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Saturday, November 21, 
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Entries tagged "Slate"

CIT plus Skadden doesn't equal Ch. 11, right now

CIT says it's hired Skadden for general legal purposes, but the market will likely assume the move is in preparation for a Chapter 11 filing.


Roll Call: Jan. 15, 2009

Wondering where the Citigroup Inc. nationalization chatter started? Dealbreaker offers an interesting theory. Private equity firms have put the breaks on limited partners selling fund stakes on the secondary market because of tax concerns, but as peHUB explains, where there is a will, there is a way around the restrictions. Dealscape's affiliate Corporate Dealmaker notes that the corporate bond market is beginning to thaw. Deal Journal offers an explanation of how even junk offerings are getting done despite the credit crisis. News Wednesday that Apple Inc. CEO Steve Jobs would take a leave of absence from the company prompted the...


Roll Call: Dec. 18, 2008

Slate has uncovered an essay from Bernard Madoff's accountant, David Friehling. Rather than keeping Madoff's books honest, he was off gallivanting across Europe, where he evidently was amazed that Europeans had ATMs. By the way, ClusterStock notes Friehling hasn't been seen since Madoff was arrested. Maybe someone should check his ATM records. From essays, Dealscape turns to poems. Nomura Securities International Inc.'s chief economist David Resler thought it would be cute to write a holiday poem about the bad economy, notes Deal Journal. Whoever first called economics the dismal science evidently never met Resler. On the topic of the dismal...


Sign of the Apocalypse: Blodget, Spitzer as colleagues?

Another sign the end times are near: Eliot Spitzer, the disgraced former New York governor, has joined the staff of The Washington Post's online news magazine Slate, which also happens to employ one of Spitzer's old targets from his attorney general days, deposed Merrill Lynch & Co. analyst Henry Blodget. One might think that circumstance would create for an awkward Christmas party, but surprisingly Blodget, writing on his Silicon Alley Insider blog, is looking forward to it. - Matthew Wurtzel See Spitzer's first column from Slate See Blodget's reaction to the news from Silicon Alley Insider ...


Roll Call: Dec. 3, 2008

Slate's Moneybox columnist Dan Gross nominates his choice for this year's world's worst banker, and the choice may surprise you (hint, U.S. bankers like Jimmy Cayne and Dick Fuld were only runners-up). On the subject of bad bankers, should Sandy Weill be included in that list? Time magazine's The Curious Capitalist blogger Justin Fox questions the wisdom of Weill's coup de grace, the merger of Citicorp and Travelers, which created Citigroup Inc. He never goes so far as to call Weill a bad banker, but instead suggests that his successors weren't up to the task of managing what he created....


TMA Wrap-up: Creditor demands can skew fiduciary duty

It's not easy leading a distressed company, much less a bankrupt one. That's obvious, of course, but the point was hammered home by the panelists, such as Harvey Miller of Weil, Gotshal & Manges LLP (pictured.), and the moderator of an educational session at the Turnaround Management Association annual convention in New Orleans on Wednesday. ...


Soapbox: Netsmart to Guttman

In The Deal NewsWeekly Edward B. Micheletti and Rachel J. Barnett of Skadden, Arps, Slate, Meagher & Flom LLP argue that in Delaware, circumstances that cause Chancery to look askance at an LBO may not bother the court in a strategic deal.Not long ago, the subprime mortgage crisis was a blip on the horizon, private equity deals were all the rage and no one could even imagine an economic recession. It may now seem like a distant memory, but this was just last year. In fact, throughout the first half of 2007, the Delaware Court of Chancery was repeatedly called...


Just In: Advisers on Mars-Wrigley

A host of advisers weighed in on Mars Inc.'s $23 billion deal for Wm. Wrigley Jr. Co. Goldman, Sachs & Co. was financial adviser to Wm. Wrigley in connection with the deal and placement agent for the securities to Berkshire Hathaway Inc. The team included Byron Trott, Adam Taetle, Kelly Rainko, Stefanie Jay, Robbie Robinson, Lauren Polo and Clayton Hanson. William Blair Inc. was also financial adviser to Wrigley and offered a fairness opinion. A Skadden, Arps, Slate, Meagher & Flom LLP team led by William Kunkel that included partners L. Byron Vance, Lynn McGovern, Cliff Aronson, James Venit, Michael...



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Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


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Crisis On Wall Street
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Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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