Case Study Questions –Paramount Communications Inc. 1993- Why a paramount is a takeover target? Several Strategic Reasons - Cost reduction: through combinations of similar business and economy of scales - Sales increase: a) cross-promotions of each company’s brand and utilization of each company’s channels‚ and b) cooperation in international businesses. 2. Which of the two firms (Viacom or QVC) would make a better fit with Paramount? -Viacom: Overlap in the business creates
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Assignment According to Bengt Holmstrom and Steven N. Kaplan in their article published in the Journal of Economic Perspectives‚ corporations during the 1980’s went through a period of merger‚ takeovers and restructuring activity. The use of leverage became a common practice as corporations financed takeovers and were made private by leveraged buyouts. These activities were characterized by the use of hostility and the emergence of raiders. Furthermore‚ Michael C. Jensen attributes this massive organizational
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To what extent was Lenin crucial to the Bolshevik seizure of power in October 1917? On 24th October 1917 the Lenin and the Bolsheviks led a revolution in Russia. The Bolshevik Red Guards led a revolution against the Provisional Government by seizing control of stations‚ telephone exchanges‚ post offices‚ the national bank and the Winter Palace in Petrograd. Now Lenin set about creating the world’s first communist state. Although he was a strong influence‚ he was not solely responsible for the outbreak
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1.Which wage standard for foreign sweatshops is supported by Ian Maitland? Market wages in the area where the sweatshop is located 2.Which description of a fair wage is most clearly based on utilitarian ethics? Wage that is based for the economy as a whole 3.Which standard for firing workers is known as “employment at will” For any good or bad cause or even with no reason at all 4.Which exception to employment at will is currently enforced by US law? Christian workers cannot be fired out
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Berkovitch‚ E.‚ Narayanan‚ M.P. (1993). Motives for Takeovers: An Empirical Investigation. The Journal of Financial and Quantitative Analysis‚ 28 (3)‚ 347-362 Brouthers‚ K.D.‚ van Hastenburg‚ P.‚ van den Ven‚ J. (1998). If Most Mergers Fail Why Are They so Popular? Long Range Planning‚ 31 (3)‚ 347-353 Burkart‚ M.‚ Panunzi‚ F. (2006). Takeovers. ECGI - Finance Working Paper‚ 188 Cebenoyan‚ A.S.‚ Papaioannou‚ G.J.‚ Travlos‚ N.G. (1992). Foreign Takeover Activity in the U.S. and Wealth Effects for Target
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for racketeering and other offenses‚ including illegal takeover of publicly traded company [Press release]. Retrieved from http://www.justice.gov/opa/pr/2011/November/11-crm-1433.html Federal bureau of investigation. (2011‚ December). In Mafia family fraud. Retrieved June 9‚ 2013‚ from http://www.fbi.gov/news/stories/2011/december/mafia_121211/mafia_121211 Voreacos‚ D.‚ & Pearson‚ S. (2011‚ November). FirstPlus financial hit by mom takeover‚ prosecutors say. Business week. Retrieved June 9‚ 2013
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firm wants to achieve. In perfect markets a proper managerial objective is to maximize its firm’s market value. The powers of the managerial behaviour are by no means unconstrained. On one hand they are constrained by the shareholder‚ involuntary takeover‚ and by the debt market through threat of capital starvation while on the other hand they are constrained by the ever present force of competition in product markets and its managerial labour market. While there are significant differences among
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Dayton Jewelers. In 1968 it bought the Pickwick Book Shops in Los Angeles and merged them with B. Dalton. The late 1980s found the company the focus of an unsolicited takeover bid by the Dart Group‚ which would involve lawsuits by both parties before a stock market crash in October 1987 ended the takeover attempt. A second attempt at takeover of the company would be made nine
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equity Concern Interco concerned stock price may be undervalued • Management felt that bad performance in apparel group is unduly dragging down Interco’s stock price. • Because of this “undervaluation‚” Interco’s management afraid may be a takeover target. Action taken by Interco Following 1987 crash‚ Interco’s board authorized repurchase of 5 million shares (by end of fiscal 1988 over 4 million shares had been repurchased – over 10% of the equity) 7/15/88 Interco announces reorganization
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of electricity serving portions of Montana and North Dakota. Reliant was in the final stages of planning a takeover of Dakota Gasworks‚ Inc. a natural gas distributor that operated solely within North Dakota. Emerson went on a weekend fishing trip with his uncle‚ Ernest Wallace. Emerson mentioned to Wallace that he had been putting in a lot of extra hours at the office planning a takeover of Dakota Gasworks. On returning from the fishing trip‚ Wallace met with a broker from Chambers Investments
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