Transcript
  • 00:00    |    
    Initial credits
  • 00:18    |    
    Introduction
  • 00:30    |    
    Key conference themes
    • Combining two companies
    • The role of the board of directors
    • Defenses used by target companies
    • Appraisal rights for shareholders
  • 04:35    |    
    James J. Hanks' contact information
  • 05:19    |    
    Takeovers
    • Views on takeovers
    • Different views of companies within the United States
  • 09:21    |    
    Ways of combining two companies
  • 10:12    |    
    United States Corporation Law
  • Influence of the state of Delaware
  • 14:54    |    
    Five different ways of combining companies
  • 15:59    |    
    Five issues for combining companies
    • Separate corporate existence of the companies
    • Differentiation of shareholders
    • Treatment of creditors and claimants
    • Approval of the combination
    • Laws and procedures on appraisal rights
  • 19:56    |    
    Forms of consideration for the combinations
    • Cash
    • Own shares
    • Securities Act of 1933
      • Exceptions to Section 5
      • Section 3
      • Section 4
    • Debt notes
    • Other debt assets
    • Combination of assets
  • 31:53    |    
    Focuses of the Securities Act of 1933
  • 34:38    |    
    Five ways of combining companies
  • 34:45    |    
    Straight merger
    • Tax advantages
    • Price adjustment between parties
    • Purchase price holdback
    • Liability guarantees
    • Issues with the straight merger
  • 46:49    |    
    Shareholder's differentiation
  • 50:26    |    
    Shareholder's discrimination
  • Shareholding options
  • 56:34    |    
    Treatment of preferred shareholders
  • 58:52    |    
    Treatment of creditors
  • 01:04:04    |    
    Treatment of unknown claimants
  • 01:05:51    |    
    Transaction approvals
  • 01:07:31    |    
    Passive shareholders
  • 01:10:51    |    
    Shareholder's approvals
  • 01:12:16    |    
    Conflict of law among states
  • Constant interaction with the New York Stock Exhange
  • 01:15:54    |    
    Appraisal rights
    • Limitations to appraisal rights
    • Planning issues
    • Contract provisions
  • 01:23:00    |    
    Federal regulation issues
  • 01:28:21    |    
    Letters of intent
  • 01:30:30    |    
    Subsidiary merger
    • Liability firewall between companies
    • Economic point of view of the merger
    • Issues with respect to the combinations
    • Corporate existence
    • Proxy solicitors
    • Charter establishments
    • Approvals
    • Appraisal rights
  • 01:43:27    |    
    Final credits


M&A’s US Perspective (Session I)

New Media  | 02 de septiembre de 2010  | Vistas: 2

Due to the structure and complexity of world corporate finance in such a globalized economy, mergers and acquisitions (M&A's) have become a common practice between companies who seek to expand and maximize their profit and which currently face diverse financial adversities.  In the first session on this topic, James J. Hanks, Jr. speaks about M&A's from an American perspective.  He begins by explaining key concepts regarding takeovers and several views that exist regarding these types of corporate practices, presently.  He also explains the different ways a company can be combined under the law of the United States, including benefits and issues each option provides.  Using examples from different states and cases, he explains basic American corporate law and its role in M&A's.  Finally, amongst other important topics, he speaks about the internal, legal and financial processes that these fusions must surpass in order to succeed and consolidate themselves in much stronger financial institutions. 

 

 

 


Conferencista

James J. Hanks, Jr. is adjunct professor of law at Cornell…

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín