Gods at War: Shotgun Takeovers, Government by Deal, and the Private Equity Implosion

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Gods at War: Shotgun Takeovers, Government by Deal, and the Private Equity Implosion Page 42

by Steven M. Davidoff


  Busch, Augustus A. IV

  Bush, President George H. W.

  Bush, President George W.

  C

  Cablevision

  CalPERS (California pension fund)

  Canadian Supreme Court

  Carlino, Peter M.

  Carlyle Group

  Carmody v.Toll Brothers, Inc.

  Carroll, Lewis

  Case, Stephen

  Cash

  as acquisition currency

  deals

  financing

  reserves

  and takeovers

  Cash-settled equity derivatives

  Cayne, James

  C-Bass LLC

  CBS Corporation

  Celanese Corporation

  Centerbridge Partners LP

  Cerebus Capital Management LP

  Cerebus-United Rentals dispute

  Chandler, Chancellor William B.

  Chesapeake Corp. v. Shore

  Chevron Corporation

  Children’s Investment Fund versus CSX

  China

  rise of economy

  China International Trust & Investment Corporation (CITIC)

  China Investment Corp. Ltd. (CIC)

  Chinalco

  Chrysler LLC

  Citic Securities

  Citigroup

  bailout

  City Capital Assocs. Ltd. P’ship v. Interco

  CKX, Inc.

  Clayton Antitrust Act

  Clayton, Dubilier & Rice

  Clear Channel Communications, Inc.

  litigation

  CNBC

  CNET Networks, Inc. Jana versus

  CNOOC Ltd.

  Coach, Inc.

  Collar mechanisms

  College Cost Reduction and Access Act of 2007

  Committee on Foreign Investment in the United States (CFIUS). See also Exon-Florio Amendment and foreign investment

  Commodity bubble

  Commonwealth Associates v. Providence Health Care Inc.

  Company auctions

  Compaq Computer Corp.

  Conglomerates acquisition craze

  Consolidated Edison, Inc. v. Northeast Utilities

  Consolidated Supervised Entity (CSE) program

  Constellation Energy Group Inc.

  Contingent value rights (CVRs)

  Corporate governance

  “good governance” trend

  Corporate raiders

  Countrywide Financial Corporation

  Covenant-lite debt

  Cowen & Company

  Cox, Christopher

  craigslist

  Credit

  agreements

  bubble

  crash of 1989

  crisis

  markets,

  risk

  scarcity

  Credit default swaps

  Credit Suisse Group AG

  Cross-border transactions

  CSFB Private Equity

  CSX Corp.

  D

  Daimler-Benz AG

  Danone SA

  Dash, Eric

  Davis, Martin

  Davos conference of 2009

  “DealBook” column (Davidoff)

  “Deal Journal, The”

  Deal machine

  Dealmaking, xvii. See also Globalization of dealmaking

  beyond a crisis age

  discipline

  global business

  institutionalization of

  lack of activity

  personality

  reform needed

  Deal-protection devices

  Dean Witter & Co.

  Debt. See also Credit

  commitment letters

  financing

  Debtor-in-possession financing

  Delaware

  case law

  legislature

  Delaware Chancery Court

  Delaware Supreme Court

  Delaware takeover law management buyouts and going privates

  Department of Commerce

  Department of Justice

  Deritives. See Cash-Settled Equity Derivatives

  D.E. Shaw & Co.

  Diebold, Inc.

  Diller, Barry

  Dimon, Jamie

  Dinallo, Eric

  Disclosure requirements

  Disney-Infoseek deal

  Distressed deals

  Dolan family

  Dow Chemical

  Dow Jones & Co.

  Dow Jones Industrial Average

  Drew, Daniel

  Drexel Burnham Lambert Inc.

  Dr. Pepper Company

  Dubai Ports

  Due diligence

  Dynegy Inc.

  E

  eBay Inc.

  EDF Group

  Eller &Company

  Ellison, Larry

  Emergency Economic Stabilization Act of 2008

  Employee Retirement Income Security Act

  Englehard

  Enron Corporation

  Equity Office Properties Trust, xvi

  Erie Gang

  Erie Railroad. See New York &Erie Railroad

  ESB, Inc.

