Posted on July 2, 2009 at 2:04 PM
Filed under: Corporate Strategy | Detroit Breakdown | Divesting and Restructuring
Tagged: chrysler , general motors , NADA

Can auto dealers do anything to fight back against the mass closings ordered by General Motors Corp. and Chrysler Group LLC, and the changes being required of those dealers who are retaining their franchises? Not a whole lot, according to National Automobile Dealer's Association chairman John McEleney, speaking on CNBC...  Continue reading

[ Share ]  [ E-mail]  [ Leave a Comment ]  [ Full Story ]

Posted on July 2, 2009 at 10:43 AM
Filed under: Corporate Strategy | Detroit Breakdown | Divesting and Restructuring
Tagged: cato institute , general motors corp.

The deadline is July 10. The Feds won't fund bankrupt General Motors Corp. past then, we learned Wednesday, so unless the court approves a 363 sale and the creation of the new GM by, let's see, a week from Friday, we're looking at liquidation. This and much more about what...  Continue reading

[ Share ]  [ E-mail]  [ Leave a Comment ]  [ Full Story ]

Posted on July 2, 2009 at 8:44 AM
Filed under: Corporate Strategy | Divesting and Restructuring
Tagged: BHP Billiton , Rio Tinto

The Deal Pipeline (subscription required) shows investors signed up to buy 96.97% of new Rio Tinto Group stock, worth about £7.1 billion ($11.7 billion). Though this helps quite a bit with its massive debt burden -- mostly incurred from its $38 billion acquisition of aluminum company Alcan in 2007...  Continue reading

[ Share ]  [ E-mail]  [ Leave a Comment ]  [ Full Story ]

Posted on July 1, 2009 at 2:52 PM
Filed under: Corporate Strategy | Divesting and Restructuring | Joint Ventures and Alliances
Tagged: paramount , Viacom Inc.

The business is profitable but not growing, and one of these days it will start shrinking. Several rivals are in exactly the same boat.It's a classic recipe for co-opetition -- in this case, combining manufacturing and back-office operations in a joint venture with one or more rivals to cut costs,...  Continue reading

[ Share ]  [ E-mail]  [ Leave a Comment ]  [ Full Story ]

Posted on July 1, 2009 at 9:14 AM
Filed under: Corporate Strategy | Divesting and Restructuring | Middle market
Tagged: AB InBev , Ball Corp. , beer distributors , Carlos Brito , CVC Capital , KKR , Labatt , Oriental Brewery , Tsingtao Brewery

On March 5, Anheuser-Busch InBev said it would divest about $7 billion worth of assets to deal with short-term debt after the November Euro-U.S. merger of InBev SA and St. Louis-based Anheuser-Busch Cos., which created the world's No. 1 brewer. It's full debt load after the deal was $45 billion.Most...  Continue reading

[ Share ]  [ E-mail]  [ Leave a Comment ]  [ Full Story ]

Posted on July 1, 2009 at 8:39 AM
Filed under: Careers | Corporate Strategy | Middle market | Movers & Shakers | People
Tagged: AOL , Colbert Narcisse , FDIC , Gregory Webster , HSBC , Ivar Eilertsen , Ken Kharbanda , Merrill Lynch , Petrina Dawson , Thomas Shelton

With advice from M&A veterans such as Merrill Lynch & Co.'s former COO of Americas investment banking, Colbert Narcisse, and Ken Kharbanda, AOL LLC's former head of corporate development, startup People Capital is looking to address a growing problem in the U.S. resulting form the economic crisis. The firm is...  Continue reading

[ Share ]  [ E-mail]  [ Leave a Comment ]  [ Full Story ]

Posted on June 30, 2009 at 4:44 PM
Filed under: Corporate Strategy | Divesting and Restructuring | Growth Strategy | Joint Ventures and Alliances
Tagged: areva sa , Constellation Energy Group , mitsubishi heavy industries

French nuclear engineering giant Areva SA is expected to put its transmission and distribution business up for sale to finance new investment, Paris-based Paul Whitfield reports on The Deal Pipeline (subscription required).The decision, and a related move by state-controlled Areva to seek outside investors, is the latest example of the...  Continue reading

[ Share ]  [ E-mail]  [ Leave a Comment ]  [ Full Story ]

Posted on June 30, 2009 at 1:51 PM
Filed under: Acquisitions | Best Practices | Corporate Strategy
Tagged: 3PAR , Commvault , dell inc. , ibm corp , NetApp

It remains to be seen how long IBM Corp.'s (NYSE:IBM) suit against David Johnson, the company's former VP of corporate development, will impede him from taking up his full responsibilities in a similar role at rival Dell Inc. (NASDAQ:DELL).Meanwhile, there's a new report from the 451 Group to remind us...  Continue reading

[ Share ]  [ E-mail ]  [ Leave a Comment ]  [ Full Story ]

Posted on June 30, 2009 at 9:56 AM
Filed under: Corporate Strategy | Movers & Shakers
Tagged: facebook inc. , genentech , roche ag

For some people, Roche Holding AG's takeover of Genentech Inc. was bad news. For others, good. Put Facebook Inc. CEO Mark Zuckerberg in the latter category. After Roche took over, the biotech giant didn't need its own CFO, which made David Ebersman available to become CFO at the  social networking...  Continue reading

[ Share ]  [ E-mail]  [ Leave a Comment ]  [ Full Story ]

Posted on June 29, 2009 at 3:29 PM
Filed under: Acquisitions | Corporate Strategy | Deal International | Growth Strategy | Joint Ventures and Alliances | Middle market | Sector Watch | Trends
Tagged: Bayer , Eli Lilly , FCCB , Merial , Novartis , Pfizer , Provimi , Sanofi , Vétoquinol , Virbac , Wockhardt , Wyeth

In a broader effort to focus on its human pharmaceutical business and raise cash (as well as investor confidence), Indian generic drug maker Wockhardt Ltd. is selling its animal health division to France's Vétoquinol. The deal marks Vétoquinol's entrance into India. Earlier this month, Wockhardt sold its German business Esparma...  Continue reading

[ Share ]  [ E-mail]  [ Leave a Comment ]  [ Full Story ]