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Spreadsheet supplement for case number 297046.

Spreadsheet supplement for case number 291008.

Provides a brief historical overview of dual class share companies in the United States, focusing on the New York Stock Exchange's evolving position on dual class structures since the 1920s, the impact of hostile takeovers on their use since the 1980s, and recent perspectives on their utility and appropriateness. Concludes with a brief discussion of the role of dual class structures in recent debates over Europe's takeover laws.

The Fojtasek Companies, a family business, faces several financing choices to address generational succession issues. Several buyouts have expressed interest in acquiring the firm outright; an investment bank has proposed a leveraged recapitalization; and a private equity group, Heritage Partners, has proposed a hybrid transaction.

Explores the risks and rewards to both the Russian defense contractor (Tantal) and a potential Western collaborator from the United States (Webber Controls) of launching a new product that would be competitive in the European, Asian, and U.S. markets. Questions of quality control, managerial oversight, brand name, cost structures, and political forces beyond the control of either party arise. Written to be used in a negotiation-style exercise, with small teams representing each side to the negotiation.

Explores the risks and rewards to both the Russian defense contractor (Tantal) and a potential Western collaborator from the United States (Webber Controls) of launching a new product that would be competitive in the European, Asian, and U.S. markets. Questions of quality control, managerial oversight, brand name, cost structures, and political forces beyond the control of either party arise. Written to be used in a negotiation-style exercise, with small teams representing each side to the negotiation.

Spreadsheet Supplement for case 292005

Spreadsheet Supplement for case 292006.

Spreadsheet Supplement for case 292005.

This large tobacco and diversified food processor is seeking to refinance debt funds raised to accomplish a large acquisition. It has filed a large "shelf" registration that authorizes it to issue during the subsequent two years. At the time of the case, the market looks attractive and the company's CEO is trying to decide whether to issue debt and, if so, in what form. Teaching objective: to familiarize students with the shelf registration form of underwriting, to analyze an issuer's operating and financial profile preparatory to going to the public market, and to assess the position the issuing company should take towards the investment bankers who want to be awarded the business.

Looks at the company's plans for a new debt offering under the Rule 415 shelf underwriting provision--in this instance from the vantage point of the lead investment banker for the deal. The decision-maker must assess the risks of the issuer, the tone of the market, the price and commission to be set, and other details relating to the offering, including whether to use a syndicate, and whether to hedge. Gives students the opportunity to analyze the operating and financial data relating to a leading U.S. company in the context of a new debt offering. Students assume the role of the investment banker and can contrast the preoccupations of the vendor with those of the issuer.

Supplements the (B) case.

A mature company seeks to rejuvenate itself with internal R&D and external acquisitions. It has developed a DCK model for analyzing the value of a proposed acquisition. A rewritten version of an earlier case by J.K. Butters.

The owner of a small, privately held company decides to sell out, and a group of the company's top managers structures a leveraged buyout. A rewritten version of an earlier case.

Spreadsheet Supplement for case 288022

This premier retail jewelry company was bought from its parent, Avon, by a group of investors led by its own management in 1984. The company was highly leveraged, financially, and had to scramble to meet the cash flow and earnings requirements laid down by its lenders. Management effected a turnaround and decided to "go public" to pay down its debt and provide further growth funds. Students must assess the company's relative appeal to investors and refine a pricing recommendation for the securities underwriting syndicate.

The management of Hanson is examining its near-term cash needs and the possible longer-term generation of earnings and cash.

Describes the events leading to deterioration of a goose farming operation.

Concerns a loan that has gone bad.