).
Video: Intro. to 5670/6670/6676 and Intro. to M&A (in Canvas --> Panopto Recordings)
Case due Monday night (1/13) and discussed Tuesday (1/14). - For this course, you will need (1) the textbook and (2) the case packet. The textbook can be purchased at the bookstore or online. More information about the cases will be forthcoming. You do not need any supplements or codes for the textbook, although the workbook is optional.
- The is also a course packet with the notes for the semester. It should be available at the AU Bookstore before classes begin, or you can print it from the link on the left.
- Here is a link to subscribe to the Wall Street Journal. It is not required, but is recommended.
- Here is advice from last spring's students.
Tuesday, March 17th
Thursday, March 12th
Tuesday, March 3rd
Thursday, Febuary 27th
Tuesday, February 25th
Thursday, Febuary 20th
Tuesday, February 18th
Thursday, Febuary 13th
Tuesday, February 11th
Thursday, Febuary 6rd
Tuesday, February 4th
Thursday, January 30th
Tuesday, January 28th
Thursday, January 23rd
Tuesday, January 21st
Thursday, January 16th
Tuesday, January 14th
Course Outline and Notes
| Date | Agenda | |
|---|---|---|
| Thursday, Jan. 9 |
Introduction to FINC 5670/6670/6676 and Introduction to M&A |
 |
| Tuesday, Jan. 14 |
Case: Ben & Jerry's Homemade Directions and Assignment (Submit Individual Answers Here) |
|
| Thursday, Jan. 16 |
Sell-Side M&A Read: Chapter 6 |
|
| Tuesday, Jan. 21 |
More of Sell-Side M&A | |
| Thursday, Jan. 23 |
Buy-Side M&A Read: Chapter 7 |
|
| Tuesday, Jan. 28 |
More of Buy-Side M&A | |
| Thursday, Jan. 30 |
Comparable Companies Analysis Read: Chapter 1 |
|
| Tuesday, Feb. 4 |
Review for Exam #1 and More of Comparable Companies Analysis |
|
| Thursday, Feb. 6 |
Exam #1 In class Online Students Friday, Feb. 7 through Monday, Feb. 10 |
|
| Tuesday, Feb. 11 |
Precedent Transactions Analysis Read: Chapter 2 |
|
| Thursday, Feb. 13 |
***TENTATIVE*** Guest Speaker: Stephen Gowland Auburn Alumnus and Business Development Manager for Southern Power Acquisitions |
|
| Tuesday, Feb. 18 |
Discounted Cash Flow Analysis Read: Chapter 3 |
|
| Thursday, Feb. 20 |
***TENTATIVE*** Guest Speaker: Steve Aldridge Auburn Alumnus and Healthcare Investment Banking at Cantor Fitzgerald & Co. |
|
| Tuesday, Feb. 25 |
More of Discounted Cash Flow Analysis | |
| Thursday, Feb. 27 |
Still More of Discounted Cash Flow Analysis | |
| Tuesday, Mar. 3 |
Review for Exam #2 | |
| Thursday, Mar. 5 |
Exam #2 In class Online Students Friday, Mar. 6 through Monday, Mar. 9 |
|
| Tuesday, Mar. 10 |
Spring Break No Class or Office Hours |
|
| Thursday, Mar. 12 |
Spring Break No Class or Office Hours |
|
| Tuesday, Mar. 17 |
Leveraged Buyouts Read: Chapter 4 |
|
| Thursday, Mar. 19 |
More of Leveraged Buyouts | |
| Tuesday, Mar. 24 |
Case: The Timken Company Directions and Assignment (Submit Team Answers Here) |
|
| Thursday, Mar. 26 |
LBO Analysis Read: Chapter 5 |
|
| Tuesday, Mar. 31 |
More of LBO Analysis | |
| Thursday, Apr. 2 |
Still More of LBO Analysis | |
| Tuesday, Apr. 7 |
***TENTATIVE*** Guest Speaker: Jeffrey Martin Auburn Alumnus and Chief Financial Officer and Treasurer at Mueller Industries |
|
| Thursday, Apr. 9 |
Review for Final Exam | |
| Tuesday, Apr. 14 |
Case: Bidding for Hertz Directions and Assignment (Submit Team Answers Here) |
|
| Thursday, Apr. 16 |
Exam #3 6:00-8:30 PM Lowder 125A Online Students Friday, Apr. 17 through Monday, Apr. 20 |
|
Back to Top
Exam Information
The exam dates and times are listed above. In-class students are expected to take the exams on those dates and at those times. Distance students are expected to take the exams as indicated once the exams are distributed to your proctors. Should you encounter difficulty that precludes taking the exam by the deadline, you must contact me prior to that deadline and discuss possible arrangements.
If you miss an exam due to illness, you should contact me AS SOON AS you know you will miss the exam and are able to do so. Documentation will need to be provided and must state that you are unable to attend work/school on the day of the exam. Whether you contact me or not, the make-up will be the next business day at 7:30 AM. If you are still ill and HAVE DOCUMENTATION stating that you are unable to attend work/school on the day of the make-up, the next make-up will be the following business day at 7:30 AM. You must have a medical excuse for the date of the exam and the date of every make-up you miss. The make-up exam may not be the same format as that given during the regular exam time.
All exams are closed-book. They are to be completed individually. This means no talking, sharing calculators or pens/pencils, etc., and no wandering eyes. You have been warned: do not cheat! The Academic Honesty Code is found in the Student Policy eHandbook.
| Exam | Date and Location |
|---|---|
| Exam #1 | Thursday, February 6 In-class Online Students Friday, Feb. 7 through Monday, Feb. 10 |
| Exam #2 | Thursday, March 5 In-class Online Students Friday, Mar. 6 through Monday, Mar. 9 |
| Exam #3 | Thursday, April 16 6:00-8:30 PM Lowder 125A Online Students Friday, Apr. 17 through Monday, Apr. 20 |
Back to Top