  Evercore Partners Inc.

  Evergreen Investments

  Exchange Act Section 13(d)

  Exchange offer

  Executive compensation . See also Agency costs

  Exon-Florio Amendment

  F

  Faber, David

  Fairchild Semiconductor Corporation

  Fannie Mae (Federal National Mortgage Association)

  nationalization of

  FDIC (Federal Deposit Insurance Corporation)

  Federal Deposit Insurance Corporation (FDIC)

  Federal government as dealmaker

  Federal Home Loan Mortgage Corporation (Freddie Mac)

  Federal Housing Finance Agency (FHFA)

  Federalist Paper Number

  Federal National Mortgage Association (Fannie Mae)

  Federal Reserve

  Federal Reserve Bank of New York

  Federal takeover law. See also Restructuring Takeovers

  Federal Trade Commission

  Feinberg, Stephen

  Fertitta,Tilman

  FHFA (Federal Housing Finance Agency)

  Fiat

  Financial crisis, xvii

  Financial institutions, distress of benefits from investments by sovereign wealth funds

  Financial panics

  Financial revolution, xvii

  Financial Services Authority

  Finish Line Inc.. See also Genesco-Finish Line Case

  Fiorina, Carly

  First Boston Corp.

  First Data Corp.

  First Magnus Financial Corp.

  Fisk, James

  Foot Locker, Inc.

  Forbes, Steven

  Forbes

  Force-the-vote provision

  Ford Motor Company

  Foreign investment in the U.S. Regulation of

  Fortis Holding SA/NV

  Forstmann, Teddy

  Forstmann Little & Co.

  Fortress Investment Group

  Foundry Networks, Inc

  Franke, Joele

  Freddie Mac (Federal Home Loan Mortgage Corporation)

  nationalization of

  Fred Meyer, Inc.

  Freescale Semiconductor, Inc.

  Frontier

  FSB

  Fujitsu Ltd.

  Fuld, Richard Jr.

  G

  Gates, Bill

  Geithner, Timothy

  General Electric Co.

  General Motors Corporation

  Genesco Inc.

  Genesco-Finish Line case

  GeoCities

  GE Plastics

  Germany

  Getty Oil Co.

  Gibson Greetings Inc.

  Gilded Age

  Gillette Co.

  Global Crossing Ltd.

  Globalization of dealmaking

  GMAC LLC

  Going
-private transactions

  Golden parachute

  Goldman Sachs Capital Partners

  Goldman Sachs Group Inc.

  Goodbody &Company

  Goodyear, Charles “Chip”

  Google Inc.

  Go-shops

  Gould, Jay

  Government by deal assessing

  Government Corporation Control Act

  Government-sponsored enterprises (GSEs)

  Grayken, John

  Great Britain

  Great Depression

  Green v. Sante Fe Industries, Inc.

  Greenberg, Alan C.

  Greenberg, Hank

  Greenbrier Resort

  Greenhill & Co.

  Greenmail

  Greenspan, Alan

  Grupo Modelo S.A.V. de C.V.

  Guidant Corp.

  Gulf Oil

  Gung Ho (movie)

  H

  Hamilton, Alexander

  Harman, Sidney

  Harman International, Inc.

  Harrah’s Entertainment Inc.

  Harrigan, Sean

  Harris, Joshua

  Harris Corp.

  Hartley, Fred

  Hart-Scott-Rodino Antitrust Improvements Act

  Harvard University endowment

  HD Supply, Inc.

  Hedge fund activism

  future of

  investors

  opposition to

  results

  rise of

  shareholders

  Hedge funds

  “Event-driven”

  Hercules Inc.

  Hewlett, Walter

  Hewlett Packard Co.

  Hexion Specialty Chemicals, Inc.

  High-yield bonds collapse in market in 1989

  Hohn, Chris

  Hollywood

  Hologic Inc.

