WORLDCOM‚ INC: CORPORATE BOND ISSUANCE Introduction This case raises many interesting questions concerning the record setting issuance of corporate debt by WorldCom‚ Inc. (“WorldCom”). Both the surprisingly voluminous structure of the proposed issuance and the foreboding macro-economic climate in which it was slated spark concerns over the risk and cost of the move. One of the first questions that must be addressed is whether WorldCom’s timing was appropriate. Next‚ the company’s choice of
Premium Bond Finance Bonds
Conversion in Texas. Retrieved March 11‚ 2012. From http://www.consumersunion.org/health/txconversion798/txconver5-798.htm Health Choice. (2011). HCA hospital services. Retrieved March 11‚ 2012. From http://www.healthchoiceaz.com/generalproviders/Documents/ProviderManual/Chapter19-HospitalServices/Chapter_19_Hospital_Services_11.2011.pdf Health Finance. (2011). HCA‚ for-profit hospitals to fall under state Medicaid changes. Retrieved March 11‚ 2012. From http://www.fiercehealthfinance.com/story/changes
Premium Patient Hospital Johns Hopkins Hospital
Case Study: Columbia / HCA and the Medicare Fraud Scandal Central Facts of the Case X In 1997‚ Columbia/HCA Corporation was the largest health care company in the world X In 1996‚ Columbia Hospital Corporation was named the ¡§Most Admired Company¡¨ by Fortune magazine « Clearly they were a well-respected‚ well-trusted company not too long before they were raided‚ and during a time that they were under investigation (not known to the public at the time) for fraudulent activity X Columbia
Premium Health care Health insurance Medicine
Signal Corporation but later elected to sell it off to some senior managers when they decided that manufacturing Regina’s products is not part of their long-range strategy. The company is originally set to be sold at $31 million but due to the leveraged buyout scheme‚ the buyers ended up buying the company whose worth $98 million in assets and annual sales volumes. Of the new owners‚ Donald Sheelen‚ the former marketing head and now newly named CEO of Regina Company‚ ended up owning 54% of the firm
Premium Income statement Balance sheet Revenue
describe your approach (qualitatively) to value AirThread. Should Ms. Zhang use WACC‚ APV or some combination thereof? Explain. (2 points) * From the statement of AirThread case‚ we know that American Cable Communication want to raise capital by Leveraged Buyout (LBO) approach. This means ACC will finance money though equity and debt to buy AirThread and pay the debt by the cash flows or assets of AirThread. * In another word‚ it’s a highly levered transaction using a fixed WACC discount rate; however
Premium Net present value Rate of return Investment
The North Face‚ Inc.‚ is a manufacturer and distributor of high-grade equipment and apparel used in mountaineering‚ skiing‚ and backpacking. While the reputation of North Face was built on outfitting expeditions‚ the company’s growth in the 1990s came through the introduction of high-tech apparel in upscale retail stores. With Summit Shops‚ North Face established its use of a "store within a store" concept. In 2006‚ there were approximately 100 Summit Shops located within retail shops in the U.S
Premium VF Corporation
Critical analysis Article descriptions The journal article named “The crisis of fair-value accounting: Making sense of the recent debate” is written by Christian Laux and Christian Leuz in Accounting and Organisations and Society journal (2009). Mr Laux works as a professor of finance at the Goethe University in Frankurt and his research has been published in many journals. Mr Leuz works as a professor of International Economics at University of Chicago Booth School of Business. He has done
Premium Balance sheet Generally Accepted Accounting Principles Finance
extensively to maximise the available profits1. The market was further developed by the development of securitisation (see Chapter 7)‚ the entry into the market of non banking institutions‚ funds investing in loan products and the expansion of the leveraged buyout market in the corporate sector. Finally in various parts of the world organisations were set up to facilitate standard form documentation and operational procedures to make it easier to use the market. In the U.K. the Loan Markets Association
Premium Debt Finance Credit
MERGERS & ACQUISITIONS AREA: FINANCE PROFESSOR: COURSE E24 SESSIONS: 8 JOSÉ ANTONIO LARRAZ E-mail: jalarraz@faculty.ie.edu José Antonio Larraz is a partner in Capital Alianza‚ a Spanish private equity management firm focused in the middle market. While at Capital Alianza‚ Mr. Larraz has been involved in several acquisition and divestment transactions and has actively participated in the management of different companies in the portfolio‚ being currently a board member of Iberchem. Prior to
Premium Mergers and acquisitions Business school
Levi Strauss & Co. (LS&CO) is a privately held clothing company known worldwide for its Levi’s brand of denim jeans. It was founded in 1853 when Levi Strauss came from Buttenheim‚ Franconia‚ (Kingdom of Bavaria) to San Francisco‚ California to open a west coast branch of his brothers’ New York dry goods business. Although the company began producing denim overalls in the 1870s‚ modern jeans were not produced until the 1920s. The company briefly experimented (in the 1970s) with employee ownership
Premium Levi Strauss & Co. Jeans