Mergers, Acquisitions, and Divestitures, oh my! 2.0

In this seventh session, and the final session of the second module of the course, we look at the remaining mode for growth (buying — mergers and acquisitions), as well as modes for corporate scope reduction through divestiture (sell-offs and spin-outs). From Puranam and Vanneste, in the first module, we began by identifying the desired synergies (4C synergies) and determined whether those synergies were best managed within or between firms (governance costs: transaction versus ownership costs). For synergies best managed within firms (asymmetric and/or high resource…