Topic · Core Finance & Asset Classes
← All topicsCorporate Events & M&A
40 articles · 7 checkpoints · 27 deeper reads · 6 reference notes
A standalone topic: it is on no roadmap, so read it on its own terms.
Every article, in reading order
plant a flag as you finish eachRead these first
Chapter 11 lets a company keep operating while a bankruptcy court sorts out who gets paid, in what order, and with what pieces of the reorganized business. It is a negotiation with a deadline, not a liquidation.
A merger doesn't happen in one step, it moves through a fairly standard sequence from first contact to closing, and knowing where a deal sits in that sequence tells you what risks are still live.
When a company sells new stock or bonds, a group of banks buys the whole deal and resells it to investors, keeping the gap between the two prices as their fee, the gross spread.
Accretion/dilution analysis checks whether an acquisition raises or lowers the acquirer's earnings per share the moment the deal closes, a fast mechanical test that says nothing about whether the deal is actually a good idea.
Three different ways a company can separate a division into its own public stock, selling a piece for cash, giving shares away for free, or trading shares for shares, each with different cash, tax and control consequences.
An activist investor buys a stake in a company, then tries to win over the other shareholders' votes to force change, a proxy fight is the mechanics of that vote.
A leveraged buyout is financed like any large purchase, a list of where the money comes from and a list of what it pays for, and the two lists must add up to the same number.
Then the rest