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Bankruptcy is, by almost all accounts, a wrenching experience, at least for individuals. For property developers and managers, it seems to be slightly more unusual than signing a new commercial lease. And, of course, for the executives hired to lead a big company out of bankruptcy, it can be lucrative indeed. We got the news [...]
Just last week – on October 12 – the news broke that Pfizer, Inc. (PFE) planned to acquire King Pharmaceuticals, Inc. (KG) for $3.6 billion in cash, which worked out to $14.25 a share. That price represented a 40% premium over the stock’s final trading price from the prior day. And, just as they always [...]
When boardroom disputes threaten to spill out into public, we imagine many a chief executive would love to sweep some of the uglier bickering under the rug. Now we find one that may have partly succeeded. The company is Brookline Bancorp (BRKL). The spat was over a bid to buy the bank early this year. [...]
For the past few years, there’s been bankruptcy chatter about Blockbuster (BLOKA). Indeed, at times the speculation has been so rampant that company executives have had to actually issues statements to the media (see this story from last year and this interview with CEO Jim Keyes from this past June) that the company was not [...]
Careful readers of footnoted — the type of folks who revel in reading the fine print — might have noticed that I haven’t been writing lately, even though if you Google footnoted you’ll see that it’s called “Michelle Leder’s Guide to What’s Hiding in SEC filings”. That’s because I had a baby boy — his [...]
