April 2007

Posted on April 30, 2007 at 3:20 PM
Filed under: CD Community

Telecommunications behemoth AT&T Inc. announced on Friday that chairman and CEO Edward E. Whitacre Jr., 65, will retire from the firm on June 3. Whitacre, who began his journey with the firm in 1963 as a facility engineer, held his current titles for 17 years. He made a string...  Continue reading

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Posted on April 30, 2007 at 12:41 PM
Filed under: Acquisitions

In its ongoing battle to strengthen its position in online advertising, Yahoo! Inc. is acquiring the 80% of Right Media Inc. it doesn't own for $680 million in cash and stock. Google Inc. recently made a bid to lengthen its lead by signing a deal to buy online ad company...  Continue reading

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Posted on April 27, 2007 at 1:45 PM
Filed under: Joint Ventures and Alliances

Bristol-Myers Squibb Co. has established a collaboration with Pfizer Inc., sharing the risk on apixaban, an anticoagulant it's developing. In a separate agreement, the companies will also collaborate on the research, development and commercialization of a Pfizer discovery program. Terms of the apixaban agreement include an upfront payment of $250...  Continue reading

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Posted on April 26, 2007 at 11:24 AM
Filed under: Acquisitions

On the strength of its recently closed deal to acquire Phelps Dodge Corp. for $26.3 billion, Freeport-McMoRan Copper & Gold Inc. welcomed its accountants reports that the firm's 1st quarter income went up 89% compared to the same period in '06. In a joint statement, chairman James Moffett and CEO...  Continue reading

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Posted on April 25, 2007 at 10:59 AM
Filed under: Acquisitions | Integration

While numerous reports of positive earnings pushed the Dow Jones past 13,000 for the first time, the NYSE Composite is reaching new highs as it strives for the 10K mark. Among those reaping profits is Whirlpool Corp. Their first quarter net earnings were up $6 million from the same...  Continue reading

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Posted on April 19, 2007 at 12:59 PM
Filed under: Intellectual property

Yesterday, a bipartisan group of lawmakers introduced a patent reform bill to the House and in the Senate that would bring the U.S. in line with other nations with regard to prior art. In short, the U.S. will no longer care if prior art exists. The first to file for...  Continue reading

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Posted on April 18, 2007 at 1:35 PM
Filed under: Acquisitions | Corporate Strategy | Joint Ventures and Alliances | Trends

NYSE-listed General Cable Corp. said it will form two joint venture companies in India with the Plaza Cable Group of Cos. The ventures, headquartered in New Delhi, will incorporate all of Plaza's existing wire and cable assets. Plaza manufactures low and medium voltage energy and construction cables for the...  Continue reading

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Posted on April 16, 2007 at 4:19 PM
Filed under: Joint Ventures and Alliances | Research and development

A meat processor and an oil company are joining forces to turn fat into clean energy. The nation's third largest oil company, ConocoPhillips Co., is teaming up with the largest U.S. meat processor, Tyson Foods Inc. to create renewable diesel fuel, which will help supplement the traditional petroleum-based diesel fuel...  Continue reading

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Posted on April 15, 2007 at 10:17 AM
Filed under: 2007 | Cover Story | Information Technology | March-April 2007 | The Magazine
Tagged: acquirers , DataSite , deal tools , dealmakers , diligence , IBM , information management , integration , IntraLinks , Kalogerou , Legaltools.net , M&A , PowerSteering , software , technology , tracking , TX2 , VDR , virtual data rooms

Companies use modern information management tools to organize financial data, track supply-chain movement and compile customer relationship details. So why not use them for dealmaking? Even small transactions can require information flows among dozens of people in different locations; large ones multiply the challenge. Sellers need to make due...  Continue reading

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Posted on April 15, 2007 at 9:45 AM
Filed under: 2007 | Case Studies | Joint Ventures and Alliances | March-April 2007 | The Magazine | Trends
Tagged: alliances , Amdahl , deals , funding , Handschuh , HP , IBM , Intel , IP , licenses , Maulick , Platform Solutions , PSI , technology companies , z900 , Zider

Compared with the nasty legal fight looming ahead, landing key alliance partners, mission-critical licenses and life-saving funds were a breeze for upstart mainframer Platform Solutions.  Continue reading

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