New Book -- Time to Sell? Guide to Selling a Physician Practice: Value, Options, Alternatives Helps Physicians Make the Best Deals Oct 3, 2008
Randy draws on more than 20 years of experience working with both physician and hospital clients on strategic planning, mergers and acquisitions, group formations, compensation planning, operations, and practice valuations. He is a noted writer and speaker in the health care community. (Yahoo News -- Press Releases)
What Bank Acquisitions Mean for Customers Oct 3, 2008
"It's the end of an era." But though bank mergers and acquisitions may help financial institutions make it through the market crisis, industry consolidation isn't all good news for consumers. "I don't think consumers are all that well served by these mega-banks," says Linda Sherry, a spokeswoman for , a consumer advocate. (SmartMoney)
Blackstone, Apollo Outshone as Sun Capital Acquires Boston Market, Limited Oct 3, 2008
It was 1995, and after a decade of arranging mergers and acquisitions at in New York, the old college friends decided to strike out on their own. Their plan: to move to Florida and start a private equity firm that would buy small and mid-size companies in the Southeastern U.S.. (Bloomberg)
Black clouds, silver linings Oct 3, 2008
Litigation and distressed mergers and acquisitions. Loans on the highly levered deals are soon going to have to be renewed and there isn't going to be any place to renew them. (Globe and Mail -- Business)
Mitsubishi UFJ, Morgan eye Japan merger Oct 3, 2008
The company's merger with Morgan Stanley Japan Securities Co., if realized, will make one of the largest wholesale securities service firms in Japan, whose business includes mergers and acquisitions as well as bond underwriting. Further negotiations between the two firms are expected to pinpoint the method and timing of the merger as well as strategies to boost their overseas presence, Kyodo quoted sources close to the matter as saying. (Xinhuanet, China)
Insiders, investors remain bullish on federal contracting Oct 3, 2008
Moreover, as federal contractors target those specific areas that they think a new administration will spend the most, it is expected that market consolidation through mergers and acquisitions will continue ... Mergers and acquisitions are still the choice repositioning strategy to hit organic growth rates demanded by Wall Street, said Robert Kipps, director with D.C.-based KippsDeSanto, an investment bank focused on transaction advisory services. (Washington Business Journal, DC)
Analysts: BII buy still expensive Oct 3, 2008
It is still expensive because, historically, Indonesias mergers and acquisitions are priced between two and 2. 5 times book value. (The Star Online, Malaysia -- Business)
Nomura, MUFJ Rise in Tokyo After Pouncing on Lehman, Morgan Stanley Deals Sep 24, 2008
Morgan Stanley ranks sixth globally in advising on mergers and acquisitions, 47 slots above Mitsubishi UFJ, according to Bloomberg data ... Lehman was the 10th-ranked adviser on mergers and acquisitions in Asia including Japan for the year ended Dec. 31, 2007, while Nomura was No. 13, according to data compiled by Bloomberg. (Bloomberg -- Japan)
Nomura to buy Lehman unit Sep 24, 2008
The Nomura purchase includes mergers and acquisitions, derivatives, electronic trading, and prime brokerage divisions. Copyright 2008 Globe Newspaper Company. (Boston Globe)
The Open Group Unveils Global Initiative to Drive Enterprise Architecture Standards for Natural Resources Industries Sep 24, 2008
They are easily able to accommodate change, enter new territories, complete mergers and acquisitions, and maximize return on IT expenditures. "The objective of the EMMMV is to realize sustainable business value through collaboration around a common operating model," said Viljoen. (PR Newswire)
Bristol-Myers Raises The Stakes For ImClone Sep 24, 2008
More On This Topic Mergers And Acquisitions Companies. Article Controls. (Forbes -- Markets)
Chemokine Therapeutics Launches Strategic Financial Initiative Sep 24, 2008
He has completed transactions, across several industry sectors, totaling over $75 Billion in value, including Mergers and Acquisitions for public and private entities, Restructuring Advisory assignments and Equity and Debt capital markets transactions. About Chemokine Therapeutics Corp. (TSX: - ; OTCBB: - ). (CCNMatthews Press Releases)
Nomura to Buy Lehman's Operations in Asia Pacific Sep 24, 2008
said Monday that it will acquire the Asia Pacific operations of failed U.S. investment bank Lehman Brothers (JCN Network, Japan)
Wall Street stocks fall amid volatility Sep 24, 2008
In mergers and acquisitions news, raised from $60 to $62 a share its offer for the part of the biotechnology group that it does not already own. Shares in ImClone rose 6. (FT.com -- Markets)
Nomura to Buy Lehman Asia-Pacific Unit, Nears Purchase of Europe Divisions Sep 23, 2008
