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| Articles about Acquisition |
| | Yahoo’s Board Examines Acquisition Alternatives | | 2008-04-11 19:25:03 | | Yahoo’s board of directors met Friday to consider Microsoft’s takeover offer. Yahoo has repeatedly rejected Redmond’s bid, calling it too low. But most analysts believe Microsoft is the most likely candidate to become Yahoo’s parent.
The urgent meeting comes on the heels of Microsoft CEO Steve Ballmer’s ultimatum letter to Yahoo’s board on April 5. Ballmer [...]
| | By: Strategist.org.uk - Business and Technology News | | |
| | New plan to speed up land acquisition for investment projects | | 2008-04-01 00:26:00 | | The government has found a proposal to set up a shareholding company to clear land for investment projects “acceptable.”
The Ministry of Natural Resources and Environment said the Ho Chi Minh City-based Duc Khai Joint Stock Company’s idea, submitted for the government’s approval earlier this year, might help speed up the land acquisition process that was often delayed by a funds shortage.
The | | By: Vietnam Business Finance News | | |
| | Eventos: Workshop on Lexical Acquisition and Teaching (ES) | | 2008-03-26 09:05:12 | | Em parceira com a APIES (Associação de Professores de Inglês do Espírito Santo) e Workshop Language School chegou a vez de Vitória e região me receberem mais uma vez. Seguem abaixo os detalhes do evento:
ENGLISH ON THE TIP OF THE TONGUE: Workshop on lexical acquistion and teaching
Local: Auditório do CEFETES em Vitória - ES
Data e [...] | | By: English Experts :: English Tips | | |
| | | | Google Completes USD 3.1 Billion DoubleClick Acquisition | | 2008-03-12 09:27:00 | | Google Inc.'s long-anticipated acquisition of online ad service DoubleClick Inc. is expected to turn the Internet search leader into an even more powerful marketing vehicle that's fueled by better insights about consumers.The $3.1 billion deal, completed Tuesday after nearly a year of regulatory wrangling, also may intensify the pressure on Microsoft Corp. and Yahoo Inc. to resolve their stormy courtship so they don't risk further distractions while Google tries to sprint further ahead in the ra | | By: Beta18>>Technology HotSpot | | |
| | | | Tata planning to sell Jaguar soon after acquisition? | | 2008-02-19 16:59:03 | | Tata planning to sell Jaguar soon after acquisition?
India's Tata Motors emerged as the preferred bidder for Ford's Jaguar and Land Rover brands, but it looks as though Tata prefers one luxury marque over the other. A new report finds that Tata will likely sell off the Jaguar brand as soon as it acquires it from Ford. "Jaguar will be spun off almost immediately," a source familiar with the situation told Inside Line. The news will likely catch Britain's labor unions off guard as they supported the sale of the brands to Tata in order to keep jobs in the UK. The Land Rover brand has far more support from Tata, but that doesn't necessarily mean that Land Rover's production will stay entirely — if at all — in the UK. The same source also told Inside Line that company head Ratan Tata has purchased a 450-acre plot of land outside New Delhi where he plans to build a Land Rover production facility. While Tata or Ford has yet to comment on the r | | By: Auto News: Car Reviews, Car News, Car Shows | | |
| | | Parkway Properties Announces $100 Million Acquisition in Chicago | | 2008-02-16 11:44:00 | | Located on 11.5 acres in the O'Hare submarket and within the city limits of Chicago, Illinois, the Propertyconsists of three interconnected, eleven-story Class A office buildings totaling 600,000 square feet. The Property was completed in phases between1980 and 1982 and underwent significant renovations in 2006. Citicorp Plaza enjoys a highly visible location adjacent to I-90 (Kennedy Expressway) at the Cumberland Avenue interchange and is also directly connected with the Cumberland station of the Chicago Transit Authority train system (Blue Line).
