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Deutsche Borse Sweetens the Pot for NYSE: Part II

June 7, 2011

Even though Deutsche Borse and NYSE successfully vanquished NASDAQ’s rival bid, investors still needed a little more incentive to vote for the transaction.  So, Deutsche Borse is sweetening the pot.  Again. NYSE’s justification for the special dividend is interesting: The ability to provide a special dividend underscores the strength of the combined group, which will […]

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NYSE Hears it from Investors

May 5, 2011

I’ve posted about the NYSE buyout here and here.  Seems like everyday investors are starting to realize that NASDAQ is lurking with more cash.  The NY Times Dealbook reports that: But the anger that some shareholders felt over NYSE Euronext’s refusal to even negotiate with its unwanted suitors colored the meeting. Some investors voted against […]

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NYSE Keeps Fighting Off NASDAQ

April 25, 2011

I’ve posted about NASDAQ’s competing bid for NYSE and its possible risks.  Seems that the NYSE board feels the same way, announcing: This proposal does not provide compelling value, has unacceptable execution risk and is therefore not in the best interests of NYSE Euronext shareholders. Ultimately, any litigation will turn on the “unacceptable execution risk” […]

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Another Wrinkle in NASDAQ’s Bid for NYSE

April 20, 2011

I briefly posted about the decision the NYSE board has to make from a purely investor/corporate governance perspective.  The Deal Professor offers another perspective: The NYSE board also has to consider the antitrust issues involved with agreeing to be bought by NASDAQ.  Right now, NASDAQ and NYSE are two, direct, competitors in that industry.  Therefore, […]

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NYSE and Deutsche Borse Sweetening the Pot?

April 14, 2011

I haven’t spent too much time on the drama surrounding NASDAQ’s bid of NYSE Euronext (which would effectively consolidate the U.S. based markets).  Basically, NASDAQ is bidding to try and woo NYSE away from the Deutsche Borse, a German exchange. In order to keep its deal together with Deutsche Borse, NYSE has been exploring alternatives […]

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Spirit Realty Takeover Investigation

January 23, 2013

Salas Wang LLC, a national securities firm located in Chicago, is investigating the Board of Directors of Spirit Realty (“SRC” or the “Company”) (NYSE: SRC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Cole Capital Property Trust II in a stock-for-stock deal that values […]

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NASDAQ Going Hostile

May 6, 2011

In response to NYSE consistently rejecting NASDAQ’s offers to for a friendly takeover in favor of an existing deal with Deutsche Borse, NASDAQ has decided to take its bid directly to NYSE’s shareholders with a hostile takeover.  With a restructured deal, NASDAQ believes it can avoid antitrust scrutiny.

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Why is a Lawsuit Filed for Every Deal? See Below. Part II

February 18, 2011

Earlier, I posted about how lawsuits are filed for every public deal, and that evidence showed that companies that went private filed for IPOs that eventually reaped large benefits for management.  Now, if mergers are marriages, then the matchmakers are the large investment banks.  The investment banks are constantly trolling for possible deals (or in […]

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Sanofi Upping its Bid for Genzyme?

January 15, 2011

Via the NY Times Dealbook Sanofi-Aventis (NYSE: ADR) may be raising its bid for Genzyme (GENZ) $7 per share.  This would result in a roughly $1.8 billion offer increase (outstanding shares x price).

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