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Matching entries from Houston's Clear Thinkers
Can SBC, er, I mean, AT&T swallow BellSouth?
Last year, San Antonio-based SBC Communications swallowed the much smaller AT&T Corp., but then started using the venerable AT&T brand for the merged company. This year, SBC/AT&T is attempting to eat BellSouth Corp. in an estimated $67 billion deal, which...
The ubiquitous Mr. Lipton
When the Walt Disney Co. board needed advice regarding Comcast's adverse takeover offer for Disney, who did the board call? When Richard Grasso was negotiating with the New York Stock Exchange Board regarding his compensation package, who did he call?...
Have we got a deal for you
The Wall Street Journal's ($) Holman Jenkins, Jr. notes in his Business World column today on the big mergers announced over the past week (P&G-Gillette, SBC-AT&T, and MetLife-Travelers) that management is coming up with ever more creative pitches to use...
Disneywar
First it was the battle to fight off the Comcast bid. Then, it was the trial of the corporate case of the decade. Now, it's the book -- Disneywar: The Battle for the Magic Kingdom (Simon & Schuster; 2005) by...
Comcast-Disney post-mortem
As reported yesterday, Comcast Corp. dropped its $48.7 billion unsolicited bid for Walt Disney Co., which put an end to a takeover battle that was in trouble from the start. The bottom line on this saga is that Comcast's management...
Comcast bid for Disney is dead
Comcast announced this morning that it is dropping its stagnating bid for Disney. Not surprisingly, Comcast shares rose 51 cents to $30.48 in mid-morning trading on Nasdaq....
Martin Lipton and the Disney board
This NY Times article reports on corporate attorney Martin Lipton's work with the board of Walt Disney Company in connection with the sputtering Comcast takeover bid. Mr. Lipton is famous in corporate legal circles as being one of the lawyers...
Eisner Overdrive
As one would expect, the LA Times and the NY Times are all over the Walt Disney Company Board's decision to remove Michael Eisner as chairman of Disney's board, although he will remain as CEO for the time being. However,...
What to do about Michael?
This NY Times article and this Wall Street Journal ($) article describe the problems that The Walt Disney Co. board faces in dealing with the shareholder revolt against Chairman and CEO Michael D. Eisner. Although replacing Mr. Eisner would normally...
Analyzing the proposed marriage of Tinkerbell and Howard Stern
For my money, Holman Jenkins of the Wall Street Journal (subscription requried) is one of the most insightful commentators on business and related political matters on the scene today. In today's column, Mr. Jenkins analyzes Comcast's bid for Disney. The...
Initial Tinkerbell response to Howard Stern: You're too cheap!
Walt Disney Co. has rejected Comcast's initial takeover offer. Inasmuch as Comcast's offer was low-ball, this is no surprise. However, Comcast will likely sweeten the offer and ultimately Disney's board will likely be forced to allow shareholders an opportunity to...
Will Tinkerbell hand Howard Stern a poison pill?
The LA Times reports today that Disney has hired longtime mergers and acquisitions specialist, Martin Lipton, to advise the Disney Board regarding Comcast's recent bid. Mr. Lipton is credited in legal circles as being one of the lawyers who devised...
Can Tinkerbell fend off Howard Stern?
Virtually every major newspaper is all over the Comcast bid for Disney. My vote for best coverage so far is the Wall Street Journal (subscription required), although the LA Times and the NY Times are doing a good job, too....
Analysis of Tinkerbell meeting Howard Stern
Following on yesterday's post regarding the Comcast bid for Walt Disney Co., the Wall Street Journal (subscription required) provides its typically thorough coverage here, notes Comcast President's Stephen Burke's familiarity with Disney here, speculates on rival suitors here, and provides...
Tinkerbell, meet Howard Stern
The WSJ (subscription required) weighs in with this article on Philadelphia-based Comcast's bid for Walt Disney Co. (can something be surprising and expected a the same time?). The LA Times article is also on top of the story, including a...
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