| | By: Chicago real estate news | | |
| | Crompton Greaves gains on acquisition | | 2008-02-13 21:50:00 | | The company made this announcement during trading hours today, 13 February 2008.Meanwhile, BSE Sensex was up 203.59 points or 1.23% to 16,811.60.On BSE, 67,267 shares were traded in the counter. The scrip had an average daily volume of 1.77 lakh shares in the past one quarter.The stock hit a high of Rs 293.30 and a low of Rs 276.50 so far during the day. The stock had a 52-week high of Rs 454 on 20 November 2007 and a 52-week low of Rs 172.05 on 28 February 2007.The mid-cap scrip had underperformed the market over the past one month till 12 February 2008, declining 24.46% compared to the Sensex`s decline of 19.88%. It had also underperformed the market in the past one quarter, declining 35.62% compared to Sensex`s decline of 16.66%.The company`s current equity is Rs 73.31 crore. Face value per share is Rs 2.The current price of Rs 280 discounts its Q3 December 2007 annualized EPS of Rs 7.41, by a PE multiple of 37.79.Crompton Greaves made this acquisition through wholly owned subsidiar | | By: Indian stock markets | | |
| | $81.6 Million Acquisition in Phoenix | | 2008-02-02 03:42:00 | | Parkway Properties, Inc. announced today the purchase of Desert Ridge Corporate Center (the "Property") on behalf of Parkway Properties Office Fund, L.P. (the "Fund"), for a purchase price of $81.6 million on January 31, 2008. Located on 14.8 acres in the North Central submarket of Phoenix, Arizona, the Property consists of two four-story Class A office buildings totaling 275,000 square feet and one 18,000 square foot multi-tenant specialty retail building.
| | By: Phoenix Real Estate News | | |
| | Microsoft Proposes Acquisition of Yahoo! for $31 per Share | | 2008-02-02 02:09:18 | | Microsoft Corp. today announced that it has made a proposal to the Yahoo! Inc. Board of Directors to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion. Microsoft’s proposal would allow the Yahoo! shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the total consideration payable to Yahoo! shareholders consisting of one-half cash and one-half Microsoft common stock. The offer represents a 62 percent premium above the closing price of Yahoo! common stock on Jan. 31, 2008.“We have great respect for Yahoo!, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market,” said Steve Ballmer, chief executive officer of Microsoft. “We believe our combination will deliver superior value to our respective shareholde | | By: ERP(Enterprise Resource Planning) Software Solutio | | |
| | Calibration of an orientation sensor for freehand 3D ultrasound and its use in a hybrid acquisition system | | 2008-01-24 08:25:00 | | AUTHORS : James Housden , Graham M Treece , Andrew H Gee and Richard W Prager Abstract (provisional)BackgroundFreehand 3D ultrasound is a powerful imaging modality with many potential applications. However, its reliance on add-on position sensors, which can be expensive, obtrusive and difficult to calibrate, is a major drawback. Alternatively, freehand 3D ultrasound can be acquired without a position sensor using image-based techniques. Sensorless reconstructions exhibit good fine scale detail but are prone to tracking drift, resulting in large scale geometrical distortions.MethodWe investigate an alternative position sensor, the Xsens MT9-B, which is relatively unobtrusive but measures orientation only. We describe a straightforward approach to calibrating the sensor, and we measure the calibration precision (by repeated calibrations) and the orientation accuracy (using independent orientation measurements). We introduce algorithms that allow the MT9-B potentially to correct both l | | By: BIOMEDICAL ENGINEERING | | |
| | | | | Bank Leverage in the Acquisition | | 2007-10-20 03:06:11 | |
It got crazy in the mid-80s, the days of the very highly leveraged buyouts. It settled down some, although it has come back a bit.
Adding leverage by using more bank debt rather than equity can help you improve your return on equity in an acquisition. And you’re putting less of your own equity or other investor’s equity up into the acquisition. However, like many things in life too much of a good thing is not a good thing. With a lot of bank debt and a transaction, there’s more risk, more money is going out to interest expense, cash flow has to be allocated towards paying down the debt that leaves less cash generating that can go towards operating the business.
If things fall short of the mark, it can turn out to be very precarious. In the worst case, it could mean that the company could go under. And no matter what the leverage when the company goes down, the return on equity is a multiplier times zero.
