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



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M&A’s US Perspective (Session I)

02 de septiembre de 2010   | Vistas: 1 |  

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. 

 

 

 


James J. Hanks, Jr. is adjunct professor of law at Cornell University and Northwestern University. He is also advisor in…

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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