Art of M&A: Financing and Refinancing

As a handbook, this reference serves a very comprehensive purpose. In the author's words, any book on M & A financing and refinancing is "about both mergers and money;" but, in these pages they have focused on the vital intersection of these two economic phenomena. In it's easy to use question and answer format, you will find it very user friendly and extremely informative. Must a company use it's own money or find some form of financing? What form of financing? From basic definitions and assessment to debt-based, equity-based financing to refinancing strategies and typical regulatory, tax and accounting issues, this book is an invaluable resource for any business. For further reference (and enjoyment), see the sections on the macro- and microeconomic aspects of global M & A financing. This book should be on the shelf of every business person.

Almost a third of companies with sales between $75 and $500 million expect to be involved in a merger or acquisition in the near future. Defaults in the junk-bond market are expected to top 4.5% of outstanding issues in 1999, compared with 3.4% in 1998. Surging defaults in a strong economy point to the need for a comprehensive book on how to use "other people's money," while making something for ourselves in the process. The Art of M & A Financing and Refinancing uses a reader friendly question and answer format to easily explain lofty global concepts such as currency exchange rates and fluctuations that can affect your M & A financing, as well as the gritty details of how to calculate the cost of your proposed debt. Want to know where to obtain financing online or the tax consequences of postacquisition debt? What are the going percentages on various types of collateral? What covenants do junk bonds normally contain? What are the advantages of a private equity placement? Here you will find the answers from two well known experts in the field. While only half of all corporate mergers live up to their promise, your chances of success will greatly improve by utilizing the information contained in this comprehensive handbook. Highly recommended by the editor of CorpGov.Net