Lecture 7: 2/25/04
Merger: you can merge companies by finding a paper with the Sec of State of Delaware.
New corporations possess all the rights, privileges, properties.
Lease goes over to new company
There is an ongoing debate whether patent law applies
Lecture 11: 3/10/04
Guest: Jim Matarese, Partner, Goodwin Procter (scheduled guest Stu Cable was unable to
Tie law to practicalities.
The CEO cant be in room due to conflict of interests beware of law suits, and
Guest: Edward Freedman, Corporate Counsel, Flagship Ventures
Venture Capital (VC) is a subset of private equity ( a class of investments)
He refers to venture capital as early state venture capital
Friends, Family, Fool
VC firms invest
The manager and M&A
Forms of doing business
What is it like to be a manager?
Will there be jobs
Conflict of Board of Directors
Position of acquiring
We have a system called At will employment; eith
Lecture 10: 3/8/04
Guests: Stu Cable and Jim Matarese, Partners, Goodwin Procter
Public company M&A transactions
The process by which a public company (pc) transaction gets done.
PCs have institutional investors, regular scrutiny, and media attention. (Di
Lecture 12: 3/29/04
Guest: David Walek, Ropes & Gray
Why Intl M&A is different?
International JVs (joint ventures)
I. Why Intl M&A is different?
For the large part domestic and international deals are not that different.
Review: Arbitrage-Free Pricing and Stochastic
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Denitions of SPD () and risk-neutral probability (Q).
Absence of arbitrage is equivalent to existence of the SPD or a risk-neutral
Du = EQ
u =t +1