20 result(s) displayed (1 - 20 of 20):
On Jan. 3, Ford Motor Co. chose India's Tata Motors as the preferred bidder for its British luxury brands, Jaguar and Land Rover, and the two firms may announce a deal as early as Wednesday for over $2 billion, the WSJ reported. Ford is unloading the...
Posted on March 25, 2008 2:47 PM
Microsoft Corp. Friday announced 14 executive promotions -- seven new senior vice presidents and seven new corporate vice presidents. Among those receiving new titles is Satya Nadella, now SVP of search, portals and advertising. PC World magazine suggests MSFT is shuffling to prepare for...
Posted on February 15, 2008 10:27 AM
Sunnyvale, Calif.-based Yahoo! Inc., losing search market share to Google Inc., is at a restructuring crossroads. The company's 2007 fourth-quarter results are tugging the share price down: Net income went from $268.7 million in the fourth quarter 2006 to $205.7 million, about a 23.4% drop. As expected, co-founder and CEO...
Posted on January 30, 2008 2:33 PM
After being sold by Daimler AG last summer, Chrysler has been aggresively pursuing partnerships. At last weekend's North American International Auto Show, Chairman and Chief Executive Bob Nardelli said the firm would...
Posted on January 15, 2008 11:19 AM
Nearly two years after announcing a half billion dollar deal, Norcross, G.A.-based Rock-Tenn Co. last night announced another bolt-on acquisition. The maker of packaging and merchandising displays will acquire the stock of Southern Container Corp., a privately-held containerboard manufacturing and corrugated packaging business, for $851 million in cash. The...
Posted on January 11, 2008 12:18 PM
The world's largest steelmaker has made its fourth acquisition in as many months in Latin America. The last three totaled over $2 billion. ArcelorMittal Wednesday announced a deal to acquire Unicon, the leading manufacturer of welded steel pipes in Venezuela. ArcelorMittal's president and CEO Lakshmi Mittal has been a busy...
Posted on January 9, 2008 2:49 PM
Corn-based ethanol fuels arguments as well as cars. As Congress considers legislation to extend subsidies, opponents are mobilizing. Oil companies say market demand should drive growth, the livestock and poultry lobby complains about soaring feed prices, and environmental groups fear possible soil and water degradation. Wall Street has turned...
Posted on December 15, 2007 10:47 AM
Nike could pressure Adidas in Europe as it puts its marketing muscle and financial resources behind the Umbro brand.
Posted on December 15, 2007 10:33 AM
Combining the two is logical, but sure to be challenging. Experience gained in the recent restructuring of both companies will be vital.
Posted on August 15, 2007 7:43 PM
The Players: News Corp. and General Electric Co.'s NBC Universal Inc. Both have major holdings in film, television and cable networks. The Plan: News Corp. and NBC Universal are creating a joint venture for online distribution of entertainment content, including full-length television programs and clips, and feature-length films. Set...
Posted on August 15, 2007 4:42 PM
Integrating the IP of the newly formed telecom giant is a big job with major implications - for both the company itself and its competitors.
Posted on June 15, 2007 3:42 PM
The Players: French retailer PPR SA, owner of luxury brands including Gucci, Yves Saint Laurent, Alexander McQueen and Stella McCartney, and retail businesses with holdings in home furnishings, appliances, automobiles, pharmaceutical products; and Puma AG, the German maker of sportswear and accessories. The Plan: PPR, which posted 2006 sales...
Posted on June 15, 2007 9:54 AM
Public Service Enterprise Group's new strategy chief knows the company well, which will surely come in handy as he helps plot a course following its failed megamerger with Exelon Corp. Stephen Byrd, a former investment banker in the power group at Morgan Stanley, has worked with PSEG since the...
Posted on April 15, 2007 2:09 AM
It takes a long time to know whether a deal was a good idea - but try explaining that during an annual review.
Posted on February 15, 2007 1:52 AM
When Foster's bought wine producer Southcorp, the challenge was talent retention. Other dealmakers cite other major human resource issues. And all agree: Lose sight of them, and you risk losing the value of the deal.
Posted on December 15, 2006 11:35 PM
A partnership to pursue unified communications might make a big difference -- once the two sides settle the details and show they can work together.
Posted on October 15, 2006 5:52 PM
Gold fever (from Corporate Dealmaker)
The Players: Toronto-based mining company Yamana Gold Inc., which has mines in Brazil and development-stage properties in Brazil and Central America; Vancouver, British Columbia-based Viceroy Exploration Ltd., owner of an Argentine gold deposit. The Plan: Yamana is paying $515 million for Viceroy. Viceroy CEO Patrick Downey will join Yamana's...
Posted on October 15, 2006 5:11 PM
Failing to develop a detailed budget for acquisition integration can sabotage the very synergies that drove the deal in the first place.
Posted on June 15, 2006 8:24 PM
Key to Procter & Gamble Co.'s pending $57 billion acquisition of Gillette Co. are the $14 billion to $16 billion in cost savings the consumer products giant expects to wring from the combination. While those projected synergies have multiple sources, a significant one is the expectation that P&G can...
Posted on April 15, 2005 3:24 PM
Michael Frankel may be only 35, but he's seen dealmaking from just about every vantage: as a lawyer at Skadden Arps, as an i-banker at Merrill Lynch and as a corporate development vice president and then general manager at VeriSign Inc. Those experiences - combined with a knack for...
Posted on February 15, 2004 4:49 PM
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