Publications

January 2005 (Revised April 2006)
Case

Four Deals

By: Carliss Y. Baldwin

Describes four disguised deals with different characteristics from the perspective of the acquirer. Asks students to compare, contrast, and rank the opportunities. View Details

Keywords: Mergers and Acquisitions; Negotiation Deal

November 1997
Case

Comptronics Associates, Inc.

By: David F. Hawkins and Norman Bartczak

The acquirer wants the acquired company to be accounted for as a pooling of interests. View Details

Keywords: Mergers and Acquisitions; Accounting

July 1989
Case

Merger Negotiations Between Farmland, Cenex, and Land O'Lakes (A)

By: Ray A. Goldberg

Keywords: Mergers and Acquisitions; Negotiation; Agriculture and Agribusiness Industry

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Mortimer presided over an intensive period of growth and investment at General Foods. He dramatically expanded the company’s production capabilities and pursued acquisitions to balance the company’s product offerings. During his tenure,... View Details

Keywords: Food & Tobacco

William F. Laporte

Laporte grew revenues, earnings, earnings per share and dividends every year of his CEO tenure with return on equity averaging 30% from 1971 to 1981. Laporte built American Home Products through debt-free strategic acquisitions and... View Details

Keywords: Healthcare

Armand Hammer

Hammer expanded Occidental Oil from a tiny, near-bankrupt California oil firm into one of the “Big Oil” companies - turning it into a conglomerate, beginning with the acquisition of an oil concession from Libya. Hammer was also... View Details

Keywords: Utilities & Energy

August 10, 2023
Editorial

A Conversation on the Draft Merger Guidelines

By: Cory S. Capps and Leemore Dafny

Keywords: Mergers and Acquisitions; Government Legislation

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July 1982 (Revised August 2006)
Background Note

Tax Factors in Business Combinations

By: Henry B. Reiling

Discusses the theory and rules governing the taxation of business combinations (mergers and acquisitions). Related information from state corporate law, federal securities law, accounting, and finance is also provided. A rewritten version of an earlier note. View Details

Keywords: Taxation; Mergers and Acquisitions; Law

July – August 2000
Article

Drug Industry Mergers Won't Necessarily Benefit R&D

By: Rebecca M. Henderson

Keywords: Mergers and Acquisitions; Health; Research and Development

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Through strategic acquisitions including Parke-Davis, American Optical Company, and Vister, Hensley significantly expanded Warner-Lambert’s business lines and international presence. Under his leadership, revenues and earnings more than... View Details

Keywords: Personal Care & Home Products

Fred R. Lazarus, Jr.

Through acquisitions and organic growth, Lazarus, Jr. created the largest department store operation in the United States (including Filene’s, Bloomingdale’s, and Bullocks). Lazarus targeted the middle class through attractive store... View Details

Keywords: Retail

Fast Answer

International land development resources

Where can I find information on land development? Land Matrix: Information about large-scale land acquisitions (LSLAs) in low- and middle-income countries. Explore the geographic information systems (GIS) map and search... View Details

07 Dec 2015
News

Making Higher Ed Accessible to Africans

and executive I am today.” His success there also positioned him well to pursue his dream of helping to transform postsecondary education in Africa. With the acquisition of two Cavendish Universities (Uganda, Zambia) and a significant... View Details

January 2014 (Revised September 2015)
Case

Mittal Steel's Pursuit of Arcelor (A)

By: Paul M. Healy and Penelope Rossano

Lakshmi Mittal, CEO of Mittal Steel, a UK-based company with Indian roots, took advantage of a weakened Arcelor that had successfully won a bidding war for Canadian steel company Dofasco, with an unsolicited bid to buy the company. Mittal's plans for acquiring Arcelor... View Details

Keywords: Fiduciary Duty; Steel; India; Europe; Governance; Mergers; Board Decisions; White Knight; Strategy; Negotiation; Mergers and Acquisitions; Corporate Governance; Cross-Cultural and Cross-Border Issues; Steel Industry; Canada; United Kingdom; Russia; India

January 2011 (Revised July 2012)
Case

National Public Broadcasting

By: Richard S. Ruback and Royce Yudkoff

Bob Williams, the CEO of National Public Broadcasting (NPB), was considering an unsolicited offer to purchase the company in the early spring of 2006. The company was a media underwriting representative for public television and radio stations throughout the United... View Details

Keywords: Mergers and Acquisitions; Decision Choices and Conditions; Financial Management; Ownership; Advertising Industry; Media and Broadcasting Industry