Publications

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September 1986 (Revised July 2001)
Case

Eastern Electric Apparatus Repair Company (A)

By: Carliss Y. Baldwin and Harry Gruner

As principals engaged in structuring leveraged buyouts for a well-capitalized risk arbitrage firm, Bob Meehan and George Schwartz are preparing to bid for the business and assets of a Westinghouse subsidiary. The case focuses on the value of the opportunity, methods of... View Details

Keywords: Leveraged Buyouts; Bids and Bidding; Opportunities; Business Subsidiaries; Strategy; Valuation; Equity; Electronics Industry

July 2014
Supplement

Paramount Equipment, Inc., Spreadsheet for Students (Brief Case)

By: Carliss Y. Baldwin and Wei Wang

Article

Choosing the Method of Sale: A Clinical Study of Conrail

By: Carliss Y. Baldwin and Sugato Bhattacharyya

Keywords: Sales; Information; Rail Industry

October 2008 (Revised September 2011)
Supplement

PepsiCo's Bid for Quaker Oats (B)

By: Carliss Y. Baldwin and Leonid Soudakov

Second in a series on PepsiCo's bid for Quaker Oats. Describes the negotiations between PepsiCo and Quaker including due-diligence process, first bid, and counteroffer. Quaker's counteroffer included a collar on equity consideration, and thus the case offers an... View Details

Keywords: Mergers and Acquisitions; Equity; Bids and Bidding; Negotiation Offer; Negotiation Preparation; Valuation; Food and Beverage Industry

February 2008 (Revised October 2010)
Case

Mellon Financial and The Bank of New York

By: Carliss Y. Baldwin and Ryan Taliaferro

Bob Kelly, the new CEO of Mellon Financial, is considering the terms of a proposed "merger of equals" with The Bank of New York, just before the final Board meeting to approve the deal. The combination offers a great strategic fit, and the expected synergies are large.... View Details

Keywords: Mergers and Acquisitions; Equity; Banks and Banking; Business and Shareholder Relations; Valuation; Banking Industry; Pittsburgh

Educators

November 2005
Supplement

The Auction for Burger King (B)

By: Carliss Y. Baldwin and James Quinn

Keywords: Food and Beverage Industry

August 2001
Case

Finnigan Corporation

By: Carliss Y. Baldwin and Barbara Feinberg

Finnigan Corp., headquartered in San Jose, CA, was the world's leading producer of mass spectrometers, holding a 45% market share of instruments used for chemical analysis in pharmaceutical product development, environmental testing, genetic testing, and other... View Details

Keywords: Business Exit or Shutdown; Financial Crisis; Machinery and Machining; Technology Industry; San Jose

November 1999 (Revised June 2001)
Case

Compaq Computer Corporation: The DEC Acquisition

By: Carliss Y. Baldwin and Barbara Feinberg

Compaq's board of directors is faced with responsibility for setting the price range and terms for the proposed acquisition of Digital Equipment Corp. The transaction is described in the context of the rapidly evolving markets and business models of the computer... View Details

Keywords: Governing and Advisory Boards; Situation or Environment; Negotiation Offer; Acquisition; Computer Industry

Educators

2007
Working Paper

From Manufacturing to Design: An Essay on the Work of Kim B. Clark

By: Sylvain Lenfle and Carliss Y. Baldwin

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1999
Working Paper

The Value of Modularity Splitting and Substitution

1997
Working Paper

The Microstructure of Designs

1999
Working Paper

Enterprise Design: A Task Structure Plus a Contract Structure - Chapter 8

1999
Working Paper

All Modules Are Not Created Equal - Chapter 11

1999
Working Paper

The Value of Augmenting and Excluding - Chapter 12

1999
Working Paper

The Emergence of Modular Clusters - Chapter 14

2002
Working Paper

Institutional Forms, Part 1: The Technology of Design and Its Problems

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August 1974
Background Note

Note on Capitalization of Broker/Dealer Firms

By: Carliss Y. Baldwin and Claudine B. B. Malone

Article

Visualizing and Measuring Software Portfolio Architecture: A Power Utility Case

By: Robert Lagerström, Carliss Y. Baldwin and Alan MacCormack

In this paper, we test a Design Structure Matrix (DSM) based method for visualizing and measuring software portfolio architectures. Our data is drawn from a power utility company, comprising 192 software applications with 614 dependencies between them. We show that the... View Details

Keywords: Applications and Software; Infrastructure; Utilities Industry