So how much is too much? Take a look at the cash flows that you expect to g | | By: Ask Jon Paul | | |
| | | Merger or Acquisition | | 2007-09-20 09:55:00 | | "When two rivers merge there will be turbulence, make sure you don't get drowned"Gordon WhyteTaken from a page on BNETYou should never pursue an acquisition deal unless the background legwork comes up perfectly clean. The reason is simple: anything that smells slightly fishy before the acquisition is likely to become toxic afterwards. Here are five red flags you must heed when you’re checking out the bona fides of a merger candidate.Red Flag #1: Most of the target firm’s revenues come from a business you don’t understand.Why It’s Red: The acquisition may have no coherent connection to your corporate strategy. If so, it’s unlikely that you’ll understand how to operate the acquired firm effectively, because the rules for operating in that market will remain foreign to you.Quote: “Back in the ‘80s there was this diversification craze and everybody was just buying anything that looked like it was making money. In most cases, they had no idea how to run the acquired company — other than run it into the ground.”— Edward Weiss, of Bregman, Berbert, Schwartz, and Gilday, and former general counsel for Group 1 Software, Inc., which acquired several firms and was later acquired itself by Pitney Bowes.Red Flag #2: The target firm has a radically different corporate culture.Why It’s Red: Integrating one company into another typically involves reassignments, layoffs, and relocations — all of which are difficult to manage. On top of that, you don’t want the added confusion caused by clashing management styles and differing ideas about how business should be conducted.Quote: “Merging organizations with incompatible ideas about how to do business always creates major problems. The different factions resist each other strenuously but not always explicitly, so it can be extremely complex to untangle the people issues.”— Richard Caro, CEO of Tangible Future, a San Francisco consulting firm that helps companies grow.Red Flag #3: A sudden, positive change in the target’s recent revenue or inventory.Why It’s Red: The data might reflect a one-time event rather than a sustainable change in the target’s ongoing business. Worst case, it might be an attempt to increase the valuation of the target firm by making it seem more attractive than it actually is.Quote: “You need to look at the deal holistically; anything out of the ordinary is cause to drill down and find out the straight story. For example, if the revenue spiked up last year, it might be because of a one-time big sale. If the inventory changes suddenly for no apparent reason, they may have been understating their inventory in the past to look more efficient.”— Rocco Pezza, president of the New England Brokerage Corporation, which advises small to mid-sized businesses on mergers, acquisitions, and financing.Red Flag #4: The target’s management seems desperate to go forward.Why It’s Red: Ideally, you want to acquire a firm that has strong enough fundamentals to be successful on its own. If the management is acutely anxious to make a deal, it may be because they secretly hope you’ll rescue them from the consequences of their own shortcomings.Quote: “You can build a company that’s ripe to be bought, but you can’t build a company that’s meant to be sold. If the managers in the target firm are anxious to be bought, it’s probably because they don’t have the top-line growth, cost control, or management skills to make it on their own.”— Jack Cooper, president and CEO of consulting firm JM Cooper & Associates, and former CIO at Bristol-Myers Squibb and Seagram, where he participated in several successful mergers.Red Flag #5: The buyout will create instant millionaires out of employees who hold founder’s stock.Why It’s Red: You’re not just acquiring a company, you’re acquiring the people who know how that company works. If key personnel will become rich on the deal, there’s a good chance they’ll jump ship shortly after the deal is completed, leaving you with an empty shell.Quote: “We don’t want to create gazillionaires. If we’re talking about a purchase price that’s going to make [the target company] millionaires, we always force them to take an earn-out. They get some money up front, but not enough to take off and retire.”— Dennis Weldon, director of corporate development and investor relations at Mentor Graphics Corporation and former corporate controller for First Farwest Transportation and Financial, a company built principally through a series of acquisitions.SlainteGordonThe daily challenges of an Entrepreneur living in the North East of England | | By: Gordon Whyte's Blog of the daily challenges of an | | |
| | Acquisition Accounting | | 2007-09-09 18:12:20 | | Berkshire Annual Letter 1999 (Part 2)
When an acquisition takes place, there are two generally accepted accounting principles (GAAP) methods of recording the transaction.
In the “purchase” method, a goodwill account has to be established and subsequently written off against earnings. Payment can be made in either cash or stock.
In the “pooling” method (which is usually preferred [...] | | By: Intelligent Investor Club | | |
| | At $120.5M, NYC Office Sale is Double 2005 Acquisition Price | | 2007-08-30 01:52:00 | | With New York City’s low cap rates, high financing costs and slowing rental growth rates weighing on its mind, APF Properties has decided to sell the 132,000-square-foot Manhattan office building at 1414 Avenue of The Americas. David Werner and Murray Hill Properties will acquire the asset for $120.5 million, or $912 per square foot.
| | By: NY real estate news | | |
| | InterRent REIT Announces Closing of 94 Suite Property Acquisition | | 2007-07-31 23:54:00 | | This is InterRent's second building in Stratford, bringing its total ownership in this western Ontario city to 218 suites, or 11.3% of multi residential suites in Stratford. Located between London and Kitchener, Ontario, Stratford is a city with a population of 31,000, well known for its annual Shakesperean theater festival and its ideal location on the banks of the Avon River, with Lake Victoria in the center of the city. It has become a bedroom community for both larger population centers, as well as a popular retirement location for many of the area's affluent seniors.
