16 Comments
 
Best Response

What is the focus of the particular group? My comments that follow are specific to Merger Arb as this is where I have the most familiarity:

To be successful in special situations you need to be able to assess and quantify the likelihood of different scenarios. Know why deals fail, especially recent deals in the news. I would two important topics to brush up on are the role of corporate boards and activist shareholders. Sometimes active shareholders like Chanos, Einhorn, and Icahn can actually push the deal to go through but they can also break one down -- read some case studies. Understand how voting rotes of shareholders and boards work (Preferreds/Class A/Class B). Lastly, be familiar with the various acquisition modeling techniques and be able to talk generally about operational and financial redundancies/synergies.

 
KevinNYCWhat is the focus of the particular group? My comments that follow are specific to Merger Arb as this is where I have the most familiarity:

To be successful in special situations you need to be able to assess and quantify the likelihood of different scenarios. Know why deals fail, especially recent deals in the news. I would two important topics to brush up on are the role of corporate boards and activist shareholders. Sometimes active shareholders like Chanos, Einhorn, and Icahn can actually push the deal to go through but they can also break one down -- read some case studies. Understand how voting rotes of shareholders and boards work (Preferreds/Class A/Class B). Lastly, be familiar with the various acquisition modeling techniques and be able to talk generally about operational and financial redundancies/synergies.

Thank you! Finally some quality talking here! What kind of "acquisition modeling techniques" should be expected, say if there's a technical interview?

The Auto Show
 
huanleshalemei
KevinNYCWhat is the focus of the particular group? My comments that follow are specific to Merger Arb as this is where I have the most familiarity:

To be successful in special situations you need to be able to assess and quantify the likelihood of different scenarios. Know why deals fail, especially recent deals in the news. I would two important topics to brush up on are the role of corporate boards and activist shareholders. Sometimes active shareholders like Chanos, Einhorn, and Icahn can actually push the deal to go through but they can also break one down -- read some case studies. Understand how voting rotes of shareholders and boards work (Preferreds/Class A/Class B). Lastly, be familiar with the various acquisition modeling techniques and be able to talk generally about operational and financial redundancies/synergies.

Thank you! Finally some quality talking here! What kind of "acquisition modeling techniques" should be expected, say if there's a technical interview?

DCF, LBO, comparables, market valuation

 

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