Posted on June 23, 2009 at 12:03 PM
Filed under: Corporate Strategy | Counterparties | Distressed Investing | Middle market
Tagged: Gannett Co. , McClatchy Co.

As if Google weren't menace enough, newspaper companies are finding themselves undermined by another modern innovation: the credit default swap.In the cover story for the The Deal magazine published Monday, Richard Morgan tells about the dire situation Gannett Co. (NYSE:GCI) finds itself in after nearly three-quarters of bondholders, hedged with...  Continue reading

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Posted on June 15, 2009 at 9:00 AM
Filed under: Acquisitions | Corporate Strategy | Distressed Investing
Tagged: Deal Pipeline , distressed M&A , Frank Aquila

It's been nearly six months since we reported in The Deal magazine that more and more corporate acquirers were eying the distressed market for potential targets. So, did they arrive? If we narrow the definition of distressed deals to transactions involving a bankrupt seller, the answer is yes. According to...  Continue reading

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Posted on May 1, 2009 at 10:46 AM
Filed under: Detroit Breakdown | Distressed Investing | Divesting and Restructuring
Tagged: Chrysler llc , general motors corp

President Obama pushed Chrysler LLC into bankruptcy court on Thursday, saying the move was forced by a "handful of speculators" -- in other words, the minority of the automaker's secured creditors who refused to go along with a government-designed deal that aims to leapfrog the unsecured claims of the United...  Continue reading

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Posted on March 12, 2009 at 12:13 PM
Filed under: Distressed Investing | Divesting and Restructuring
Tagged: Avaya Inc. , Cisco Systems , Gores Group , Nokia Siemens Networks , Nortel Networks Corp.

If telecom supplier Nortel Networks Corp. (NYSE:NT) should liquidate instead of re-emerging from bankruptcy, it looks like there's plenty to sell. According to The Wall Street Journal and other media reports, Nortel is in talks about selling its enterprise unit and wireless equipment business. Nokia Siemens Networks, Avaya Inc. (NYSE:AV),...  Continue reading

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Posted on March 6, 2009 at 9:04 AM
Filed under: Acquisitions | Best Practices | Corporate Strategy | Distressed Investing | Information Technology | Outsourcing
Tagged: BK Modi , Hinduja Global Solutions , IBM , Larsen & Toubro , Ramalinga Raju , Satyam Computer , Spice Group

The Securities and Exchange Board of India, which recently eased takeover regulations, approved a majority sale of Satyam Computer Services Ltd. (NYSE:SAY), the subject of India's greatest corporate scandal. Buying into the IT outsourcer is tricky.On one hand you have an otherwise attractive company that had its $7 billion valuation...  Continue reading

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Posted on February 24, 2009 at 9:44 AM
Filed under: Acquisitions | Corporate Strategy | Distressed Investing | Growth Strategy
Tagged: distressed assets , John Zieser , magazines , Meredith Corp , television

Distress in the media industry has created a deep pool of bargain-priced targets. But that doesn't mean it's easy for well-financed corporate buyers like magazine publisher and television and digital media operator Meredith Corp. to scoop up distressed assets. In this edition of Inside The Deal, Meredith chief development officer...  Continue reading

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Posted on January 26, 2009 at 3:18 PM
Filed under: Distressed Investing
Tagged: bankruptcy , distressed Investing , Jonathan Rosenthal , M&A , restructuring , Saybrook , video

Saybrook's Rosenthal explained that strategics are investing in distressed companies, but there are challenges.  Continue reading

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