This podcast is a Q&A session focused on mergers and acquisitions (M&A), reviewing key concepts from a previous session and delving deeper into practical application. The session begins with a brief Q&A, followed by a review of M&A topics including forms of consideration, EPS calculations, synergy types, and tax implications. The instructor then guides participants through building a mini-merger model and a full merger model (partially completed during the session), using real-world examples like AO Smith and NFI Group to illustrate key points. Participants gain a better understanding of M&A valuation, including the calculation of goodwill and the impact of working capital on free cash flow.