In this very last video, M. Thesmar discusses a famous case for acquisition: the Mannesmann Vodaphone case. Here, the objective is to consider the different aspects of an acquisition process, beginning with a way to estimate the probability of success of the deal. Then, the speaker explains how...

Along with his habit, the speaker goes over a new case : the Eutelsat case. It is once again the occasion to perform a financial analysis of the firm (4 step method). Then M. Thesmar goes over a valuation of the firm using the DCF approach.

What is the best for a firm when thinking about the reaction of markets to its announcements? This is the question that M. Thesmar addresses in this speech about financial communication. He mentions the idea of a pecking order in financing sources and goes over an example to illustrate his speech.