| | By: Canada Real Estate News | | |
| | EUROPE: Cirrus announces Netherlands field acquisition | | 2007-07-27 09:51:00 | | Cirrus Energy Corporation’s wholly owned subsidiary, Cirrus Energy Nederland B.V., has closed an agreement with Wintershall Noordzee B.V. (“Wintershall”) to acquire its operated interests in the L8-D Field which comprise 40% and 25 % in the L8a and L8b licences respectively. The consideration for the acquisition takes the form of an overriding royalty payable out of future production revenues from the field and the drilling of one appraisal well. The L8-D Field was discovered by well L8-16x drilled in 2004. The well was drill stem tested at rates up to 430,000 Nm3/day (16.1 MMscf/day) of gas from a Rotliegend sandstone reservoir at a depth around 3850 metres. Water depth at the location is 30 m. Further appraisal of the discovery is considered to be required in order to establish the extent of the field and whether development is commercially viable.Via: Scandinavian Oil & GasBlogalaxia : EuropeTechnorati: L8-D Field, Rotliegend, Cirrus Energy Nederland Advertise on The ENERG | | By: energy BLOG | | |
| | | | | Marketing and the Cost of Acquisition | | 2007-06-11 03:08:32 | |
Are your marketing costs in alignment with the cost of acquisition of acquiring your customers? The cost of acquisition tests can be a great reality check on where you’re spending your marketing dollars and how effective is your marketing spending.
Take a look through your customer base and ask yourself the following questions:
1. Where have you acquired your customers?
2. How much does it cost to generate each particular class of customers?
3. Look at your marketing budget. How does that line up with the acquisition costs? What things do you spend money on marketing on that aren’t related to customer acquisition?
4. What part of the marketing budget would be related to servicing customers rather than acquiring customers? For example, you may have part of your marketing budget oriented towards encouraging customers to keep up with their renewals or to be purchasing additional products and services from you.
So, what did you find out? You might see areas of marketing where the doll | | By: Ask Jon Paul | | |
| | | Mattress Store Acquisition in Pennsylvania | | 2007-06-03 18:38:27 | |
GREENVILLE — Mattress maker Park Place Corp. has bought a Pennsylvania mattress factory in the biggest acquisition of its 76-year history.The deal to buy the assets of United Sleep Products of Denver, Pa., is expected to close next week. The seller is Northlight Capital LLC, a private equity firm in Chicago. Terms were not disclosed, but Park Place is paying cash.
via The State News
mattress factory, mattress manufacturer, MATTRESS News, MATTRESS Shopping, Park Place corp, United Sleep | | By: Mattresszine | | |
| | IIPM Release :- A perspective change in ‘talent acquisition’ that pulled through and became the answer for ‘talent retention’ | | 2007-05-24 03:09:10 | | IIPM BUSINESS & ECONOMY“The big challenge at Bausch & Lomb was that people engagement and retention needed a fresh introspection on the whole approach to talent acquisition,” says Uttam Ghosh, Head-HR of Bausch & Lomb Eye care (India) Pvt Ltd, while he takes us through the journey of attrition (not so admired by most organisations), and the turnaround the company brought about to consolidate its numero uno position in the Indian eye care industry. Bausch & Lomb concentrates on three businesses – Vision Care, Cataract and Refractive. Notably, the Vision Care division operates through distributors in the country, to service its ophthalmologists, optometrist, optical & chemist customers, while the key accounts for their Cataract and Refractive business are ophthalmologists.For Complete IIPM Article, Click on IIPM Article Source : IIPM Editorial, 2007An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) InitiativeFor More IIPM Article, Visit Below....http://iipm-top-mba-institute.spaces.live.com/http://iipm-here-is-your-future.spaces.live.com/http://iipm-campus-events.spaces.live.com/http://iipm-institute.spaces.live.com/ | | By: IIPM BEST MBA INSTITUTE | | |
| | Selling Your Business - Business Broker or Merger and Acquisition Advisor | | 2007-05-22 08:33:59 | | Number of Clients Represented - Business Brokers want to represent as many business for sale as they can. When contacting their vast network of individual buyers it is a real benefit to have a vast inventory of companies. Because on this, their approach is more of a mass mailing, mass email, post the business on a business for sale Web site, type of approach and their attention is spread over 25 or more simultaneous clients. Merger & Acquisition Advisors usually limit their number of engagements to 3 or 4 per professional at a time. Their approach is very hands on and labor intensive. Merger & Acquisition Advisors usually rely on a direct selling approach of calling the buyers and talking with the M&A department or the president. Often Merger & Acquisition Advisors will have specific industry niches and will have a customized data base of contacts. They often have had several prior contacts with the buyers and are able to penetrate the call screening that is set up to protect t | | By: Business Broker Chicago | | |
