Mergers & Acquisitions Competition at U-Md.

By Martin Weil
Washington Post Staff Writer
Saturday, November 6, 2010; 12:56 AM

In these crisp days of autumn, it is not just football in which students at colleges and universities go toe-to-toe and head-to-head in fierce competition. It is also in areas such as computer programming and mergers and acquisitions, an important area of high finance.

Football, of course, has often been characterized as preparation for life, but it would seem that competition in programming and in the process of creating conglomerates and making big firms out of smaller ones might also provide a pretty good introduction to the challenges that lurk outside the ivied walls.

The Mergers & Acquisitions Competition drew 10 teams of business school masters degree students to the University of Maryland at College Park last week. The idea was for the teams to create M&A proposals and present them to a panel of judges.

The competition, held this year on Oct. 28-29, "gives students the kind of real-world, problem solving experience that all MBA students need," said G. "Anand" Anandalingam, dean of Maryland's Robert H. Smith School of Business.

In a statement, he said M&A calls for "more than just good finance skills." It is, he said, "more important than ever that business leaders approach decisions with considerations of all possible outcomes," and how the decisions will affect all those involved.

Teams came to College Park from as far away as Berkeley and Chicago for the fourth annual contest.

A team that represented the Darden School of Business at the University of Virginia in Charlottesville took third place, which carried a $1,000 prize.

"We are very pleased that we placed," Beth Schmid, spokeswoman for the school, said in an interview.

She noted that Darden's dean, Robert F. Bruner, counts M&A among his areas of expertise. Among his published works is "Deals From Hell: M&A Lessons That Rise Above The Ashes" (2005).

The winning team, which received the $5,000 first prize, came from the University of Notre Dame's Mendoza College of Business.

Another area school that took part was the Kogod School of Business at American University.

As described by the Smith School, the competing squads "worked through the night to create persuasive arguments" in a hypothetical case, which involved strategic merger and acquisition alternatives for a technology company.

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