In M&A, Public Displays of Disaffection
August 29th, 2008 piotr zukowskiCorporate acquirers are increasingly backing their targets into a corner by taking their unsolicited offers public.
Corporate acquirers are increasingly backing their targets into a corner by taking their unsolicited offers public.
Mexican mining company Grupo Mexico has unveiled its plan to win back control of Asarco and take the copper-mining company out of bankruptcy, a proposal that calls for investing $2.7 billion in Asarco to repay creditors.
Aozora Bank hired veteran distressed-debt specialist Brian Prince to help it find bargains in the global credit crunch and step up its push into specialized loan products.
Sports-apparel maker Quiksilver agreed to sell its Rossignol unit to a group led by former Rossignol CEO Bruno Cercley for nearly $150 million.
Many businesses are trying to do their part for the environment by reducing the amount of paper they use. Financial firms are no exception as many are trying to reduce costs and be environmentally friendly by introducing paperless record keeping.
When Michael Birch met an American brunette named Xochi at a college bar in London, he wasn’t just meeting his future wife. It was also the beginning of a beautiful business.
When is the best time to start thinking about a career for
your child? How about never? Barbara Moses, author of What Next?
Find the Work That’s Right For You, says parents should just stay
out of career choices for their kids, but usually they can’t help
themselves. “They start really young. Everything a child does as
early as six or seven is interpreted by the parents. Little Johnny
argues against mash potatoes and they’d think he’d make a great
lawyer,” says Ms. Moses. Every parent wants their child in the glory
jobs of doctor or lawyer because of the prestige, the security and
the idea that they well be paid well. The truth is if you have an
entrepreneurial spirit, says Ms. Moses, you can take any skill and
turn it into a well-paying and lucrative career. Today’s carpenter
could be tomorrow’s major home builder.
The US economy grew 3.3% in the second quarter of 2008, the Commerce Department said, much higher than first thought.
Some mobile phone operators across Europe have been rounding up call durations to leave customers with higher bills, the European Commission says.
China’s state-oil firm CNPC has agreed a $3bn (£1.63bn) oil services contract for Iraq, the first by a non-US firm.