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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Mergers and Acquisitions Mergers and acquisitions (M&A) seem to have become common place in the publicly-traded business world and the two terms are often used interchangeably. By definition‚ an acquisition is the "takeover of a firm by purchase of that firm’s common stock or asset (Brealey‚ Meyers‚ Marcus‚ 2004‚ p.590)‚ and a merger is defined as "combination of two firms into one‚ with the acquirer assuming assets and liabilities of the target firm" (Brealey et al‚ 2004‚ p. 589). However‚ mergers
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Case summary: MRC‚ Inc. is a Cleveland based manufacturing company specialized in power brake systems for trucks‚ buses‚ and automobiles; industrial furnaces and heat treating equipment; and automobile‚ truck and bus frames. As till 1957 most of MRC’s sales were made to less than a dozen large companies in the automotive industry‚ it was exposed to the risk inherent in selling to a few customers in a very cyclical and competitive market. To minimize the risk and to explore new business opportunity
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forward-looking information relating to the acquisition of Power-One by ABB. Such forward-looking statements are based on current expectations but are subject to risks and uncertainties‚ many of which are difficult to predict and are beyond the control of ABB‚ which could cause actual outcomes and results to differ materially from current expectations. No forward-looking statement can be guaranteed. Among other risks and uncertainties‚ there can be no guarantee that the acquisition will be completed‚ or if it is
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EXECUTIVE SUMMARY In 2006‚ Merrill 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
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1) 1. What are the defining characteristics of the luxury goods industry? What is the industry like? A luxury brand may have profound influence on an overall product strategy since its position may determine how the company is going to make its next step. A luxury brand like Coach epitomizes elegance and combines classic beauty with modern design. According to John E. Gamble‚ not only has Coach become one of the most respected and known brand names in the ladies’ handbags and leather accessories
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Dutch brewer Heineken (HEIN.AS) said on Friday its acquisition of the rest of Asia Pacific Breweries would boost its earnings per share slightly in the first year and yield 25 million euros ($33.5 million) of synergy benefits this year and next. (8th February‚ 2013) Heineken had must to do deal with APB to avoid thebev to acquire it. Competitor in growth market However‚ the deal will raise Heneiken’s debt ratio to 3.3‚ more than its target 2.5‚ according to the Wall Street Journal. This will limit
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Team Research Paper Case # 22 Procter & Gamble ’s Acquisition of Gillette Professor – Dr. Lisa Eshbach By Andrea West Inderjit Gill Rajiv Shah Company Information [pic] Procter & Gamble Co. One Procter & Gamble Plaza Cincinnati‚ OH 45202 United States Phone: 513-983-1100 Fax: 513-983-4381 http://www.pg.com [pic] Synopsis – Procter & Gamble ’s Acquisition of Gillette Where would the world be without Procter & Gamble? No Ivory soap‚ no Oil of Olay‚ no Jif peanut
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Plaintiff-Appellant‚ - v. - PEPSICO‚ INC.‚ Defendant-Appellee. Docket No. 99-9032 UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT 210 F.3d 88; 2000 U.S. App. LEXIS 6855; 41 U.C.C. Rep. Serv. 2d (Callaghan) 779 March 21‚ 2000‚ Argued April 17‚ 2000‚ Decided PRIOR HISTORY: [**1] Appeal from a grant of summary judgment for Defendant in the Southern District of New York (Wood‚ J.) in an action seeking specific performance of an alleged offer of a Harrier Jet featured in a television
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| TRENDSETTERS INC. Term sheet Negotiations | Entrepreneurship and Venture Capital | | | Introduction: Trendsetter Inc. was formed by Wendy Borg and Jason Kushdog‚ the CEO and the COO respectively‚ in March 2000‚ to deliver innovative warehouse and distribution management software program for clothing retailers. The “founders” started the firm after quitting their respective jobs and decided to pool in their savings in the firm. The software produced by the firm would contain a demand
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