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In mid-April, around the time Global Crossing (GLBC) said it would be acquired by Level 3 Communications (LVLT), we footnoted a serendipitous development for Global Crossing’s senior management: a “Special Rewards Program” established in January that gave the top brass thousands of additional shares, theirs to keep “in full upon a Change in Control.” At the [...]
The no-holds-barred battle between Tenet Healthcare (THC) and Community Health Systems (CYH) would be amusing if there weren’t so much at stake: Tenet is fighting for its independence in the face of a decidedly hostile overture from Community Health; Community Health is now facing so many lawsuits and government inquiries you need a spreadsheet to [...]
We’re still recovering from South by Southwest so we didn’t make it to Omaha this past weekend for Berkshire Hathaway’s (BRK.A) annual meeting. But several footnoted readers who were there have pinged us over the past few days about some comments that Warren Buffett made on reading SEC filings. Let’s just say that Sonya, Theo and [...]
Back on Jan. 14, we sent FootnotedPro subscribers a list with our Top 10 M&A picks for 2011. Earlier today, the news crossed our inboxes that yet another company on that list — Lawson Software (LWSN) was in fact being acquired in a $2 billion deal. While a deal for Lawson had been expected for [...]
The proposed acquisition of Global Crossing (GLBC) by Level 3 Communications (LVLT) is big news in the networking world, and beyond. Among those with plenty of reason to be thrilled with the deal: Global Crossing Chief Executive John J. Legere and his immediate lieutenants. Top executives typically make out well when it comes to dealmaking, but [...]
