1. Define the term merger, and list some motives for mergers.
2. Characterize the different types of mergers.
3. Identify the five major merger waves that have occurred in the United States.
4. Differentiate between the merger processes in hostile versus friendly takeovers.
5. Briefly explain the need to regulate mergers, and whether states play a role in merger regulation.
6. Determine the value of a target firm using discounted cash flow analysis and the appropriate discount rate.
7. Explain whether corporate acquisitions create value and how the value is shared between the parties.