25 result(s) displayed (1 - 25 of 33):
Banks have spent nearly two years downsizing through workforce reductions and other cost-cutting measures. Now many are turning to technology to further drive efficiency and to help maintain service levels. That in turn is attracting a variety of investors to financial services technology, or fintech, firms with the tools to...
Posted on October 30, 2009 8:00 AM
The technology M&A marketplace is set for a rebound, driven by a convergence of higher stock prices and a willingness among buyers to "loosen the purse strings" after months of cash conservation. So says Jeff Bistrong, managing director with the middle-market-focused investment bank Harris Williams & Co. In this edition...
Posted on October 28, 2009 12:37 PM
Fewer retailers are filing for bankruptcy than in the first half of 2009. That's what Cory Lipoff, a vice president with the strategic advisory and reorganization firm Hilco Merchant Resources LLC told us in this interview. For those retailers already in bankruptcy, however, the ability to reorganize is more difficult...
Posted on October 20, 2009 11:09 AM
After a rash of high-profile retail bankruptcies in the first half of 2009, the number of filings has slowed. "It's been quiet," says Cory Lipoff, executive vice president with the strategic advisory and reorganization firm Hilco Merchant Resources. In this edition of Inside The Deal, Lipoff says many retailers have...
Posted on October 16, 2009 8:15 AM
The lack of credit available to buyers remains a big deterrent to M&A. But the inflated price expectations of many sellers is as big an obstacle, says Joseph Berkery, founder of the investment bank Berkery Noyes & Co. LLC. In this edition of Inside The Deal, Berkery says, "Prices are...
Posted on October 6, 2009 7:00 AM
Joseph Berkery has lived through his share of M&A cycles. The difference between the present downturn and similar slowdowns, according to the founder of investment bank Berkery Noyes & Co. LLC, is this one is "deeper and shorter." In this edition of Inside The Deal, Berkery says the rebounding stock...
Posted on October 1, 2009 1:15 PM
Investing in an emerging market is almost always daunting. It's even more so in an economy as volatile as the present one. Still, Carla Zilka, founder of the global restructuring firm NexGen Advisors LLC, says for strategic and financial investors with the capital to do so, now is a good...
Posted on September 16, 2009 10:55 AM
The number of 363 sales of assets in bankruptcy cases has increased as the economy collapsed. That's not a surprise. In an illiquid market, struggling debtors have fewer options to raise capital. But Richard Hahn, who co-chairs the bankruptcy and restructuring group at Debevoise & Plimpton LLP, says there's a...
Posted on September 14, 2009 1:24 PM
The Securities and Exchange Commission voted on July 1 to eliminate broker discretionary voting in uncontested board elections. Under the new rule, which goes into effect in January, brokers will no longer be able to cast votes for shareholders who don't return voting material unless instructed to do so. The...
Posted on August 31, 2009 2:22 PM
Opposition to the Security and Exchange Commission's proposed proxy access rule is solidifying. The rule, which the SEC will consider in November, would allow shareholders who meet certain requirements -- including owner thresholds based on company size -- to have...
Posted on August 26, 2009 10:34 AM
Two years ago John Zieser rarely heard from private equity or venture capital firms interested in partnering on deals. Now Zieser, who leads corporate development for the media company Meredith Corp, (NYSE:MDP), says he's having those conversations almost daily on both the traditional and new-media side. And those discussions have...
Posted on June 17, 2009 7:00 AM
The biggest obstacle to getting deals done in the current economic environment is not the lack of financing, it's actually having buyers and sellers agree on a price, said Joel Papernik, a partner with Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC. "Valuation is the biggest factor" in the low...
Posted on June 10, 2009 2:03 PM
The renewable energy sector is getting lots of attention from investors, both strategic and financial. And, with billions in federal incentives becoming available, an even greater flow of dollars into solar and wind power, electric cars, alternative fuel production and other green technologies is expected. In this edition of Inside...
Posted on May 26, 2009 2:22 PM
It was big news when the California Public Employees' Retirement System and the California State Teachers' Retirement System announced they'd be voting against Bank of America Corp.'s (NYSE:BAC) board of directors in April. The pension funds joined a chorus of large shareholders who'd already announced their intention to do the...
Posted on May 21, 2009 10:39 AM
The number of distressed M&A transactions doubled between 2007 and 2008 and will continue to increase, says Frank Aquila, a partner in the M&A group at Sullivan & Cromwell LLP. In this edition of Inside The Deal, Aquila says there is a "staggering amount" of high-yield debt coming due in...
Posted on May 15, 2009 3:40 PM
Selling an asset or a company in this uncertain financial climate is a challenge. Negotiating a transaction is even more difficult if you're a seller in distress. In this edition of Inside The Deal, Mark Sponseller, a managing director in the transaction advisory group at Alvarez & Marsal, says dedicating...
Posted on May 5, 2009 11:44 AM
Nixon Peabody LLP's Dominick DeChiara,on why sellers need to adjust expectations in what remains a buyers market.
Posted on April 16, 2009 5:41 PM
Pfizer Inc. hopes to close its $68 billion deal to buy Wyeth by the end of 2009. To get there it will have to pass muster with antitrust regulators and credit agencies. Then the real work of integration begins. In this edition of Inside The Deal, Robbert van Batenburg, head...
Posted on February 16, 2009 12:53 PM
All-time low valuations and fewer defenses against unsolicited bids will lead to more hostile deals in 2009. But according to Jim Woolery, a partner with Cravath, Swaine & Moore LLP, much of that activity will take place outside of the public arena. In this edition of Inside The Deal, Woolery...
Posted on January 28, 2009 1:13 PM
Despite dismal economic conditions and sluggish M&A activity, there is cause to be optimistic about dealmaking in 2009, according to Bob Profusek, global head of M&A for Jones Day. In this edition of Inside The Deal, Profusek tells Suzanne Stevens that the M&A market will rebound this year for a...
Posted on January 16, 2009 5:08 PM
Projections for M&A activity in the first quarter may be dismal, but dealmaking could pick up as the new presidential administration settles in. In this edition of Inside The Deal, David Carney, a principal in Deloitte Consulting LLP's M&A practice, lays out five megatrends that will drive dealmaking in 2009....
Posted on January 14, 2009 5:44 PM
In this edition of Inside the Deal, Anil Gupta, professor of strategy at the Smith School of Business and author of the forthcoming book Getting China and India Right, tells Suzanne Stevens that the opportunity to acquire attractive targets in those developing countries - at bargain prices - has never been better.
Posted on December 30, 2008 10:15 AM
A Chapter 11 filing is the best option for General Motors Corp. and Chrysler LLC because it's the only way to force all stakeholders to the negotiating table. So says Jeff Marwil, a partner at Winston & Strawn LLP. In this edition of Inside The Deal, Marwil, who heads the...
Posted on December 16, 2008 4:38 PM
New merger accounting rules that took affect Monday will have far-reaching implications for how deals are analyzed and structured. In this edition of Inside The Deal, Stamos Nicholas of Deloitte Financial Advisory Services tells Suzanne Stevens that FAS 141R requires that transaction costs, including earnouts and in-process R&D, must...
Posted on December 15, 2008 5:17 PM
Expect more antitrust lawsuits as the economy seeks bottom. So says Michael L. Keeley, a partner in the antitrust group of Axinn, Veltrop & Harkrider LLP. In this edition of Inside The Deal, Keeley tells Suzanne Stevens that two factors are in play: the likelihood of companies in a recession...
Posted on December 2, 2008 1:55 PM
1
2
Next
Movable Type search results powered by Fast Search