Valuation for Mergers and Acquisitions

&>Valuation for Mergers and Acquisitions, Second Edition, valuation experts Kenneth R. Ferris and Barbara S. Petitt bring together the latest insights, lessons, and best practice techniques for accurately valuing companies for potential mergers, acquisitions, and restructurings.

Concise, realistic, and easy to use, this thoroughly updated Second Edition brings together the field's best "rules of thumb," compares every key approach, and offers practical solutions for today's most complex and important valuation challenges. Treating valuation as both an art and a science, it covers the entire valuation process, offering up-to-the-minute real-world advice, examples, and case studies for successfully valuing and acquiring target companies.

Ferris and Petitt introduce and compare leading techniques including discounted cash flow analysis, earnings multiples analysis, adjusted present value analysis, economic value analysis, and real option analysis. They fully address related concerns such as the accounting structure of deals, accounting for goodwill, tax considerations, and more. Throughout, the authors identify common errors that lead to inaccurate valuation, and show how to avoid them. From traditional ROE analysis to the latest financial reporting and tax issues, this book doesn't just make valuation comprehensible - it gives you the tools and insight you need to make valuation work.