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There’s no Such Thing as a Merger of Equals Mr. Kerkorian!
by David Wolf
I was recently reflecting on Kirk Kerkorian’s suit against DaimlerChrysler. Overlooking the interesting (and inconsistently reported) admission that, while he was a 14% shareholder and director, he never actually read the merger document, I’m more surprised by the underlying claim. The basis of the suit is that he was hoodwinked out of his takeover premium in the 1998 “merger of equals” between Daimler and Chrysler. What shocks me is that he believes there is such a thing as a merger of equals!
[FULL STORY]
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Emerging Issues in Private Directors' & Officers' Liability - Insurance and Key Person Insurance
by Reed Sussman
As a condition to their investment in a portfolio company, venture capital firms often require, among other things, that the company obtain Directors' & Officers' Liability Insurance as well as Key Person Insurance. The limits of insurance that venture capitalists require their portfolio companies to carry, however, are increasingly at odds with the limits that insurance underwriters are willing to provide. This article examines the important underwriting issue of financial justification for limits of insurance as it relates to these two important areas of coverage.
[FULL STORY]
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Sales and Marketing - the Weak Link in a Merger or Acquisition
by Lee Levitt
Companies frequently combine through merger or acquisition to increase market reach or expand product or service offerings. We find that human resources, engineering, and manufacturing operations tend to handle mergers pretty well. For them, it’s a known process. However, in mergers and acquisitions, marketing and sales organizations typically do not combine well. And it is the customer-facing activities that derail otherwise promising mergers or acquisitions.
[FULL STORY]
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ARCHIVE
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Issue 10
December 15, 2003
Vol. 2
Issue 8
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Issue 9
October 20, 2003
Vol. 2
Issue 7
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Issue 8
August 18, 2003
Vol. 2
Issue 6
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Issue 7
July 15, 2003
Vol. 2
Issue 5
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Issue 6
June 15, 2003
Vol. 2
Issue 4
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Issue 5
May 15, 2003
Vol. 2
Issue 3
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Issue 4
March 17, 2003
Vol. 2
Issue 2
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Issue 3
January 15, 2003
Vol. 2
Issue 1
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Issue 2
November 19, 2002
Vol. 1
Issue 2
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Issue 1
September 12, 2002
Vol. 1
Issue 1
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