Nomura's purchase of Lehman's Asian-Pacific investment banking unit includes mergers and acquisitions, derivatives, electronic trading and prime brokerage divisions. Trading assets and liabilities aren't included, the Japanese bank said. (Bloomberg -- Japan)
Morgan Stanley to Get as Much as $8.4 Billion From Mitsubishi; Shares Rise Sep 23, 2008
Morgan Stanley ranks sixth globally in advising on mergers and acquisitions, 47 slots above Mitsubishi UFJ, according to Bloomberg data. In equity underwriting, Morgan Stanley is fifth while the Japanese bank is No. 100. (Bloomberg -- Japan)
Morgan Stanley, Goldman Search for Deposits; Banks Are `Lunch' Sep 23, 2008
Stock market declines of the past 10 days helped push Lehman Brothers Holdings Inc. into bankruptcy and into a takeover by That's helped financial services leapfrog the mining sector to become the most active for mergers and acquisitions this year, data compiled by Bloomberg show ... We are seeing deals that are highly opportunistic and speedily arranged, where targets are distressed,'' said , co-head of global mergers and acquisitions at the Towers Perrin consulting firm in London. (Bloomberg)
Fairfax, Sun Life join rush to size up AIG assets Sep 23, 2008
Manulife chief investment officer Don Guloien, who is slated to replace CEO Dominic D'Alessandro next year and once headed up the firm's mergers and acquisitions department, held a meeting with bankers in Toronto yesterday to discuss a potential bid for some of AIG's assets, according to one person familiar with the matter. "They're sniffing around," the source said, adding there is no guarantee the insurer will submit a formal offer for parts of the company. (Globe and Mail)
Law firm sees growth area in life settlements Sep 23, 2008
He said the firm can grow around it tax, mergers and acquisitions, regulatory and compliance and a whole gamut of corporate practices. Based in Atlanta, Brian Casey heads the national insurance practice for. (Atlanta Business Chronicle, GA)
Nomura buys Lehman's Asian unit Sep 23, 2008
The acquisition would allow Nomura, which has Japan's top mergers and acquisitions advisory service, to expand quickly outside the country. It is also thought that Nomura wants to buy parts of Lehman's European assets. (BBC News -- Business)
Back to basics Sep 23, 2008
Investment banks arrange for companies to raise money by issuing stock, and also give advice on mergers and acquisitions. Investment banks rely on overnight loans from big institutional investors such as mutual funds to provide short-term capital needs. (NJ.com -- Times)
Saving for College? Sep 23, 2008
Repurchased shares can also be used to satisfy exercised employee stock options and can be handy for mergers and acquisitions, says Howard Silverblatt, Standard & Poor's senior index analyst. Exxon Mobil, AT&T and Hewlett-Packard had the biggest buybacks during the first quarter of 2008. (SmartMoney)
Historic bank shift levels the field Sep 23, 2008
"In the previous downturns, the major investment banks retrenched and this meant reducing their activities here," said the securities lawyer who specializes in mergers and acquisitions. U. S. firms compete most aggressively with Canadian firms in the areas of Munderwriting, and may now reduce their involvement in both areas -- advisory because they would have less presence and interest in Canada, and underwriting because it is "capital sensitive," Mr. Girvan said. (Financial Post)
Nomura is said to win Lehman's Asia operations Sep 22, 2008
The Tokyo office has a large fixed-income group, while Hong Kong mainly has mergers and acquisitions, equity capital, and debt capital bankers. In Singapore, Lehman employs 250 people, mostly in commodities and trading. (International Herald Tribune -- Business)
Nomura Bidding for Lehman Operations in Asia, Europe Sep 22, 2008
has proposed acquiring the Asian and European operations of failed U.S. investment bank Lehman Brothers, informed sources said Monday (JCN Network, Japan)
Many would buy Steelers, even in current financial crisis (Today) Sep 22, 2008
One expert, attorney Jeffrey S. Phillips of the Stout Risius Ross financial firm that in part deals in sports mergers and acquisitions, doesn't rule out Mr. Druckenmiller from the potential bidders. In other words, just because the other four Rooney brothers decided not to accept his offer now, that doesn't preclude them from rejoining forces and forging a deal in the end. (Pittsburgh Post-Gazette, PA -- Sports)
Silicon Valley's resiliency might get tested Sep 22, 2008
" Consumer spending Another big segment in the valley is consumer technology. Companies like Apple, HP and Palm sell technology and gadgets to regular people. As the credit crisis spreads and consumer confidence wanes, fewer households may feel comfortable buying a multimedia entertainment center or desktop computer or even cell phones for the kids. In short, the digital living dream that this segment has chased for years might be put off yet again. There are signs of a consumer pullback. Best... (San Francisco Chronicle)
