Topics: Debt, Finance, Leveraged buyout Pages: 17 (3594 words) Published: December 14, 2012
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University of Wisconsin School of Business

Financial Policy: 755 Fall 2004

Professor: E-mail: Office Hours:

Dr. Toni Whited MW 2:30-3:30 p.m. and by appointment

Office: Phone: Fax:

5289 Grainger (608)262-6508 (608)265-4195

Objective: This course is designed to provide you with a general understanding of a variety of financial restructuring and reorganization techniques. Each topic that we discuss describes a transaction that restructures or reorganizes the firm in some particular way. The specific objectives of the course include: (1) to help build a framework for analyzing various corporate restructuring transactions primarily through techniques of financial analysis; (2) to provide a broad overview of corporate restructuring approaches which can then be critically applied to solve business problems; (3) to establish an economic perspective from which to assess the corporate and social consequences of alternative corporate restructuring and reorganization techniques.

Readings: The readings for this course consist of (1) a recommended textbook:Takeovers, Restructuring, and Corporate Governance, by Weston, Mitchell, and Hulherin; (2) a packet that includes case studies and three Harvard Business School notes; and (3) published articles on electronic reserve. Although it is not necessary to read these articles in their entirety, I do ask that you familiarize yourself with their content prior to class by reading the introduction and the conclusion.



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Grading: Course grades will be based on class participation and attendance (20%), two group case write-ups (20%), two case presentations (30%), and a final project (30%). If you wish, you may do one extra case write-up. If so, I will drop the lowest of the three case grades.

Contacting Me: The most effective way to contact me is via e-mail. I always answer e-mail within 24 hours and often answer e-mail immediately.

Web Site: The web page for this course is Any materials not handed out in class are posted on the site. In particular, the site contains the lecture notes for the course. You should print these out and bring them to class. The website also contains the spreadsheets for the cases. You should check the website daily, and it should be the first place you want to look for course related information, or if you have questions regarding assignments. .



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Class Environment: I encourage class participation, and I expect the atmosphere to be casual but respectful of all involved. Be sure to speak up if you have any questions or insights or other relevant comments. Do not be passive! Learn to communicate effectively and pay attention to how you ask questions and make comments. While the main point is to grasp the relevant material and add to the discussion, this is an opportunity to practice your communication skills.

I will also do a substantial amount of cold calling, especially on case days. If you have not read the case and cannot answer a question, 5 percentage points will be deducted from your participation grade. You will be given two free passes during the semester.

Case Studies: The case studies are placed at the end of a particular topic and are to be used as analytical and discussion tools. The objective in using case studies is to provide examples of companies or individuals that have faced the topic at hand and to apply theoretical tools to real problems. There are nine assigned cases in the course. You may choose any three to write up. Each group will do one case presentation: you will sign up for your cases on the second day of class. The content of the case write-up is as follows:

1. The cases should be done in groups of two to four members. At the end of the semester...
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