Sometimes a merger makes sense for all parties involved. Always, there are serious issues to consider. For students from the Weatherhead School of Management, debating merger issues in a simulated circumstance before a panel of judges develops skills that may be vital to them and others some day.
Three teams from Weatherhead participated in a daylong merger advisory competition hosted by the Cleveland Chapter of the Association for Corporate Growth (ACG) on Jan. 21.
The teams had a week leading up to the competition to prepare analyses of a real-world merger case developed by Houlihan Lokey, a boutique investment banking firm based in Chicago and Los Angeles.
At the competition, each team made a 20-minute presentation to a panel of judges playing the role of the owners and board of directors of the company. The panel included senior professionals from investment banking, consulting and private equity firms such as KeyBank Capital Markets and Blue Point Capital.
The Weatherhead students competed against teams from the University of Akron, Baldwin Wallace College, Cleveland State University, John Carroll University, Kent State University and the Ohio State University. A Weatherhead team composed of Andrew Gibbons, Anand Gomes, Bernardo Orellana Heredia, Jay Vaidya and Hui Wang won first place.
The team members received an invitation to the Cleveland ACG Deal Maker Awards, a cash prize and an all-expenses paid trip to San Diego for Intergrowth, the national ACG conference to be held in March.
A Weatherhead team including Zhuowen Chen, Mayur Jethva, Wei-An Lin, Mo Shen and Yuting Yan earned second place and received an invitation to the Deal Maker Awards and a cash prize.
“It was a great pleasure to work with these students,” said Scott Fine, professor of banking and finance and the team’s faculty coach. “All three teams did an outstanding job and represented themselves and the school ably and proudly.”
Posted by: Emily Mayock, February 3, 2011 08:54 AM | News Topics: Weatherhead School of Management
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