$700B man: Former adviser to Paulson takes bailout post Oct 7, 2008
including work on NASA technology; vice president Goldman Sachs, San Francisco, advising companies on mergers and acquisitions. Family: Married to Minal; mother and father still live in Ohio. (USA Today -- Money)
Rocket scientist to head US bail-out Oct 7, 2008
Prior to joining the Treasury, Mr Kashkari was a vice-president at Wall Street bank Goldman Sachs in San Francisco, where he led Goldman's IT Security investment banking practice, advising public and private companies on mergers and acquisitions and financial transactions, the Treasury said in a brief biography. Before entering the finance field, Mr Kashkari was a research and development engineer at TRW in California, where he developed technology for NASA space science missions such as the... (Sydney Morning Herald -- Business)
FalconStor CEO: Recovering data is problem No. 1 Oct 7, 2008
With all the mergers and acquisitions in the storage market in recent years, have you been close to acquiring or being acquired ... With all the mergers and acquisitions in the storage market in recent years, have you been close to acquiring or being acquired. (Search Storage)
VC still robust in NM, but for how long? Oct 6, 2008
VC-backed firms are finding it extremely difficult to achieve exits through Initial Public Offerings, and to a lesser extent, through mergers and acquisitions ... In addition, mergers and acquisitions fell 28 percent in the first half of this year, creating a capital crisis for new startup companies, said NVCA President Mark Heesen. (New Mexico Business Weekly, NM)
Indias Infosys in acquisition mode Oct 6, 2008
8bil cash at end-June and has been relatively quiet on mergers and acquisitions. Kris admits growth has come down due to less spending on IT requirements globally. (The Star Online, Malaysia -- Business)
Linklaters Beats Rivals to Top of Global M&A Rankings Oct 4, 2008
has stormed to the top of the latest mergers and acquisitions rankings as clients continue their flight to quality for big-ticket mandates. Merger market tables for the first three quarters of 2008, which are provided exclusively to , put the Magic Circle law firm far ahead of its rivals by value for global, European and U.K. M&A, with Linklaters advising on 184 deals to date worth $602. (Law.com)
McLeod Russel to acquire Vietnam tea co for Rs 32 cr Oct 4, 2008
The move is part of the Khaitan Groups plan to consolidate their bulk tea business further through mergers and acquisitions. Post acquisition, MRIL and its subsidiaries will collectively have an annual throughput of a staggering 80 million kilos of tea. (Economic Times)
Office Vacancies Rise as Economy Slows Oct 4, 2008
"This trend will continue in the coming quarters as large financial services firms, among others, rationalize payrolls and consolidate employees as part of the current wave of mergers and acquisitions," said Sam Chandan, Reis Inc. research firm chief economist, in a statement. U.S. office vacancy rose to 13. (Realtor Magazine Online)
US financial havoc may turn out to be a good thing Oct 4, 2008
Bankers have argued that financially stable assets should not be unduly devalued under accounting rules because the falling asset prices might endanger the financial stability of the banks, noting that in mergers and acquisitions, assets are also valued at their potential earnings. But in free-market economies, banks would just have to take their lumps like everyone else, even though they play pivotal economic roles. (The Star Online, Malaysia)
Tracking software company gains attention Oct 4, 2008
A catalyst has been the firm's success at attracting private equity, which AFS has used to fund several mergers and acquisitions ... AFS Technologies Inc. Vice President Pamela Brunke (left) and CEO Kurien Jacob have used private equity and bank financing to fund several mergers and acquisitions. (AZCentral -- Business)
Foreclosures hit the Islands, Welly World Oct 4, 2008
On Jupiter Island, JP Morgan mergers and acquisitions prodigy Todd Marin - who heads the company s Asian efforts from his Hong Kong office - is in some doo-doo. In mid-2006, Dude paid cash - $1. (The Palm Beach Post)
There's Hope for the IT Industry Oct 4, 2008
Data integration at the back end will also become important because of the mergers and acquisitions in the financial industry. "The first thing that happens in an Mhey have to bring together things like general ledgers and then customer service capabilities so they have a single view of the customer," Chris Boorman, chief marketing officer of Informatica, told InternetNews. (CIO Information Network)
Banks likely to get short-term boost from bailout Oct 4, 2008
The fury of recent bank mergers and acquisitions has led to a concentration of assets in the hands of very few firms, Marenzi said. You go from too big to fail to too big to save, Marenzi said, and that could lead to an epic collapse in the sector. (San Diego Union-Tribune -- Business)
