Hostile Takeovers Are Dying Out

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The hostile takeover is dying.  According to FActSet MergerMetrics, there have been three hostile offers this year.   Two of these offers were for small companies worth less than $25 million.  There were only 12 hostile bids last year. Organizations have… Read More

Starbucks Entering the Yogurt Business

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If you hate coffee, free Wi-Fi, scones and those obnoxious baristas, you can now frequent a Starbucks through its yogurt business.  The yogurt business is among the most crowded food businesses in the world.  Starbucks has over 10,000 stores, but… Read More

When an Executive Turns Buyout Advisor it Raises Concerns

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You may think that you have an advantage in deal-making if you hire the former chief executive of the company you want to buy to advise you.  However, this could turn out to be a problem as was evidenced in… Read More

Questions Remain As the American Airlines Merger Date Approaches

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It’s been almost 4 months since American Airlines Inc. and US Airways Inc. announced their merger, but we still don’t know very much about what the new company will look like once the deal closes.  The airlines have created 29… Read More

SAC Executives Subpoenaed in Insider Trading Inquiry

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According to people briefed on the case, four senior executives at SAC capital advisors received subpoenas to testify before the grand jury as part of the government’s investigation into insider trading at the firm.  The subpoenas were issued last week… Read More

Chesapeake Sells Another Marcellus Package At Low Valuation

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A definitive agreement to sell a significant acreage package (in Marcellus and Utica located in southwestern Pennsylvania) has been signed by Chesapeake Energy.  EQT Corporation will acquire approximately 99,000 net acres of the Marcellus and Utica shales and 10 horizontal… Read More

Looking at Mergers & Acquisitions in Today’s Copper Market

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In today’s global market, aging copper mines are producing lower amounts of copper at significantly increasing costs.  Copper ore has been on a downward spiral since the mid-1990’s.  A copper miner has to dig up an additional 50 percent of… Read More

21st Century Conglomerates

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Do you think of companies like Google and Amazon as conglomerates?  Let’s look at how successful today’s conglomerates are when compared to the companies who started the business model over two decades ago.  In the past conglomerates were able to… Read More

The Ultimate Decision – Financing, Strategic Alliance, or Bankruptcy

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Unfortunately, a lot of companies find themselves in this position at various times in their life.  We’ll use the Biotech industry and a publicly traded company as an example of why these choices are important.  In general any biotech startup… Read More