| | Microsoft Spends a Record 6 Billion on Acquisition | | 2007-05-18 19:02:00 | | Microsoft finally took the plunge today and announced the pending acquisition of advertising giant aQuantive based out of Seattle for a cool $6 billion; an eighty-five percent premium over the shares on Thursday.Here are some great articles on the subject:Todd Bishop of the Seattle Post Intelligencer has covered this subject religiously and offers a play-by-play of the acquisitionMicrosoft's aQuantive acquisition press releaseSo Who is aQuantive?Here is a snippet from the Microsoft press release:Founded in 1997, aQuantive, Inc. (NASDAQ: AQNT) is the parent company of one of the industry’s most successful families of digital marketing service and technology companies, encompassing three primary brands.>> Atlas provides a set of advanced tools for both advertisers and publishers. The Atlas Media Console is an industry-leading toolset providing agencies and advertisers with capabilities to maximize ROI. The Atlas Publisher platform enables publishers to maximize monetization opportunit | | By: The SEO Blog | | |
| | Another MySpace Acquisition | | 2007-05-16 04:34:06 | |
MySpace nabbed another one! For a meager $10-20 million, the News Corp giant purchased a newly launched service called Flektor. Flektor is a photo-sharing service similar to Slide or RockYou, both of which are popular MySpace widget-makers. With Flektor, you can make killer widgets using audio, video, photos, text, effects and transitions, and, of course, it integrates quite nicely with the just acquired Photobucket (oh, and Flickr, too). It's nice that you don't have to re-upload photos that you already have online at one of these services - you can just pull them in. With the tools provided, including Quickstart Wizards and a simple to use, drag-and-drop interface, anyone can make great widgets, not just the "creative" types. I hadn't even heard of Flektor yet, but the acquisition buzz brought it to my attention. I'm definitely going to check it out now.
| | By: SarahinTampa | | |
| | Tata Steel bids for Corus acquisition | | 2007-02-02 08:25:00 | | Jan 31 2007 : Tata Steel is set to become the world's fifth-biggest steelmaker after winning a bid battle for Anglo-Dutch steelmaker Corus Group by agreeing to pay 6.2 billion pounds ($12 billion).Britain's Takeover Panel said in an e-mailed statement that after an auction Tata Steel had agreed to offer Corus investors 608 pence per share in cash, topping a final bid of 603 pence from Brazilian Companhia Siderurgica Nacional (CSN).Both offers were right at the top end of what analysts had thought possible and will now be put to Corus investors, who have no reason not to accept the higher price.Corus was not immediately available for comment.The auction process, following a takeover tussle that began in earnest when Tata Steel offered 455 pence per share on Oct.20, started at the close of trading in London on Tuesday when Corus shares ended 0.5 percent higher at 563 pence. CSN and Tata Steel were keen to buy Corus to become significant players in the consolidating steel industry, where Dutch-based Mittal Steel last year bought Luxembourg's Arcelor to create the world's biggest steelmaker, Arcelor Mittal.The 608 pence Tata Steel is set to pay values Corus at around seven times its forecast earnings before interest, tax, depreciation and amortisation (EBITDA) for 2006, well above the multiple Mittal Steel paid for Arcelor which was 4.6 times historic EBITDA.Ahead of the auction, called last week by the Takeover Panel to bring the bid battle to an end, CSN had the upper hand after it had made a bid worth 4.9 billion pounds ($9.6 billion) or 515 pence per share, accepted by Corus on Dec. 11, hours after it had accepted a 500 pence offer from Tata Steel.The battle pushed Corus's share price to seven-year highs and pitted 70-year-old Tata group chairman Ratan Tata, from one of India's best-known business families, against Benjamin Steinbruch who at 52 is one of Brazil's most famous executives as chief executive and main owner of CSN. Ratan Tata has transformed the o | | By: World News, News Updates, Current Events, News Art | | |
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