Corporate restructuring
Free IMA CMA Part 2 (Strategic Financial Management) lesson in Corporate Finance. 9 min read, ~1,406 words.
Horizontal = same industry; vertical = supply chain (upstream or downstream); conglomerate = unrelated industries. LBO = acquisition funded 70 to 90% with debt collateralized by target assets and serviced by target cash flow. Defenses: poison pill (rights plan), staggered board, golden parachute, leveraged recap (debt-funded special dividend or buyback)...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 2B5
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