MOGEN‚ INC. Teaching Note Synopsis and Objectives In 2006‚ Merrill Lynch became the lead book runner for a $5 billion convertible bond issue for MoGen‚ Inc. This was the single‚ largest convertible bond issuance in history and required a considerable amount of effort on the part of Merrill Lynch’s Equity Derivatives Group to convince MoGen’s management to choose Merrill Lynch over its competitors. The case is focused on Merrill Lynch’s choice of the conversion premium and coupon rate
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Lynch become the lead book runner for a $5 billion convertible bond issue for MoGen‚ Inc.‚ which was the single-largest convertible bond issuance in history. Merrill Lynch’s Equity Derivatives Group needed to convince MoGen’s management of the best coupon rate and conversion premium for MoGen and the potential investors in the issue. BACKGROUND MoGen‚ Inc was one of the leading company in the biotechnology industry. MoGen (Molecular Genetics) emerged with two of the first biologically derrived human
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Experiment 41: 4-Methylcyclohexene Introduction: This experiment was a study of protonating a cyclo-alcohol to become a cyclo-ene. In this case 4-methylcyclohexanol was protonated using phosphoric acid to become 4-methylcyclohexene. This demonstrates the loss of an alcohol group by protonation‚ the loss of a proton from the cyclohexane to form an alkene through elimination. This also demonstrates Le Chatelier’s principle‚ by using distillation to remove the product as it is formed the equilibrium
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MoGen On January 10‚ 2006 the managing director of Merrill Lynch’s Equity- Linked Capital markets Group‚ Dar Maanavi‚ was reviewing the final drafts of a proposal for a convertible debt offering by MoGen‚ Inc. As a leading biotechnology company in the United States‚ MoGen had become an important client for Merrill Lynch over the years. In fact‚ if this deal were to be approved by MoGen at $5billion‚ it would represent Merrill Lynch’s third financing for MoGen in four years with proceeds raised
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Understanding Retailing 2013 Jeroen Deltion College 31-1-2013 Inhoud P1 2 P2 8 P3 16 P4 22 P1 Describe structure and organisation of the retail sector. Definition of retailing: Retailing is to provide services and products to make profit. Retailing consists of the sale of goods for personal or household consumption operating from an appropriate location offering wide range of access to its target audience. For example a supermarket like C1000. Ensuring enough stock is available
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Paraphrase and Summary of Genesis 41 When the two full years had passed‚ pharaoh the King of Egypt had a dream. He was himself standing by the Nile River. When out of the river‚ there came up seven cows‚ sleek and fat. Seven ugly and gaunt bulls ate up the fat and smoothie ones. Pharaoh woke up. He slept and had a second dream. He saw seven ears of healthy and good wheat grown up on a single stalk. Seven ears of corn scorched by the East wind. The thin barley swallows up the healthy ears. Then‚
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Esmeralda Curiel Organic Chemistry October 21‚ 2014 Experiment 41- 1‚4-Diphenyl-1‚3-Butadiene INTRODUCTION The study of the Wittig Reaction is important because it is often used to form alkenes from carbonyl compounds. The purpose of this experiment is to isolate the trans‚ trans-1‚4-diphenyl-1‚3-butadiene‚ which is formed by a Wittig reaction along with the cis‚ trans isomeric diene. The reaction is carried out in two steps. First the Wittig salt is obtained through a simple nucleophilic displacement
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I. Introduction A. Concepts in nutrition‚ medical nutrition therapy‚ and organ systems concerned Nutrition is the study of food in relation to health. The Food and Nutrition Council of the American Medical Association defined nutrition as the “science of food‚ the nutrients and other substances therein‚ their action‚ interaction and balance in relation to health and disease‚ and the processes by which the organism ingests‚ digests‚ absorbs‚ transports‚ utilizes and excrete food substances
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Visa‚ Inc. IPO Keller / Devry Managerial Finance - FIN-516 Visa American Express and the Diner’s Club were the forerunners in the consumer credit card business issuing their first cards to approximately 200 people in the mid to late 1950’s. The cards were mainly used for restaurants and entertainment purposes and the balances had to be paid immediately. In the summer of 1958‚ Bank of America (which would later grow and spinoff Visa and also become spinoff itself as the Bank of America Corporation
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MB0041/MBABF –Financial and Management Accounting Assignment Q3. Draw the Balance Sheet for the following information provided by Sarawath Ltd.. a. Current Ratio : 2.50 b. Liquidity Ratio : 1.50 c. Net Working Capital : Rs.300000 d. Stock Turnover Ratio : 6 times e. Ratio of Gross Profit to Sales : 20% f. Fixed Asset Turnover Ratio : 2 times g. Average Debt collection period : 2 months h. Fixed Assets to Net Worth : 0.80 i. Reserve and Surplus to Capital : 0.50 | Balance Sheet Liabilities
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