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John Smith, the group vp who is General Motors Co.'s (NYSE:GM) chief negotiator for the sale of a stake in the company's Adam Opel GmbH unit, has some advice for people following this tangled auction: Don't believe everything you read in the press about it. Specifically, don't put much credence...
Posted on August 6, 2009 5:25 PM
Anthony Barone must be pretty busy these days.Barone is the veteran auto parts exec (Tower Automotive LLC and J.L. French Automotive Castings Inc. are among the names on his resume) who leads automotive operations for RHJ International SA, the listed Belgium-based industrial holding company where Tim Collinwood of private equity...
Posted on July 31, 2009 10:04 AM
Using the blogosphere to help manage an auction is a tricky process. On Wednesday we were among those commenting on a Tuesday blog post by General Motors Co. group VP John Smith about the state of the auction for GM's Adam Opel GmbH unit. In his post Smith complained that...
Posted on July 30, 2009 10:34 AM
Ever heard of an auction where the seller's chief negotiator writes a blog post complaining that a bidder has submitted a proposal inconsistent with the negotiations that led up to it -- the day after a provider of financing for the deal announces that the same bidder has increased the...
Posted on July 29, 2009 10:43 AM
Strategic dealmakers and private equity investors work together only once in a while. Could they team up more often? Whenever we've heard this question discussed at conferences, the consensus seems to be that such partnerships are interesting in theory but tough to pull off in practice. And that's even without...
Posted on July 20, 2009 12:00 PM
What's going on behind the scenes in the auction of General Motors Co.'s Adam Opel GmbH we can only guess. But it's probably safe to say that the sellers are both busy and encouraged. Because what's going on in public is that the potential buyers are speaking up about their...
Posted on July 13, 2009 9:30 AM
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