Publications

May 11, 2017
Article

Good Riddance to Big Insurance Mergers

By: Leemore S. Dafny

Federal judges issued preliminary injunctions halting mergers of four of the five largest U.S. health insurers. These decisions provide more precedent to support challenges of mergers between competitors in health care markets—whether payers or providers. View Details

Keywords: Mergers and Acquisitions; Insurance; Health Care and Treatment; Health Industry; Insurance Industry

November 1994 (Revised March 2001)
Case

Security Plus, Inc.

By: David F. Hawkins and Norman Bartczak

A company acquires an alarm system company and converts its customers from operating to sale-type leases. View Details

Keywords: Mergers and Acquisitions; Leasing; Growth and Development Strategy; Service Industry

January 1978
Article

Pooling vs. Purchase: The Effects of Accounting for Mergers on Stock Prices

By: Robert S. Kaplan, Hai Hong and Gershon Mandelker

Keywords: Accounting; Mergers and Acquisitions; Stocks; Price

18 Mar 2008
First Look

First Look: March 18, 2008

http://www.hbs.edu/research/pdf/08-083.pdf Bridge Building in Venture Capital-Backed Acquisitions Authors:Paul A. Gompers and Yuhai Xuan Abstract We compare three potential mechanisms for alleviating the asymmetric information between the... View Details

Keywords: Martha Lagace

01 Oct 2002
News

A Change of Life

firm's tutoring company, Score, a $2 million acquisition in 1996, into a $50 million operation in five years, the Times reported (July 14, 2001). In so doing, he caught the eye of an executive search firm that tried to interest him in... View Details

28 Oct 2014
First Look

First Look: October 28

Worldwide the most future-focused agency in the industry by becoming a leader in digital innovation. The case explores the tensions within the company as David Jones attempts to change the company to compete in an industry undergoing digital transformation. The case... View Details

Keywords: Carmen Nobel

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

February 1998
Teaching Note

Aladdin Knowledge Systems TN

By: Das Narayandas

Teaching Note for (9-598-018). View Details

Keywords: Mergers and Acquisitions; Competition; Marketing; Sales; Distribution; Safety; Globalization; Integration; Information Technology Industry; Europe; United States

13 May 2022
Blog Post

Climate Stories Episode #5: Phyllis Newhouse, CEO, Entrepreneur, Leader

Newhouse, whose SPAC, Athena Technology Acquisition Corp, merged with Heliogen in mid-2021 in a deal that valued the joint company at $2 billion. “I collect what I call ROCs. That means resources, opportunities, and connections. We’re... View Details

05 Apr 2016
Blog Post

Summer Internships in the JD/MBA Program

LLP, a multinational corporate law firm headquartered in New York City. While there, I divided my time between their Private Equity/Mergers and Acquisitions group and their Capital Markets group. I had the opportunity to work on an IPO... View Details

1998
Chapter

Accessing External Technological Knowledge: An Evolutionary Perspective

By: M. Tripsas

Keywords: Knowledge Acquisition; Knowledge Management; Technology; Technology Industry

Keywords: Legal;#19;#Digital Health;#20;#Ecommerce;#23;#Education Technology;#31;#Finance;#54;#Medical Devices & Hardware;#60;#Services;#64;#Software/App;#75;#Venture Capital;#238;#Fintech

of focus include entity structuring, founder issues, equity and debt financings, licensing agreements, commercial contracts, employment matters, mergers and acquisitions and other matters that inevitably come up during the life cycle of a... View Details

Web

Search Fund Fellowship | MBA

Through Acquisition (ETA) search. It is renewable for one year for total support of $130,000. During the fellowship period, HBS faculty will meet regularly with recipients to provide ongoing mentorship and guidance. This program is funded... View Details

December 2024
Case

AC Milan

By: Anita Elberse

In April 2024, Giorgio Furlani is nearing the end of his first full season as chief executive officer of Italian soccer club AC Milan. A Harvard Business School Class of 2007 graduate with a finance background, Furlani was appointed by RedBird Capital Partners’ founder... View Details

Keywords: Sports; Soccer; Football; Entertainment; Media; Talent Management; Superstars; Marketing; Strategy; General Management; Mergers and Acquisitions; Leadership; Business Strategy; Competitive Strategy; Business or Company Management; Sports Industry; Milan

May 2010
Teaching Note

Offering the Right Service in the Right Place: Growing Orthopedics at the Brigham and Women's/Faulkner (BW/F) Hospitals (TN)

By: V.G. Narayanan and Lisa Brem

Teaching Note for [108016]. View Details

Keywords: Mergers and Acquisitions; Performance Efficiency; Decisions; Competitive Advantage; Service Delivery; Health Industry

Article

Valuation Waves and Merger Activity: The Empirical Evidence

By: Matthew Rhodes-Kropf, David Robinson and S. Viswanathan

To test recent theories suggesting that valuation errors affect merger activity, we develop a decomposition that breaks the market-to-book ratio (M/B) into three components: the firm-specific pricing deviation from short-run industry pricing; sector-wide, short-run... View Details

Keywords: Valuation; Mergers and Acquisitions; Forecasting and Prediction; Price; Theory; Behavior

June 2007 (Revised January 2009)
Case

Nextel Partners: Put Option

By: Timothy A. Luehrman and Douglas Scott

Nextel Partners' shareholders have voted to exercise a put option that will require the company's largest shareholder, Sprint Nextel Corp., to purchase all the shares it does not already own. However, the put option does not stipulate a price to be paid, but rather a... View Details

Keywords: Mergers and Acquisitions; Stock Options; Price; Public Ownership; Valuation

May 2005
Supplement

GlaxoSmithKline: Reorganizing Drug Discovery (B)

By: Robert S. Huckman and Eli Strick

Supplements the (A) case. View Details

Keywords: Mergers and Acquisitions; Decisions; Operations; Performance; Research and Development; Restructuring; Organizations; Pharmaceutical Industry