— Aug. 10, 2009 —
Cover story
By Richard Morgan
The Smith brothers controlling Sinclair Broadcasting may be sincere about dealing with a debt problem at a closely held company, but no one really believes them. Could this be a dynasty-ending shenanigan?
Table of contents
Cover Story
By John Blakeley |
judges in the trio of huge, crisis bankruptcies rushed the cases through to approve so-called section 363 sales. This has some lawyers worried about the future of creditors' due process rights
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M&A activity may have stalled during the first half of the year, but deal lawyers still had plenty to talk about.
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Deal Diary
By David Marcus |
The healthcare sector was hot in July, with two of the three largest deals of the month: Sanofi-Aventis agreed to pay Merck $4 billion for joint venture Merial, and Bristol-Myers Squibb is buying Medarex for $2.4 billion.
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Deal Diary
By Vipal Monga |
Despite tapping Evercore's Roger Altman and Morgan Stanley's Ruth Porat, who advised the Fed on AIG, troubled CIT still failed to secure government assistance.
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Deal Diary
By David Marcus |
With Agilent, Amazon.com and IBM making acquisitions, there is no lack of work for technology advisers.
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Deal Diary
By Matthew Wurtzel |
As bank failures accelerate, the FDIC has had to get creative to handle the disposals. Enter the veterans of bank failures past.
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Movers and Shakers
By Christine Idzelis |
Bob Nardelli ran Chrysler for Cerberus. Now he's overseeing operations of other Cerberus portfolio companies.
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Movers and Shakers
By Neil Sen in London |
Moelis & Co. continues to expand in Europe with a goal of becoming a full service investment bank.
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Movers and Shakers
By Chris Nolter |
Quinton Jay joins Sam Bronfman's wine-focussed mezzanine fund Bacchus Capital.
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Regulatory
By Bill McConnell |
Geithner yells at bank regulators, but they keep opposing the administration's overhaul plans anyway.
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A conversation with former Pfizer, now University of California, San Francisco, biotech veteran Corey Goodman.
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Bankruptcy
By Andrew Bulkeley |
As Arcandor's self-administration unravels, does debtor-in-possession bankruptcy have a future in Germany? One expert says that because of the Arcandor failure, such cases will become even more rare.
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View from the City
By Jonathan Braude |
PE firms are marketing their portfolio company IPOs to raise cash, not create a profitable exit. Will investors bite?
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Capital Calls
By Vyvyan Tenorio |
Many predicted a booming market in LP private equity assets. It hasn't happened — yet.
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Dealmakers
By Kenneth Klee |
In a buyer's market, scrutiny of both risks and business basics is at an all-time high. That can mean deeper looks into everything from customer and supplier relationships to the provenance of key patents.
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Venture Capital
By Olaf De Senerpont Domis |
Amid unprecedented turmoil in venture portfolios, one cash-rich startup buys out its VC backer.
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Follow the Money
By Vipal Monga |
In a complex maneuver, KKR wipes out debt in three CLO funds to improve liquidity and help itself.
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Arbitrage
By Scott Stuart |
Oracle's proposed $7.4 billion acquisition of Sun is on track for summer close; Addax Petroleum's $8.5 billion purchase by Sinopec also nears close and more.
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Editor's Note
By Robert Teitelman |
Wall Street is a living embodiment of what Joseph Schumpeter famously called creative destruction.
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Deals
By Robert Teitelman |
Euphoria produced anxieties as the flood of liquidity spawned a variety of new life forms, many of them crawled from the stuffed-to-the-gills hedge fund world.
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Media Maneuvers
By Yvette Kantrow |
Aggressive and unrepentant ignorance seems to be the order of the day. If you don't know what the Fed does, how can you blame it for anything?
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Backstory
By Chris Nolter |
Things may look dire out there for media properties supported by advertising. But Veronis Suhler is upbeat.
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Safe Harbor
By David Marcus |
Regardless of when law firms recover, associates will feel the impact of the recession for a long time to come. Morgan, Lewis & Bockius has recently canceled its 2010 summer associates program and has said it would put an end to lockstep compensation for associates.
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Rules of the Road
By Cecile Kohrs Lindell |
The FTC tries finally to end Generics' pay-for-delay Deals with branded pharma. But will it survive the healthcare reform?
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Bankruptcy
By Stephen A. Gould and James F. Coffey |
A down market is often the best time to acquire a business, snap up strategic assets, or simply recapitalize or restructure for the future
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Industry Insight
By Daniel P. Bender |
Consumer prices have risen for two consecutive months and commodity prices may also increase.
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Judgment Call
By Peter Wand and Daniel Wiedmann |
An amendment to the German Foreign Trade Act authorizes the federal government to prohibit certain foreign investors from buying stakes of 25% or more in German companies if such acquisition would endanger 'public order' or 'public security.'
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