M&A grinds to a halt until the dust settles Oct 4, 2008
Pent-up demand for mergers and acquisitions, particularly in the resources sector, could trigger a surge in M&A activity once markets stabilise ... "I think mergers and acquisitions are on hold.". (The Australian, Australia)
Canadian Law Firms Weathering Wall Street Storm -- So Far Oct 3, 2008
Mergers and acquisitions have also declined, but work has picked up in other areas, such as energy deals, restructuring, insolvency and litigation, he said ... For example, while there is less work with mergers and acquisitions, there have been more inquiries from clients about their financial assets, he said. (Law.com)
High-tech wrestles with credit crisis Oct 3, 2008
"You're going to see a lot of mergers and acquisitions, but buyers will have all the leverage," Geshwiler predicted. In the cafeteria of the Sun Microsystems conference center, Han Pieter Duyverman said Wall Street's woes are hurting the ability of his company to sell its business software to financial companies. (Boston Globe)
Morgan Creek Energy Appoints Peter G. Wilson as President, CEO and Board Director; Adds Angelo Viard as a Board Director Oct 3, 2008
During the past ten years, Mr. Viard has been involved in providing companies with advisory services including, but not limited to, managerial, investment strategy, finance, information technology, compliance, accounting, business development, mergers and acquisitions, and capital fund raising in a wide range of industry sectors across the United States, South America and Europe. Mr. Viard has been (June 2007-present) the president/chief executive officer of Viard Consulting Services, a company... (PR Newswire)
Ad cos to be freed from Press Note 1 Oct 3, 2008
NEW DELHI: Mergers and acquisitions (Mvolving foreign companies in the Indian advertisement industry would soon turn easier. The government is planning to exempt the advertisement industry from Press Note 1, which makes clearance from local partners mandatory for a foreign company to start a new business. (India Times)
In its bid to expand outside Japan, Matsushita changes its name to Panasonic Oct 3, 2008
9 billion, may consider mergers and acquisitions as a way to take on bigger rivals and increase its sales of home appliances, said Kazuharu Miura, an analyst at the Daiwa Institute of Research ... Hitoshi Otsuki, managing director at Matsushita, told analysts last week that the company was open to overseas mergers and acquisitions, but only to strengthen its distribution networks, not to expand production capacity - a signal that potential targets could be small, unlisted companies, analysts... (International Herald Tribune -- Technology)
Sucker Punch For Innovation Oct 3, 2008
The results from the third quarter put 2008 on pace to be the year with the least number of mergers and acquisitions in a decade. Initial public offerings have also been notably scarce this year: only seven venture backed companies have gone public so far in 2008, raising $551 million. (Forbes -- Technology)
Accounting firms reposition for international business Oct 3, 2008
BEIJING, May 30 -- China's more than 5,000 accounting firms are expected to undergo more market-driven mergers and acquisitions in the coming years in a bid to tackle competition from foreign counterparts. More large-scale and internationalized accounting companies will be formed in China in the future and they should be able to provide a full range of services to domestic businesses as they become increasingly active in international trade and investment, Wang Jun, vice-minister of finance,... (Xinhuanet, China -- Business)
Bankers, analysts back new merger rules Oct 3, 2008
BEIJING, May 26 (Xinhuanet) -- Investment bankers and analysts in Shanghai and Hong Kong have shown strong support for the proposed new rules on mergers and acquisitions for mainland publicly traded companies, to be published by the China Securities Regulation Commission (CSRC) next Monday. "The proposed changes have the effect of simplifying acquisition processes, cutting down costs and boosting efficiency," said Yang Liang, deputy general manager of Shenyin & Wanguo Securities' mergers and... (Xinhuanet, China -- Business)
Shenhua plans to double coal output Oct 3, 2008
The company has started a process of mergers and acquisitions. In March, the Hong Kong-listed China Shenhua Energy said it would pay its parent 1. (Xinhuanet, China -- Business)
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 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, 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)
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)
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)
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 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)
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)
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)
