Publications

21 Apr 2014
News

A lifetime of quiet leadership

which operated in a way that had never been done on Wall Street: Whitehead’s team proactively sought business and also became involved in facilitating mergers and acquisitions and IPOs. This spirit of... View Details

24 Apr 2014
News

Driving the family business onto a global stage

vehicles, Mahindra has engineered mergers and acquisitions that have catapulted the Mumbai-based corporation onto the world stage. Today, the multibillion-dollar enterprise is involved in information... View Details

Web

Strategic Financial Analysis Online Course | HBS Online

strategic changes Assess valuation scenarios by identifying and analyzing synergies from a merger and acquisition example Who Will Benefit Senior Managers and Consultants Analysts Aspiring Finance... View Details

March 1978 (Revised June 1983)
Case

Kennecott Copper Corp.

By: William E. Fruhan Jr.

Involves a $550 million cash tender offer by Kennecott Copper Corp. for all of the outstanding common shares of the Carborundum Corp. View Details

Keywords: Mergers and Acquisitions; Cash; Mining Industry

Educators

November 2010
Teaching Note

The Walt Disney Company and Pixar Inc.: To Acquire or Not to Acquire? TN

By: Juan Alcacer and David J. Collis

Teaching Note for 709462 and 709489. View Details

Keywords: Mergers and Acquisitions; Decision Making; Entertainment and Recreation Industry

01 Dec 1999
News

The Message and the Media: Advertising's Brave New World

On the regulatory front, the Telecommunications Act of 1996 and a relaxation of restrictions on multiple ownership of media outlets are realigning and consolidating the power of media ownership. Lastly, in the economic arena, a wave of View Details

Keywords: Peter K. Jacobs

September 2015
Supplement

Hexion/Apollo's Courtship of Huntsman Corporation (B)

By: Lena G. Goldberg and Danielle V. Holland

To be used with “Hexion/Apollo's Courtship of Huntsman Corporation (A)” HBS No. 316-028. View Details

Keywords: Fiduciary Outs; Topping Rights; Revlon Duties; Solvency Opinions; Reverse Termination Fees; Litigation Strategy; Lawsuits and Litigation; Mergers and Acquisitions

June 2021
Article

Deals in the Time of Pandemic

By: Guhan Subramanian and Caley Petrucci

The COVID-19 pandemic has brought new attention to the period between signing and closing in M&A transactions. Transactional planners heavily negotiate the provisions that govern the behavior of the parties during this window, not only to allocate risk between the... View Details

Keywords: Takeovers; COVID-19; Material Adverse Effect; Mergers and Acquisitions; Health Pandemics

SSRN

October 2009
Teaching Note

Citigroup-Wachovia-Wells Fargo (TN)

By: Guhan Subramanian and Nithyasri Sharma

Teaching Note for [910006]. View Details

Keywords: Financial Crisis; Mergers and Acquisitions; Financial Services Industry

March 1998 (Revised May 1998)
Case

Argentina's YPF Sociedad Anonima (Abridged)

By: Michael Y. Yoshino, Carin-Isabel Knoop and Cate Reavis

Describes the privatization of YPF Sociedad Anonima and the company's dilemma of whether to acquire a troubled U.S. oil company as a way of becoming a global oil company. View Details

Keywords: Mergers and Acquisitions; Globalization; Privatization

2015
Working Paper

Initial Offer Precision and M&A Outcomes

By: Petri Hukkanen and Matti Keloharju

Building on recent research in social psychology, this paper analyzes the link between the precision of initial cash offers and M&A outcomes. About one-half of the offers are made at the precision of $1 or $5 per share, and an additional one-third at the precision of... View Details

Keywords: Price; Mergers and Acquisitions; Negotiation Offer

SSRN

Read Now

April 1992
Article

Does Corporate Performance Improve after Mergers?

By: Paul M. Healy, Krishna G. Palepu and Richard S. Ruback

Keywords: Mergers and Acquisitions; Performance; Business Ventures

December 2010 (Revised February 2011)
Teaching Note

Dow's Bid for Rohm and Haas (TN)

By: Benjamin C. Esty

Teaching Note for 211020. View Details

Keywords: Business Strategy; Mergers and Acquisitions

2009
Case

Mercury Athletic Footwear, Inc.: Valuing the Opportunity (TN): Brief Case No. 4051.

By: Timothy A. Luehrman and Joel L. Heilprin

Keywords: Mergers and Acquisitions; Restructuring; Valuation; Apparel and Accessories Industry

July 2002
Article

How Serial Acquirers Turn No-Growth Into Growth

By: David F. Hawkins

Keywords: Growth and Development; Mergers and Acquisitions

2009
Simulation

Finance Simulation: M&A in Wine Country (Facilitator's Guide)

By: Timothy A. Luehrman, W. Carl Kester and Heide Diener Abelli

Keywords: Mergers and Acquisitions; Negotiation; Valuation; Value Creation; Food and Beverage Industry; Agriculture and Agribusiness Industry

May 2000 (Revised August 2001)
Case

Telecom Italia Takeover (A)

By: Michael D. Watkins, James K. Sebenius and Ann Leamon

After two months at the helm of Telecom Italia, Franco Bernabe is confronted by a hostile takeover bid from a much smaller rival. He has a few days in which to maneuver. The case describes the background of Italian telecoms and of the bid itself. Also presents the... View Details

Keywords: Negotiation Process; Mergers and Acquisitions; Leadership Style; Telecommunications Industry; Italy