MERGERS AND ACQUISITIONS - COMPANION FILES
julianrsterling.com/deal

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Revised 24 September 2026.

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WHAT IS IN THE ARCHIVE

1. The book's four workbooks
   The_Seven_Prices.xlsx              Chapters 1 to 4
   The_Combined_Accounts.xlsx         Chapters 10 and 12 to 15
   Value_Created.xlsx                 Chapters 5 to 9 and 16
   The_Ladder.xlsx                    Chapters 11 and 17
   00_START_HERE.md                   what changed is at the end
   Each workbook closes on a Checks sheet that ends ALL OK: 159 checks
   in all, fifteen of them new, for sentences of the book that the
   arithmetic does not support.

2. Blank_Model_Set/  (new)
   The four workbooks with the sixty inputs emptied, for your own deal:
   the two companies, the price and funding, the earn-out, the synergies,
   the debt-like items with their three yes-or-no answers, and the
   lender's ladder. Each Checks sheet counts what is still missing and
   tests what holds for any inputs. The book's figures are in
   book_inputs.txt: type them back in and the book's results come back.

3. Working_Documents.pdf  (new)
   Thirteen printable pages: which of the seven prices, the debt-like
   items qualified three times, the framework test, the earn-out's four
   numbers, the business without you, the synergy coefficient, the
   break-even synergy, the value bridge, the funding slide, the ladder
   and its band, the allocation, the four columns and the bridge, and
   the seven questions for Thursday. A4, fits Letter.

4. Forty_Questions.xlsx  (new)
   Forty questions across the book, marked by the file as you type.

5. Cases/  (new)
   Case_1_Balmacara_Under_IFRS_16.xlsx               Chapters 3, 4, 11, 12
   Case_2_The_Same_Promise_Two_Years_Later.xlsx      Chapters 7, 8, 16
   Case_3_The_Target_s_Own_Rate.xlsx                 Chapters 10, 15
   Each case: the note on the first sheet, the model after it, checks at
   the end. Figures the book does not give are marked ADDED.

The files open in Excel, LibreOffice Calc, Google Sheets and Numbers. No macros.