Local leaders want a piece of Nigeria's insurance market pie Sep 22, 2008
This led to a spate of mergers and acquisitions. When the dust settled, 71 stronger companies emerged. (Business Report, South Africa)
Protecting your job in a stormy industry Sep 21, 2008
"It could be a career plus for you." It's true that mergers and acquisitions often lead to job cuts, but the last thing a firm wants is a big talent drain, he said. Do not make any precipitous moves until you are sure how you will be affected, he said. (International Herald Tribune -- Business)
Lehman Said to Be in Talks to Sell Some Japanese Units to Sumitomo Mitsui Sep 20, 2008
Lehman was the ninth- biggest adviser on mergers and acquisitions in the country, advising on 13 deals, Bloomberg data shows. Recruiters Knock. (Bloomberg -- Japan)
Lehman Wins US Court Approval for Sale to Barclays (Update1) Sep 20, 2008
Lehman ranked seventh in advising on mergers and acquisitions involving U.S. companies this year, according to data compiled by Bloomberg. Barclays ranks 35th in that market. (Bloomberg)
Acquisition-expansion expert joins Locktons S.F. insurance brokerage Sep 20, 2008
Before joining Lockton, Irvin was a senior vice president in Marsh s private equity and mergers and acquisitions practice, Lockton said Sept. 19. The firm was the 14th-largest insurance brokerage in the region according to the San Francisco Business Times 2008 Book of Lists. (San Francisco Business Times, CA)
Bank stocks you can still bank on Sep 20, 2008
The Merrill purchase gives BofA strength in mergers and acquisitions, securities underwriting and other Wall Street activities in which the immense Main Street bank was lacking. Yet the response has been lukewarm at best. (International Herald Tribune -- Business)
The state of U.S. investment banks Sep 20, 2008
"You'll always need initial public (stock) offerings and advice on mergers and acquisitions," said David Daughtrey, a former New York investment banker who's now an investment adviser at Copperwynd Financial in Scottsdale. But hegemony in this key industry appears to be shifting to foreign players like Barclays and deposit-taking commercial banks including JPMorgan and Bank of America. (AZCentral -- Business)
> Deposits shrink at Jacksonville community banks Sep 20, 2008
Deposits are the lifeblood of a bank in terms of growth and liquidity, said Bob Chassman, vice president of mergers and acquisitions at the Jacksonville-based investment banker Allen C. Ewing & Co.. Most bankers said changes in the financial industry and the economy will continue to threaten deposits and loan growth for at least the remainder of the year and until the real estate market stabilizes. (Jacksonville Business Journal, FL)
Jobs in investment banking are key to BofA deal Sep 20, 2008
Merrill has traditionally been stronger in the equity markets and in advising companies on mergers and acquisitions, while BofA s forte is in the fixed-income businesses. With BofA Chief Executive Kenneth Lewis seeking $7 billion in cost savings between the two companies, however, the bank s investment-banking operations in Charlotte could come into play, analysts say. (Charlotte Business Journal, NC)
Philip Clapp, environmental activist with Pew Trust Sep 19, 2008
He also headed the legislative practice of a large Washington law firm and was a consultant on mergers and acquisitions to investment banking firms. In 1994, he founded and directed the National Environmental Trust, a nonprofit public relations firm funded by large foundations to campaign for water and air quality, endangered species, and the protection of forests and oceans. (Boston Globe)
EPiC Energy Resources Announces New Board Member Sep 19, 2008
He is the founder and managing partner of a successful CPA firm and remains active in the energy industry providing consulting services, including advising on mergers and acquisitions, for mid-size energy service companies. "We are excited that John has joined our Board, bringing over three decades of proven accounting, finance and tax experience," said Rex P. Doyle, EPiC's Chief Executive Officer. (PR Newswire)
Neose selling out to Novo Nordisk, BioGenerix Sep 19, 2008
The announcement of these asset sales follows an extensive review of a range of strategic alternatives for the company, including obtaining further financing to continue as an independent entity and exploring mergers and acquisitions, said George J. Vergis, the company s president and CEO. We believe that the sale of these assets to our existing collaborative partners maximizes stockholder value and increases the probability that patients will benefit from the continued development of the drug... (Philadelphia Business Journal, PA)