  Hostile takeovers

  activity

  future, of

  offers, xvii

  Houdaille Industries

  Housing crisis

  Huawei Technologies Co., Ltd.

  Huntsman, Jon

  Huntsman, Peter R.

  Huntsman Corp.

  buy-out

  Huntsman

  Hutchison-Whampoa Ltd.

  I

  IBP Inc.

  Icahn, Carl

  InBev N.V./SA.

  InBev transaction

  India

  Industrialization of foreign countries

  IndyMac Federal Bank

  In re IBP Inc. v. Shareholders Litigation

  In re IXC Communications Inc. Shareholders Litig.

  In re Netsmart

  In re Pennaco Energy, Inc. S’holders Litig.

  In re Toys “R” Us, Inc. S’holder Litig.

  Institutional investors

  activism of

  Institutional traders

  Interest rates

  International Monetary Fund

  International Nickel Company of Canada

  Interstate Commerce Act

  Investment bank

  institutional model of

  J

  Jana Partners LLC

  versus CNET

  Jana case

  Japan

  J.C. Flowers Group

  JDA Software Group Inc.

  Jeffries&Company

  Johnson, Ross

  JPMorgan

  acquires Bear Stearns

  Junk bonds (see high-yield bonds)

  “Just say no” defense

  K

  Kaplan, Judge Lewis A.

  Kerr-McGee Corp.

  Kijiji

  Kimmitt, Robert

  Knowlton, Phillip

  Kohlberg, Jerome Jr.,

  Kohlberg Kravis Roberts & Co. (KKR), xvi and origin of private equity

  Konrath, James A.

  Korea Exchange Bank

  Kozlowski. Dennis, xvii

  KPMG

  Kravis, Henry, xvi

  Kuwait

  Kuwait Investment Office

  L

  Lamb,Vice Chancellor Stephen P.

  Lamphere, Gilbert H.

  Landry Restaurants, Inc.

  Lauder, Leonard A.,

  Lazard Ltd.

  Lehman Brothers Holdings, Inc.,

  bankruptcy of

  sale of

  Leveraged buy-out. See also Private equity

  Levin, Jerry

  Lewis, Kenneth D.

  Linens ‘n Things

  Ling, James Joseph

  Lipin, Stephen

  Lipton, Marty

  Liveris, Andrew

  Loeb, Daniel

  Lockups

  defined

  examples of

  London Stock Exchange Group PLC

  Lone Star Funds

  Lord, Albert L.

  Lotus Corporation

  Lowenstein Sandler

  Lucent Technologies Inc.

  M

  MAC clauses

  carve-outs

  future of

  in flux

  laws governing

  purpose of

  wars of fall 2007

  Mack, John

  MAMCO Manufacturing

  Management buyouts, (MBOs)

  Manchester City soccer team

  Mao, Robert

  Market check scope of

  Mars Inc.

  Masri, Edgard

  Material Adverse Change Clauses. See MAC clauses

  Meier, Roger

  Mentor Graphics Corp. v. Quickform Design Systems, Inc.

  Mercier, et al. v. Inter-Tel

  Merck & Co., Inc

  Merger-of-equal transactions

  Mergers

  Long-form

  Merrill Lynch & Co., Inc.

  sale of

  Mervyn’s

  Mesa Petroleum Corp.

  MGIC

  MGICRadian acquisition transaction

  Microsoft Corporation

  MidAmerican Energy Holdings Co.

  Middle Eastern Islamic nations

  Midwest Air Group Inc.

  Milken, Michael R.

  MIT Sloan School of Management

  Mitsubishi Bank

  MM Companies, Inc. v. Liquid Audio, Inc.

  MONY Group S’holder Litig.

  Moody’s Investor Service

  Moral hazard

  Morgan, J. P.

  Morgan Stanley

  saving of

  Mortgage Guaranty Insurance Corporation (MGIC)

  Mortgage-related assets

  Mozilo, Angelo

  Mubadala Development Company

  Mudd, Daniel H.

  Murdoch, Rupert

  Mutual funds

  Myers Industries, Inc.

  N

  Nasdaq Group Inc.

  National Amusements Inc.

