November 2009

Posted on November 20, 2009 at 4:00 PM
Filed under: Acquisitions
Tagged: Dell Inc. , IBM Corp. , Perot Systems Corp.

Dell Inc.'s (NASDAQ:DELL) stock price is taking a beating after Thursday's third-quarter earnings -- down about 9% in late afternoon trading Friday. The PC maker reported revenue of $12.9 billion, up 1% from the previous quarter and down 15% from a year earlier. Profits plummeted 54%. This Tech Trader Daily...  Continue reading

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Posted on November 20, 2009 at 2:45 PM
Filed under: Acquisitions | Corporate Strategy | Deal International
Tagged: Agrium , CF Industries , David Wilson , Dennis McGlone , Henry Slack , Irving Yoskowitz , John Lilly , Martha Hesse , Terra Industries

Hostile acquirer CF Industries Holdings Inc. (NYSE:CF) is closer to getting its target, rival fertilizer maker Terra Industries Inc. (NYSE:TRA), which voted out its chairman according to a preliminary proxy count in New York. On Friday, CF said all three of its director nominees were elected to Terra's board. Chairman...  Continue reading

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Posted on November 20, 2009 at 1:31 PM
Filed under: Acquisitions | Integration
Tagged: Avaya Inc , Muhamad Ali , Nortel Networks

Avaya Inc.'s Mohamad Ali had little time to settle in after becoming senior vice president for corporate development in July. Four days after the former IBM Corp. (NYSE:IBM) dealmaker started, Avaya made a $475 million stalking-horse bid for a unit of bankrupt Nortel Networks Corp. The enterprise communications provider was...  Continue reading

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Posted on November 20, 2009 at 11:58 AM
Filed under: Acquisitions | Best Practices | CD Community | Growth Strategy | People
Tagged: Abbott Laboratories , Microsoft Corp. , Most Admired Corporate Dealmakers , Walt Disney

On Wednesday and Thursday, The Deal was in conference mode, hosting panels of high-profile dealmakers on financial and corporate sides, doing post-panel video interviews and live-blogging. The two-day Deal Economy 2010 event was capped off in a packed room where strategic dealmakers received honors for their M&A work. Corporate...  Continue reading

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Posted on November 18, 2009 at 3:35 PM
Filed under: Corporate Strategy | Detroit Breakdown | Divesting and Restructuring
Tagged: general motors co.

Ron Bloom, the head of the White House automotive task force, reiterated the government's desire to reduce its majority stake in General Motors Co., telling Reuters the automaker could launch an initial public offering before the end of 2010.But the emphasis is on the word "could," as Bloom also echoed...  Continue reading

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Posted on November 18, 2009 at 11:23 AM
Filed under: Acquisitions
Tagged: ETF , Index IQ

An exchange-traded fund employing a passive merger arb strategy made its trading debut Tuesday. Dubbed the IQ ARB Merger Arbitrage ETF (NYSE Arca:MNA), it's the work of Index IQ, a Rye, N.Y., developer of index-based alternative investment products. Index IQ already sponsors several other ETFs that mimic hedge fund strategies.Some...  Continue reading

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Posted on November 18, 2009 at 10:50 AM
Filed under: Acquisitions | Joint Ventures and Alliances

When Marijin Dekkers (pictured) took command of Bayer AG in September, there was speculation a breakup of the 146-year-old pharmaceutical and chemical giant would follow. In a report Tuesday, Bloomberg noted that Abu Dhabi-run International Petroleum Investment Co. is talking with Bayer about a possible joint venture involving Bayer's MaterialScience...  Continue reading

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Posted on November 18, 2009 at 8:37 AM
Filed under: Corporate Strategy
Tagged: Berkshire Hathaway Inc. (NYSE:BKR.A) , Project Impact , Wal-Mart Stores Inc. (NYSE:WMT) , Warren Buffett

Warren Buffett is known for his affinity for strong, basic businesses available at a bargain price. At first glance, that might explain why the Oracle of Omaha nearly doubled his stake in Wal-Mart Stores Inc. (NYSE:WMT) in the third quarter, according to regulatory filings. The bargain price element is...  Continue reading

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Posted on November 17, 2009 at 3:24 PM
Filed under: Acquisitions | Corporate Strategy | Middle market | Sector Watch | Trends
Tagged: AdMob , Apple Inc. , Google , iPhone , iPod , Millennial Media

OK, it's not a huge revenue-generating battleground like Web search on a computer, but mobile advertising does offer some nice ancillary income and, if anything else, gives a maturing tech giant some street cred as still being the "cool kid on the block."That's part of the reason why it seems...  Continue reading

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Posted on November 17, 2009 at 11:04 AM
Filed under: Acquisitions | Corporate Strategy
Tagged: Applied Materials Inc. , Semitool Inc.

Applied Materials Inc.'s (NASDAQ:AMAT) deal to acquire Semitool Inc. (NASDAQ:STML) for $364 million in cash (The Deal Pipeline subscription required) is another reason for bankers, lawyers, the business press and other market watchers to trumpet that M&A is back. It's also the latest example of a corporation spending on deals...  Continue reading

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