Posted on July 1, 2009 at 4:00 PM
Filed under: Best Practices | CD Community
Tagged: booz & co. , ernst & young llp

Nobody needs to be told that we're in the midst of an epic financial crunch. So why do so many companies have to be reminded to pull their socks up and manage their working capital more efficiently? How can these major organizations, world class in so many respects, continue to...  Continue reading

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Posted on July 1, 2009 at 1:12 PM
Filed under: Acquisitions | Best Practices | CD Community
Tagged: chorey , earnouts , taylor & feil

In the current tough climate for deals, acquirers are increasingly using earnouts as part of the purchase price, which is why I've discussed the topic in a couple of recent magazine columns. The first, Arguments postponed, warns of disputes and litigation down the road for some of these dealmakers. The...  Continue reading

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Posted on June 30, 2009 at 8:31 AM
Filed under: CD Community | Law
Tagged: dell inc. , ibm corp.

Midafternoon Friday we told you that U.S. District Judge Stephen Robinson had ruled that David Johnson, IBM Corp.'s (NYSE:IBM) former vice president for corporate development, can work at rival Dell Inc. (NASDAQ:DELL) during IBM's suit against him. IBM is suing Johnson, arguing his move to Dell violates a noncompete agreement,...  Continue reading

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Posted on June 26, 2009 at 10:06 AM
Filed under: CD Community | Movers & Shakers
Tagged: david johnson , dell inc. , ibm corp

IBM Corp. (NYSE:IBM), locked in a court battle with Dave Johnson, its former vice president for corporate development, has filed a complaint charging him with misusing company resources for personal benefit, according to court documents cited in Reuters and Bloomberg reports.IBM is suing Johnson for violating a noncompete agreement --...  Continue reading

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Posted on June 25, 2009 at 11:18 AM
Filed under: Acquisitions | CD Community | Counterparties
Tagged: American Appraisal Associates Inc. , Ernst & Young LLP , Evonik Industries AG , Merrill Datasite

Free Thursday afternoon? You still have time to register for what promises to be a lively Webinar discussion of valuation challenges in the current climate, scheduled for 2 p.m. EDT Thursday and sponsored by Merrill Datasite. I'll be moderating, and we'll be taking up many of the topics we examined...  Continue reading

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Posted on June 24, 2009 at 11:35 AM
Filed under: CD Community | Job Description | Movers & Shakers
Tagged: Dell Inc. , IBM Corp.

An IBM Corp. (NYSE:IBM) spokesman told Bloomberg Tuesday that the company earlier this month named Elias Mendoza to succeed David Johnson, the company's vice president of corporate development. Johnson left in May to take a similar job at Dell Inc. (NASDAQ:DELL) and is currently being sued by IBM for violating...  Continue reading

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Posted on June 22, 2009 at 3:06 PM
Filed under: Acquisitions | CD Community | Corporate Strategy | Growth Strategy | Middle market | Sector Watch | Trends
Tagged: Broadcom , Data Domain , EMC Corp. , Emulex , Intel , NetApp , Oracle , Sun Micro , Wind River Systems

Cash-rich tech giants are showing signs of a willingness to open their coffers to acquire startups and rivals. The tech-focused section of our sister blog Dealscape highlighted data from the 451 Group showing conditions have stabilized to some degree for tech acquirers and potential targets alike.Leading the way this...  Continue reading

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Posted on June 15, 2009 at 3:56 PM
Filed under: Best Practices | CD Community | Corporate Strategy | Divesting and Restructuring | Middle market | Trends
Tagged: Ernst & Young , Kevin Cole , Opportunities in adversity

According to a study of executives at 570 global companies released by Ernst & Young LLP, 86% of executives say they accelerated cost reduction programs, 52% sped up their restructuring plans, and 38% pushed the button on a "significant employee reduction program" over the last year.That's in the short term,...  Continue reading

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Posted on June 12, 2009 at 2:48 PM
Filed under: CD Community | Careers | Corporate Strategy | Deal International | Movers & Shakers | People
Tagged: ACG China , Grant Thornton , Harris Smith

Chinese dealmakers looking to connect with fellow M&A professionals now have a new way to do it, with the opening of an Association for Corporate Growth chapter in Tianjin. ACG China will also operate in Beijing, Hong Kong, Shanghai and other major cities as membership grows.Harris Smith (pictured), ACG...  Continue reading

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Posted on May 28, 2009 at 2:20 PM
Filed under: Acquisitions | CD Community | Middle market | People | Trends
Tagged: FAO Schwarz , Gibson Dunn & Crutcher , Macy's , Rashida LaLande , Toys"R"Us

The fact that Toys 'R' Us Inc. is acquiring FAO Schwarz has deeper deal meaning to Rashida LaLande, a partner with Gibson Dunn & Crutcher LLP's private equity and merger and acquisitions practices in New York. LaLande (pictured) opines:"This acquisition reflects a trend that we are seeing among some...  Continue reading

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