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Bruner, Robert F.

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AB Volvo/R?gie Nationale Des Usines Renault S.A.

In 1993, the chairmen of Volvo and Renault announced the terms under which their two firms would merge. The case describes the unusual structure of the strategic alliance that predated the merger proposal, the motives for merging, and the expected financial synergies. The tasks for the student are to evaluate the proposed terms of the merger and to recommend whether Volvo's shareholders should app ...

Adams, Inc.: Fur Industry Merger Exercise

The set of four cases composing the Fur Industry Merger Exercise affords the opportunity for a merger negotiation among students. Three potential buyers (Adams, Jindo [UVA-F-0962], and Lessard [UVA-F-0963]) compete for two potential sellers (Adams and Gallery of Furs [UVA-F-0965]). The cases give detailed financial forecasts for the target firms that are unique to each party. The forecasts form th ...

Alfin Fragrances, Inc.

Students act as outside analysts attempting to determine how Alfin will finance its expected growth based on sales of antiwrinkle cream. ...

American Telephone & Telegraph (AT&T): The AT&T/McCaw Merger Negotiation

Set in September 1992, this exercise provides teams of students the opportunity to negotiate terms of a merger between AT&T and McCaw Cellular. AT&T, one of the largest U.S. corporations, was the dominant competitor in long-distance telephone communications in the United States. McCaw was the largest competitor in the rapidly growing cellular-telephone communications industry. Prior to the negotia ...

An Introduction to Debt Policy and Value

This note is intended to provide an interactive illustration of the Modigliani-Miller theory of the effect of debt tax shields on the value of the levered firm. ...

An Overview of Patent Quality: Assessment Valuation and Financial Reporting Implications

A significant fraction of corporate market values derive from intellectual property. It is vital for the practicing manager to appreciate the risks and uncertainties surrounding intellectual property. This note focuses specifically on patent positions, arguing that these deserve special scrutiny because of an emerging crisis within and among governments, corporations, and inventors. The objective ...

Appendix of Excerpted Material From "Hugh Mccoll And Nationsbank": Term Sheets And Financial Performance

This appendix supplements the multimedia case, "Hugh McColl and NationsBank: Building a National Footprint through M&A" (UVA-F-1398M). The instructor can use this appendix as a supplement for the convenience of the reader. This document is not intended to substitute for the digital case. Note that Darden Business Publishing also makes available an Appendix that contains 68 pages of printed materia ...

Appendix To Hugh Mccoll And Nationsbank: Building A National Footprint Through M&A

This appendix supports student preparation of the associated multimedia case study of the same name (UVA-F-1398M). See the abstract and teaching note for that case to obtain a summary of the teaching purpose, subject, issues, and classroom applications. Information contained in this appendix would be useful in executive education settings and wherever the student needs hard-copy reference to the m ...

Aqua Company (B)

This case follows "Aqua Company (A)," F-0778. After the investment bankers recommend a price for Aqua in terms of financing, a stockholder of the family-owned company threatens to block the takeover, and Merrill Lynch must determine whether to offer a bridge loan to speed the deal. Two instructor Lotus worksheet files are available on computer diskettes for use with the teaching note. ...

Arcadian Microarray Technologies, Inc.

In August 2005, an investment manager of a hedge fund is considering purchasing an equity interest in a start-up biotechnology firm, Arcadian Microarray Technologies, Inc. The asking price is $40 million for a 60 percent equity interest. Managers of the firm are optimistic about the firm's future performance; the investment manager is more conservative in his expectations. He calls on the help of ...

Astral Records Ltd., North America: Some Financial Concerns

A new CEO from outside the firm takes over following the sudden death of the former CEO. Included in the new CEO's inbox are pressing decisions concerning (1) the firm's financing needs, (2) capital equipment, and (3) a general assessment of the firm's financial performance. The task for the student is to analyze these issues and recommend action. ...

Bank of Tokyo

In October 1990, the president of this bank (the 9th largest in Japan and 15th largest in the world) must design a financing plan with which to bring the bank into compliance with the new worldwide Bank for International Settlements' (BIS) capital-adequacy standards. The alternatives include (1) slowing the growth of the bank, (2) issuing equity, and (3) issuing convertible subordinated debentures ...
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