M&A Transactions and the Role of Governments (Delrahim)
Meeting Times/Location
FS 9:00AM - 5:00PM
Tanenbaum Hall 145
Category
Upper-Level
Credits
1.0
M&A Transactions and the Role of Governments: Practical Strategies for Successful Execution of Deals
Prof. Makan Delrahim Spring 2025
Course Description: In today’s competitive business climate, corporations increasingly rely on mergers and acquisitions to fuel growth, access critical technologies, gain customers or obtain critical human capital. Such M&A transactions are subject to review and pre-approval by an ever-growing number of government actors in the United States, and around the globe. Success or failure in the execution of a transaction today will be determined by whether management, investment professionals or boards of directors understand and employ advance strategies to avoid pitfalls. This course is designed to provide future M&A professionals, management, legal or investors, with the critical insights and practical knowledge to employ such strategies. Some specific topics we will address include the role and motivations of different domestic and foreign government entities involved in the approval process of transactions. Using real world examples of recent high-profile mergers, we will review the M&A ecosystem, including key players. These include regulatory agencies such as the FCC, antitrust review by the Department of Justice and the Federal Trade Commission, State Attorneys General, international antitrust enforcement bodies such as the European Commission and China’s SAMR, the role of Congress and the increasing scrutiny for national security by CFIUS. This course, designed as an interactive seminar, will provide students with first-hand knowledge of the intricate processes of recent high-profile transactions, including: T-Mobile/Sprint; Sinclair/Tribune; Bayer/Monsanto; Disney/Fox and Oracle/Sun and Visa/Plaid. In examining these transactions, we will review factors associated with the decision to scrutinize or challenge a transaction, as well as strategies to maximize successful execution of future transactions.
The class will meet over a special session: Friday, 2/28, and Saturday, 3/1 from 9:00-5:00.
Business and Corporate Law Learning outcomes: Demonstrate a core understanding of business and corporate law; Perform legal analysis in the context of business and corporate law; Communicate effectively on topics related to business and corporate law; Demonstrate an understanding of the interconnection between the world of business and finance and that of business and corporate law, and how they affect other areas of law and society.
Skills Learning outcomes: Demonstrate an understanding of the individual course skill; Demonstrate the ability to receive and implement feedback; Demonstrate an understanding of how and when the individual course skill is employed in practice.
International and Comparative Law Learning outcomes: Demonstrate a core understanding of international and comparative law, both substantively and procedurally; Perform legal analysis in the context of international and comparative law; Communicate effectively on topics related to international and comparative law; Demonstrate an understanding of the role of international and comparative law, and their interconnection with domestic law.
Administrative and Regulatory Law Learning outcomes: Demonstrate a core understanding of administrative and regulatory law and the administrative process, including the role of statutory authorization and work of administrative agencies; Perform legal analysis in the context of administrative and regulatory law; Communicate effectively on topics related to administrative and regulatory law; Demonstrate an understanding of the role administrative and regulatory law play in our legal system and in society as a whole.