Mergers & Acquisitions: The Dealmaker's Journal articles from January 2006

Mergers & Acquisitions: The Dealmaker's Journal archives from January 2006

Where We Are and What's Ahead.(Association for Corporate Growth)
January 1, 2006... ACG had a very good 2005, and all indications are 2006 will be another banner year. President and CEO Dan Varroney rang in this new year with his second CNBC appearance announcing ACG/Thomson Dealmakers Survey results for the 2006 outlook....

Fortune Brands and OmniVision Receive ACG Growth Awards.(OmniVision Technologies Inc.)(Association for Corporate Growth)
January 1, 2006... ACG has named consumer products company Fortune Brands Inc. as the winner of its Outstanding Corporate Growth Award for 2005, and OmniVision Technologies Inc., a supplier of CMOS image sensors, the winner of its Emerging Company Growth Award....

New Research Flags Intermediary Licensing Concern.(Association for Corporate Growth)(Intermediary Licensing Concern)
January 1, 2006... ACG now has 1,400 members who are classified as dealmakers in one form or another. During the fall, ACG surveyed this group to find out "who they are" - size of company, various functions performed, and issues of professional concern. We were...

Cendant Could Be a Paradigm For Future Deals, Breakups: Splitting of the company into four firms may force buyers to focus up front on whether new businesses really can fit together.(Cendant Corp.)
January 1, 2006... With the splintering of Cendant Corp., investor pressures for similarly bold actions are expected to increase at companies that own ill-fitting businesses and are being trashed by the stock market. Corporate strategy experts say that firms...

Stocking the ArsenalsTo Fight Bidders.(Brief Article)
January 1, 2006... Companies being stalked by unwanted bidders were quick to install poison pills in late 2005 while they defensed the offers or checked the market for alternate proposals. Among those strengthening their takeover weapons were General...

Top of the news...(UBS's Mergers&Acquisitions business)
January 1, 2006... A major reshuffling of UBS's M&A business landed London-based Piero Novelli and Los Angeles-based Jeffrey Raich in top posts as joint global heads of M&A. Bulking up their M&A and corporate finance capabilities, Milbank, Tweed and...

M & A Appointments.(Greenhill and Co appoints Dhiren Shah)
January 1, 2006... Association for Corporate Growth - ACG Boston, Association for Corporate Growth's Boston Chapter, has named nine new members to its board of directors. New members include: Jeff Bistrong, managing director and co-founder of the...

Using an Agent to Speed Up Sell-Offs, Retain Asset Values: In asset disaggregation, unwanted operations are off-loaded to a third-party intermediary who can re-sell them to recover cash outlays.
January 1, 2006... Acquisitions, whether at the hand of a company looking to expand or a private equity sponsor looking to build the portfolio, almost always involve expendable assets that the buyer regards as surplus, duplicative, underperforming, or not...

Assessing The Power of Acquired Brands: Understanding a brand's many value drivers is critical to gauging future earnings and competitive advantage.
January 1, 2006... Procter & Gamble's big buy of grooming products and battery maker Gillette Co. last fall sets a backdrop for fresh discussion of brand value. In pegging the purchase price, the buyer not only had to wrestle with identifying and quantifying...

Shareholder Revolt Snaps Into Deal-Killer Mode: Scrapping of the VNU/IMS and Mylan/King deals warns boards that they may have to finesse angry stockholders when seeking deals.
January 1, 2006... Dealmakers have a new obstacle to overcome as they try to close transactions: Activist shareholders are using their clout not only to force sell-offs, spin-offs, and other restructurings but to sink entire deals. Shareholder activists...

Georgia-Pacific Buy Spurs Paper Shake-Out: Deal may lead to building products sell-offs to spur consolidation in the problem-riddled field.(Koch Industries Inc.)
January 1, 2006... The forest products industry, an umbrella for a broadly diverse output ranging from paper and packaging to building and other wood products, is rapidly becoming a strategic misnomer. If these products share roots in timberlands, their...

Biometrics Field Is on Cusp of an M&A Wave: IBT buy is seen in the vanguard of security roll-ups, and big defense firms could follow suit.(Viisage Technology Inc.)(Integrated Biometric Technology Inc.)
January 1, 2006... Viisage Inc.'s acquisition of Integrated Biometric Technology Inc. (IBT) could be the beginning of a consolidation wave in the $3-billion-to-$5-billion biometrics industry. IBT's credentialing capabilities and Viisage's face recognition and...

Pressures to Stiffen Exon-Florio: The Chinese bid for Unocal sparks a firefight over inbound deals.
January 1, 2006... The controversy over CNOOC's bid for Unocal Corp. raised widespread concern that the United States was not doing enough to protect itself from foreign acquisitions of sensitive U.S. assets and galvanized efforts in Congress to toughen the...

Kick-Starting Integration in the Clean Room: Consultants can use online data to execute merger plans.
January 1, 2006... The M&A "clean room," which electronically stores reams of data about target companies and makes the information accessible online, has increased its penetration of dealmaking activity but remains largely a due diligence tool. As it has...

Leaving the Cookie Cutter At the Boardroom Door.(Textron)
January 1, 2006... Many years ago, Textron chairman Royal Little described for me and fellow editors at the company where we then worked how he got the idea a half-century ago for turning the company into the prototypical modern conglomerate. Textron was then...

ACG Dallas/Fort Worth Teams Up With Business Journal for Inaugural M&A Awards Night.(Association for Corporate Growth)(Brief Article)
January 1, 2006... December 2005 saw the debut of the Dallas Business Journal Mergers and Acquisition Awards, honoring the dealmakers of North Texas. An idea spawned by Publisher Huntley Paton, shaped by local ACG Dallas/Fort Worth member Roger Hendren of RSM...

New ACG Board of Directors Is Announced.(Association for Corporate Growth)(Daniel A. Varroney appointed as president and ceo)(Paul Stewart appointed as chairman)(Peter Coffey appointed as immediate past chairman)
January 1, 2006... The ACG board of directors, comprised of officers, committee vice chairmen, and chapter representative directors, took office January 1, 2006. Under the leadership of Chairman Patrick Hurley and President and CEO Dan Varroney, who assumed his...

ACG Membership Offers Psychic Rewards.(Association for Corporate Growth)
January 1, 2006... The psychic or intangible income I receive from being a member of and serving in leadership roles at ACG is immense. It continues to amaze me how many ways ACG can touch your life professionally and personally. Being associated with the ACG...