DHAKA STOCK EXCHANGE LIMITED

9/F, MOTIJHEEL C/A, DHAKA-1000

Training Program on Merger and Acquisition

Organized By
DSE Training Academy
Program Schedule

Date & Time Topic Speaker

Day 1(½ Hour)

Inaugural Session

Introduction to mergers and acquisitions

• Business expansion decisions: build it or buy it?
• Key advantages of acquisitions
• Acquisition of public vs. private companies
• The players in the world of acquisitions
• Growth by acquisition, by joint venture or
organically
• The acquisition process
• Basics of financing the deal Dr. Mahmud Osman Imam
3 Hours Professor
Department of Finance
Risk considerations Dhaka University.
• Risk vs. Return analysis
• Due diligence and uncovering incorrectly valued and
unrecorded assets and liabilities
• Conducting business through subsidiaries
• Contingent liabilities
• Turnaround candidates
• Operational vs. financial problems

Valuation and Structuring

• Using WACC to value an acquisition target
• Multiples based valuation techniques
• Valuation Triangulation
• Determining the fair market value of a target Mr. Swapan Kumar Bala
company FCMA
Day 2 • Financial forecasting
3 Hours Associate Professor
• Economic vs. accounting valuation Department of Accounting &
• Valuation and overseas acquisitions
Information Systems
• The impact on the financials of the bidder
Dhaka University.
 Financing the acquisition
• Techniques for evaluating financial alternatives
• Establishing the target capital structure
• Financing with cash, secured debt, unsecured
debt and stock
• Structuring bank financing
• Mezzanine financing

Financial Acquisition: public to private

Dr. Mahmud Osman Imam
Day 3 • Capital structure on LBOs Professor
3 Hours • Exit routes for private equity investors Department of Finance
• Disposals-the process Dhaka University.
• M&A arbitrage trading

Integrating the acquisition

• Dealing with people and systems
• Divestment strategies
• IPO’s
• Adding value in the new economy
• Setting desired rate of return