個案資料
了解個案內容與學習目標，選擇授課教師及使用課程。
CIBC Wood Gundy Securities Inc. - John Labatt Limited
內容大綱
LBT Acquisition Corp. (LBTAC) made a Cdn$24 per share hostile takeover bid for John Labatt Limited (Labatt). LBTAC was a subsidiary of Onex Corporation (Onex), a Toronto-based conglomerate which secured financial assistance from Quilmes Industrial S.A., a Luxembourg-based holding company. Prior to the Onex bid, Labatt had been negotiating a merger with Interbrew S.A./N.V., Belgium's largest brewer. People close to the negotiations indicated they had heard rumors that the Dutch Brewer, Heineken N.V., and others were prepared to make bids. The case is from the perspective of Wood Gundy, the financial advisor to Labatt. The challenge for the student is to structure a deal in order to maximize shareholder value.
學習目標
The objectives of this case are to teach students about: unlocking shareholder value; possible market consequences of negotiation tactics, and the timing and implementation of a deal; creating price tension.