Investment banking becomes less profitable, but it is still breathing Sep 19, 2008
The dollar value of completed global mergers and acquisitions is down 36 percent year on year, equity issuance is down 18 percent and debt underwriting down 46 percent. More to the point, the industry is undergoing huge secular changes, the amount of leverage that firms use is on a very bumpy trip lower, and regulators will almost certainly impose new costs and attempt to limit risk among the survivors. (International Herald Tribune -- Business)
Lloyds may sell $20.4 billion of assets Sep 19, 2008
Axa, Zurich Financial Axa, France's biggest insurer, and Zurich Financial Services may both be interested in acquiring the unit, mergers and acquisitions bankers said. Chief executive Henri de Castries told Handelsblatt in June he was interested in takeovers and saw the crisis as an opportunity for purchases. (Sydney Morning Herald -- Business)
Morgan in talks as fear grips financial markets Sep 19, 2008
I think theres going to be a lot of mergers and acquisitions for either good reasons or because people dont have choices, said Wells Fargo chairman Richard Kovacevich. The merger mania spread to other trading businesses. (The Star Online, Malaysia -- Business)
Merged banks' names cybersquatted Sep 18, 2008
" The speculative HSBC/Lehman site, for example, looks like a news site about the myriad mergers and movements but features Google adverts along the margins. In the case of bankofamericamerrilllynch.com, the object is more apparent; a visit to the site directs visitors to an eBay auction in which the domain name is for sale. "The lesson has been there for a while for anyone working in the mergers and acquisitions area that this is a key area to focus on in the due diligence process," Mr Robinson... (BBC News)
Indian tax laws not conducive to M&As Sep 18, 2008
NEW DELHI: Indian tax laws are not conducive to mergers and acquisitions and restructuring of businesses, says a survey conducted by global consultancy firm PricewaterhouseCoopers. "As per the survey, an overwhelming majority (90 per cent) does not see existing laws as being completely tax neutral and conducive to group restructuring," PricewaterhouseCoopers Executive Director Ajay Kumar said while releasing the survey report. (India Times)
Philip Clapp, environmental activist, dies Sep 18, 2008
He also headed the legislative practice of a large Washington law firm and was a consultant on mergers and acquisitions to investment banking firms. In 1994, he founded and directed the National Environmental Trust, which brought the methods of high-powered business lobbying to the environmental field. (International Herald Tribune -- Health)
Wells Fargo chairman eyes possible acquisitions Sep 18, 2008
"I think there's going to be a lot of mergers and acquisitions for either good reasons or because people don't have choices," he said. Kovacevich also said he was hoping for an improvement to credit markets in the first half of next year. (USA Today -- Money)
SanDisk refuses to let Samsung take over Sep 18, 2008
Nam Hyung Kim, a memory analyst for the El Segundo (Los Angeles County) market research firm iSuppli, said Toshiba is normally pretty passive when it comes to mergers and acquisitions, but this time it is possible that history and pride will force the firm to enter the fray. Kim said that throughout the 1990s Toshiba had been one of the top suppliers of DRAMs. (San Francisco Chronicle)
Suncorp Slumps to Lowest in 8 Years on Concern It May Have to Sell Assets Sep 18, 2008
We don't comment on speculation regarding potential mergers and acquisitions,'' Suncorp spokesman said in a phone interview from Brisbane. Additionally, Suncorp is underwriting its dividend reinvestment plan, which puts downward pressure on the share price,'' Smith said. (Bloomberg -- Australia & New Zealand)
Wipro eyes Lehman's India BPO Sep 17, 2008
The US investment bank, which filed for bankruptcy protection on Monday, has asked its 1,200 employees in a Mumbai unit, which does equity research and analytics support for its mergers and acquisitions business, to leave by the end of September, the newspaper reported. Wipro Technologies is the software services business arm of Wipro Ltd, India's third-largest outsourcing firm. (India Times, India)
Asian banks stay wary about U.S. acquisitions Sep 17, 2008
Mitsubishi UFJ has bid $3 billion to take control of UnionBanCal, its U.S. unit in California, and analysts have said the bank is likely to use it as a platform for further mergers and acquisitions ... "Obviously, some of the banks will look at the opportunities that will come out from divestment of assets," said Harsha Basnayake, a partner at Ernst & Young, who overseas the regional mergers and acquisitions team in Singapore. (International Herald Tribune -- Business)
Barclays Wins By Losing Lehman Sep 17, 2008