  National Security Foreign Investment Reform and Strengthened Transparency Act (FISA)

  NCS HealthCare

  Neiman Marcus Inc.

  New Century Financial Corp.

  Newmark, Craig

  News Corp.

  New York & Erie Railroad

  New York Stock Exchange (NYSE) Listing Rule

  Northern Natural Gas

  Norway Government Pension Fund

  No-talks

  Novelly, Paul A.

  NYNEX

  O

  Obama, President Barack

  Obama administration

  Office of the Comptroller of the Currency (OCC)

  Office of Thrift Supervision

  Ohio Mattress Company

  Omnicare v. NCS HealthCare

  O’Neal, Stanley

  Ontario Teachers’ Pension Plan

  Optima International of Miami v.WCI Steel, Inc.

  Oracle Corp.

  Oregon Council

  Orman v. Cullman

  P

  Pac-Man Defense

  Palin, Governor Sarah

  PanAmStat Corp.

  Pandit,Vikram

  Panic

  AIG collapse


  Bear Stearns collapse

  Financial panics

  Lehman, collapse

  Wall Street panic

  Pantry Pride Inc.

  Paramount Communications, Inc. Time Inc.

  Paramount Communications v. QVC Network

  Paramount Pictures Corp.

  Parsons,Vice Chancellor Donald F.

  Paulson, Henry J. Jr.

  Payment in kind (PIK) security. See also PIK-toggles

  Peninsular & Oriental Steam, Navigation Company (P&O)

  Penn National Gaming, Inc.

  Pennzoil v.Texaco

  Pension funds

  PeopleSoft Inc.

  Perelman, Ronald O.

  Pershing Square Capital Management LP

  Personality element. See also Dealmaking

  importance of

  Petrochemicals Industries Company

  Pfizer Inc.

  PHH Corp.

  Phillips Petroleum

  Pickens,T. Boone

  PIK-toggles. See also Payment in kind (PIK) security

  Pirate Capital LLC

  Pixar

  Poison pen

  Poison pill

  effects of

  Pooling accounting

  Portnoy v. Cryo-Cell Int’l, Inc.

  Powell, Colin L.

  Prince, Charles

  Prince Alwaleed bin Talal of Saudi Arabia

  Private equity,

  bubble

  economic incentives

  fault and failure of

  firms

  future of

  implosion of

  in sixth wave

  origins and history of

  takeovers

  transactions

  Private Equity Council

  Private trading markets

  Proctor & Gamble

  Providence Equity Partners LLC

  Proxy contest

  Purchase accounting

  Q

  Qatar

  QVC, Inc.

  R

  Radian Group Inc.. See also MGICRadian acquisition

  RCA Corp

  Realogy Corp.

  Record date

  Reddy Ice Holdings, Inc.

  Redstone, Sumner

  “Regulation by deal” approach of government

  Reserve Primary Fund

  Restructuring takeovers

  dealmaking

  Delaware takeover law

  federal takeover law. See also Restructuring Takeovers due diligence and disclosure proposal for reforming federal takeover code tender offer and merger parity

  Reverse auctions

  Reverse termination fee

  Revlon Inc.

  Revlon, Inc. MacAndrews &Forbes Holdings, Inc.

  Duties under (Revlon duties)

  Rigas, John

  Rio Tinto

  Rising Sun (Crichton)

  RiskMetrics

  RJR/Nabisco acquisition,

  Roberts, George R.,

  Roche Holding, A.G.

  Rockefeller Center

  Roehm, Carolyne

  Rohm & Hass

  Rosenstein, Barry

  Roth, Steven,

  Royal Bank of Scotland Plc

  Rule 10b-13

  Rule 14e-5

  S

  S&L scandal

  Sandell Asset Management Corp.

  Santiago Principles

  code of conduct

  definition of sovereign wealth funds

  Sara Lee Corporation

  Sarbanes-Oxley Act

  “Saturday night special”

  Saudi Arabia

  Saudi Basic Industries Corporation

  Savings imbalance

  “Scarlet Woman of Wall Street”

 

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