The Deal
Sunday, November 22, 
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Entries tagged "investors"

Johnstone and Kruszewski on client trust

Davidson's William A. Johnstone and Stifel Nicolaus' CEO Ronald J. Kruszewski spoke about investor trust and compensation at the SIFMA annual meeting.


AIG investors get $843M

More than 257,000 American International Group investors will receive over $843 million in a lawsuit settlement.


Bank of America investors react to earnings

Bank of America's (NYSE:BAC) earnings topped analysts' expectations, but investors are still not pleased with the recent moves made by CEO Ken Lewis.


Video: Foley's Garai on tech startup survival

Foley's Gabor Garai speaks to The Deal's Suzanne Stevens about what startups are doing to survive and what investors are doing to protect investments.


Still angry? Vent at Bearsucks.com

There is a new Web site for shareholders or employees of Bear Stearns Cos. who want to vent their frustrations. The Web site is called Bearsucks.com: The Demise of Bear Stearns. There are several forums including: For Bear Employees, Jimmy Cayne, For Interested Outsiders and For Shareholders. - The editors...


Bear Stearns support group forming

Having a hard time dealing with the highs and lows of the Bear Stearns Cos. saga? Well, there is a support group for former and current Bear Stearns employees and investors forming in New York, according to a post on Craigslist. Odds are, more support groups will pop up elsewhere. Anyone hear of any others? - Maria Woehr ...


Mergers & Acquisitions Institute: Harvey Miller talks about buyouts, and airbags

Forgive Harvey Miller, the famed bankruptcy attorney at Weil Gotshal & Manges LLP, if he was a little distracted at the Mergers & Acquisitions Institute in Dallas Thursday, where he spoke as part of a panel on restructuring leveraged buyouts. His wife called him to say she had some bad news. He told her he couldn't deal with any bad news, as he was on his way to the conference. "She said how about some good news?" he said. "The side airbags on the new Mercedes really work." The story provided some levity for conference attendees, mostly made up of in-house and...


This date in deal history: NBC launches new soap

May 4, 1964: “Another World” begins a 35-year run as a daytime soap opera on NBC. While the show provided early work for such now well-known actors as Kelsey Grammer, Ray Liotta, Brad Pitt, Kyra Sedgwick and William H. Macy, its significance to the business world stems from the character of Wayne Addison—a crooked dealmaker. Wayne swept into Bay City during the 1969 season, looking for con victims and romancing the wealthy widow Liz Matthews as a backup plan in case none of his schemes worked out. After Congress defeats the big anti-merger bill, Steve Frame, owner of Frame Enterprises,...


Delphi battle royale slated for May 14

The showdown everyone's been waiting for is drawing near as the UAW has given its 24,000 members who work for bankrupt autoparts maker Delphi Corp. the go-ahead to strike if the bankruptcy court terminates Delphi's contracts. The former General Motors Corp. subsidiary petitioned the court earlier this week after threatening to do so following failed talks with its UAW locals. The strike could be devastating to both Delphi and GM, which has been trying to help the two sides by offering employee buyouts. However, GM's refusal to accept more buyouts and higher prices from Delphi have pushed the supplier into...


Executive decisions

Two major companies underwent management shuffles late Wednesday. Morgan Stanley announced appointing co-presidents, Zoe Cruz and Robert Scully to head the bank last night. Cruz has served as acting president since July and Scully has been with the bank since 1996. The two will carve up duties evenly, according to a company statement. Also Wednesday, Internet telephony group Vonage Holdings Corp. said in a regulatory filing that it would go public, with plans to raise $250 million in its IPO, and concurrently will install a new CEO. Michael Snyder, a veteran of Tyco International Ltd.'s security subsidiary ADT Security...


Disney deals again

Another Disney move tops headlines this morning. The long-expected merger of the company’s radio assets happened Monday with a $2.7 billion deal that united its ABC Radio division and Citadel Broadcasting Corp. The new company will be the nation’s third-largest radio player. Two weeks ago, Disney’s movie arm agreed to acquire Pixar Animation Studios Inc. for $7.4 billion. This news also comes just months after Susquehanna Pfaltzgraff Co. sold its radio assets to a bidding team from Cumulus Media Inc., Bain Capital LLC, Blackstone Group LP and Thomas H. Lee Partners LP for $1.2 billion. At the same time, Susquehanna...


Buy the books

The No. 5 book publisher in the U.S. will soon call itself part of the world’s third largest — France’s Lagardère SA on Monday announced plans to take Time Warner Book Group from New York media titan Time Warner Inc. for $537.5 million. The publishing unit, with imprints such as Warner Books and Little Brown, is the latest arm of the world’s largest media company to go on the block. Thomas H. Lee Partners LP acquired Warner Music Group for $2.6 billion last February. Also on TheDeal.com, read an examination of old versus new media and the status of online...



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


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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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