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Showing 26 posts in Sales and Dissolutions.
Understanding Stock Versus Asset Sale Agreements
When purchasing or selling an existing business, both the buyer and the seller must determine whether it is advantageous to structure the transaction as a sale and purchase of the assets of a business ("asset sale") or of the ownership interest of the business (a "stock sale"). Understanding the basic differences between the two is the first step to structuring a deal that is most beneficial to you, whether you are the buyer or the seller. More >
GE apparently considering selling venerable appliance unit
Six years after a failed attempt to sell the business division responsible for inventing the electric toaster back in 1905, General Electric is reportedly looking again to negotiate a deal. The division, GE Appliances and Lighting, has brought many modern conveniences forward, including refrigerators, washing machines and stoves, as readers may know. More >
Data Protection Lunch Seminar - REGISTER TODAY!
Have you registered for the Data Protection and Cyber Security Lunch Seminar? More >
Marathon Petroleum purchases Hess gas stations
The Hess name will be removed from gas station signs as the chain has now been sold to Marathon Petroleum’s Speedway for $2.87 billion. This is significant as Hess is considered the largest chain of combined convenience stores and gas stations along the east coast. This will expand Marathon’s retail operations from nine to 23 separate states. More >
Bank allows itself to be acquired due to slow economy
Insight Bank has been acquired by First Financial Bancorp. With its $6.4 billion in assets, First Financial has 100 branches including ones located in Kentucky. More >
Liability of corporation may still exist following dissolution
According to Supreme Court decision for one particular state, dissolution of a corporation does not guarantee that liability will necessarily come to an end. Krafft-Murphy Company, Inc. was a company that had engaged in supplying and installing asbestos-containing products (presumably exposing it to liability). Krafft had also dissolved in 1999. More >
"The Only Thing that is Constant is Change" - The Need for a Buy-Sell Agreement
You started a business with your lifelong friend, family member or business acquaintance and everything is going great. The business is doing well and the owners see eye-to-eye on every major decision. But things will not run smoothly forever. Every business faces difficulties now and then. Some risks are foreseeable and the owners will put appropriate plans in place to deal with them. Other problems are more difficult to see, especially in the early stages of the company when the future looks bright and the owners are eager to work toward a common goal. What happens to the ownership interests of an owner upon his death? What rights do the company and the other owners have when an owner decides to sell her ownership interest to somebody none of the other owner know? What if the owners are equally split on a material decision and the disagreement cannot be resolved? Situations like these are inevitable and are the reason it is imperative that every business have a buy-sell agreement. More >
New Heinz CEO presents Whopper of conflict for McDonald's
It is basically the most classic American side: french fries and ketchup. But does it matter what kind of ketchup a fast food restaurant offers its patrons? If consumers do have a condiment preference, then those who frequent McDonald's might notice a change in the taste of their favorite snack. More >
JCPenney and Martha Stewart's marriage will be cut short
If you have visited a JC Penney department store lately, you might have noticed its new look and setup. Part of its revamp is the acquisition of a big name and her hot products. That's right, Martha Stewart is no longer a brand for just Macy's shoppers. She is a consumer option for the JC Penney fans, too. More >
BlackBerry Buyout Negotiations Continue, Drive Up Stock Price
As we discussed on this blog in August, BlackBerry Ltd. (formerly Research in Motion) had appointed a special board of directors committee to consider its strategic alternatives in light of its enormous drop in global market share. At that time, the New York Times’ DealBook blog had reported that BlackBerry’s market share had fallen to only 2.9 percent, and its value had fallen by 92 percent over the previous five years. Faced by these poor business prospects, the company was considering the sale of some assets or even the whole company, going private, or a joint venture. More >