And while other investment banks were concentrating their forces on initial public offerings and mergers and acquisitions, he focused on investing in bonds. Diamond is described by those who know him as an avid sports man. (Forbes)
Local bank deal hurts CapitalSouth Sep 17, 2008
The increase in insurance premiums will hurt the bank s earnings and the restriction on brokered deposits will impact its liquidity, said Bob Chassman, vice president of mergers and acquisitions for Jacksonville-based investment banker Allen C. Ewing & Co.. But those rules have been in place to encourage these banks to operate in a more conservative way, he said. (Jacksonville Business Journal, FL)
Lehman and the end of the era of leverage Sep 16, 2008
The profitability of American corporations might have slowed, but the application of leverage in the form of mergers and acquisitions financed with junk bonds multiplied the thin band of profitability. Wall Street and the City of London rode an unprecedented wave of profitability by providing overpriced leverage to consumer and corporate markets. (Asia Times Online)
Qwest names Euteneuer as new CFO Sep 16, 2008
Euteneuer s background in operations, corporate development and handling mergers and acquisitions in highly competitive industries stood out, Mueller said Monday. It s not like we re getting a theoretical CFO here, Mueller said. (Denver Business Journal, CO)
BNY Mellon not among Lehman's unsecured creditors Sep 16, 2008
Members: Not Registered. for free extra services. (Pittsburgh Business Times, PA)
MedMira Appoints David Slauenwhite Chief Financial Officer Sep 16, 2008
He has an exceptionally strong skill set in raising capital, managing resources across all business functions, corporate governance, and strategic expansion through sales growth, mergers and acquisitions. "MedMira is on the threshold of significant growth. The Company's commitment to quality and innovation, and the dedicated, passionate management team, is what attracted me to this role," said Mr. Slauenwhite. (Canada Newswire)
* FIC Global blames losses on subsidiary Sep 16, 2008
Potential mergers and acquisitions generate intense speculation. TECO Group (F) denied reports by the Commercial Times (u) yesterday about proposed buyouts by TECO, the Shin Kong Group (s) and Japans No. 2 telecom carrier, KDDI Corp of Asia Pacific Telecom Group (qH) and FITEL.. (Taipei Times, Taiwan -- World)
Rackspace chairman honored by TLU Sep 16, 2008
As chairman, Weston oversees corporate strategy, business development and mergers and acquisitions. Texas Lutheran University is an undergraduate liberal arts university in Seguin. (San Antonio Business Journal, TX)
Goldman Sachs Profit Slides, Shares Follow Sep 16, 2008
Investment-banking revenue slid 40%, as financial-advisory revenue dropped 56% amid a decrease in completed mergers and acquisitions. Revenue fell by two-thirds at Goldman's trading and principal investments business and that segment's fixed-income, currencies and commodities trading group amid weak results in credit products and mortgages. (SmartMoney)
Left, right, center, they're crossing paths to the free market Sep 16, 2008
That process of mergers and acquisitions continues, to this day. Who bailed whom out, to whose benefit. (Jakarta Post, Indonesia -- Business)
Movie Gallery Announces Executive Appointments Sep 16, 2008
He most recently served as Senior Vice President at Bank of America where he held various leadership positions in enterprise information management, business intelligence, mergers and acquisitions, and infrastructure optimization. Prior to that, Mr. Miller held various senior level IT positions at PepsiCo and Pepsi Bottling Group (PBG). (Yahoo! Wire -- Entertainment News)
Shattering the Glass-Steagall Sep 16, 2008
Up until the summer of 2007, the debt-powered independent broker-dealers who minted money with stock brokering, proprietary trading, and advising on mergers and acquisitions looked set to leave boring commercial banks in their dust. But 2008 has been another story. (Slate)
Up For Grabs: Lehman's Hot Bankers Sep 16, 2008
Mark Shafir heads global mergers and acquisitions. He is known for his technology expertise and enjoys close ties with Cisco (nasdaq: - - ). (Forbes -- Business)
Hot Web firm grows at new HQ Sep 16, 2008
Sancrant left a venture capital practice at Blue Ash Capital to handle mergers and acquisitions. John Skinner was named chief financial officer, leaving the same role at Centerville, Ohio-based ad agency. (Cincinnati Business Courier, OH)
Financial shakeup creates ripples Sep 16, 2008
Unlike hometown banks, investment banks handle the issuing of new securities and also provide the financing for large mergers and acquisitions. Their huge debt ratios, combined with an overbuilt housing market, are a lethal mix, said Norbert Sebade, president of First Western Banks in western South Dakota. (Rapid City Journal, SD)
