the examination of a company's accounts prior to a potential takeover by another organization. This assessment is often undertaken by an independent third party.
The Idea in Brief Half of all acquiring companies pay more for target firms than they're worth. Often it's because of executives' mental biases: Their interest in a deal keeps them from being objective about its value....
The Idea in Brief Is your company prone to "deal fever"--getting so excited while pursuing acquisitions that it skimps on due diligence? Caught up in the thrill of the chase, many firms use due diligence to justify...
Charles Ponzi is going to be replaced in the history books by Bernard Madoff as having defrauded more investors and on a much larger scale. The common thread between those two charismatic men is that people trusted them. Due to the most recent scandal surrounding Madoff's...
MILFORD, Conn. -- An additional 200 professionals worldwide have recently joined commonground, the global online business community for environmental due diligence. The bump in membership comes after Environmental Data Resources, Inc. EDR invited a select group of environmental professionals from Europe, the Middle East, Asia and South America to join...
WALNUT CREEK, Calif. -- Westaff, Inc. (NASDAQ:WSTF), a leading provider of staffing services, announced today that it has received a proposal from Koosharem Corporation as Select Staffing under which Select Staffing would acquire all of the outstanding shares of Westaff common stock not owned by DelStaff, LLC for $1.25 per...
The Securities Law Firm of Tramont Guerra& Núñez, PA TGN makes an announcement to all Bernard L. Madoff InvestmentSecurities, LLP Investors concerning the class action lawsuit (Case No. 08CV 5046) filed on December 12, 2008 against Bernard L. Madoff,individually, Bernard L. Madoff Securities, LLC and John Does 1-100Consisting of Individuals,...
President and Chief Executive Officer Lee R.Rice of Colorado Goldfields Inc. (OTCBB: CGFI) announced today a revisedacquisition plan for the mining properties owned by Kinross GoldCorporation in the Silverton, Colorado area, including the Sunnyside Mine. "It became clear that sufficient due diligence regarding the Sunnyside Minecannot be completed by year...
GREENWICH, Conn. -- W. R. Berkley Corporation (NYSE: WRB) today announced that it has terminated its negotiations to acquire NEMI Forsikring ASA. A press release announcing the letter of intent regarding the potential acquisition was previously issued on November 11, 2008. W. R. Berkley Corporation devoted substantial time and resources...
Paivis, Corp. (PINKSHEETS: PAVC) ("PAIVIS" orthe "Company") today updates its shareholders on its planned acquisition ofAAAA Media Services Ltd. (A4). With 2008 coming to a close and the due diligence process nearingcompletion, Paivis is now able to estimate A4's 2008 revenue at $54,000,000unaudited from information provided by A4. Lawrence Sands,...
WGL Entertainment Holdings, Inc. (PINKSHEETS: WEHI) announced today that the Company signed a Letter of Intent to acquire100% of Heathrow Enterprises, LLC, a national distributor of Exfuze, anutritional beverage and other natural food products. The wellness industryis a $100 Billion industry, with fortified beverages being the top categoryin sales. Over...
NEW YORK, Dec. 23 /PRNewswire-FirstCall/ -- Kitcher Resources, Inc. (BULLETIN BOARD: KTCH) is pleased to announce that the company has entered into an agreement to merge with Blue Water of Key West, Inc. (http://www.bwvkw.com/). The merger, which is expected to close within 45 days, is subject...
SAN DIEGO -- Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) announces a joint venture with Notos d.o.o. - Serbian wind energy and power trading company - and Sirius Regulus d.o.o., Serbian real estate holding company. Many months of due diligence and negotiations have culminated in a strategic partnership that...
Dakshidin Corporation (PINKSHEETS: DKSC)(FRANKFURT: 4LQ), producers of the world's most powerful water pumpingwindmill, announces the Government of Wuhan City will commence drilling thetest well to install a RESTEC Mark 10 Low Wind Speed Water Pumping Windmillwithin the city's agriculture area. We have agreed to a specific testapplication to be performed....
Shoreham Resources Ltd. (TSX VENTURE: SMH), a Canadian based exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in South America and Canada, is pleased to announce that the company has signed a Letter of Intent ("LOI") with Mulgravian Ventures Corporation a privately held company whereby...
- Charitable Donor Guidelines by Strategic Philanthropy, Ltd. - CHICAGO, Dec. 22 /PRNewswire/ -- The beneficiaries of philanthropic dollars are holding their collective breath to see who else among their donors will be affected by the likes of a Madoff scandal. Betsy Brill of Strategic Philanthropy,...
BIRMINGHAM, Ala., Dec. 22 /PRNewswire-FirstCall/ -- Emageon Inc. today announced that it has formally demanded a closing of its pending merger with Health Systems Solutions, Inc. (BULLETIN BOARD: HSSO) by Tuesday, December 23, 2008. "We believe we have an obligation to consummate our merger in...
NEW YORK and CHARLOTTE AMALIE, U.S. Virgin Islands, Dec. 19 /PRNewswire/ -- Celtic Therapeutics Management L.L.L.P. ("Celtic Therapeutics"), a global private equity firm focused on building a diversified portfolio of mid-to-late stage drug development programs, today announced the first closing for Celtic Therapeutics Holdings L.P. and two senior appointments....
FRESNO, Calif., Dec. 19 /PRNewswire-FirstCall/ -- Gottschalks Inc. (Pink Sheets: GOTT.PK) today announced that it continues to be in discussions with Everbright Development Overseas Ltd. ("Everbright") for an investment in Gottschalks as well as a strategic business partnership to establish direct sourcing and consignment product sales at Gottschalks and...
Sheffield United unlikely to receive more than Pounds 10m from relegation dispute The West Ham United owner, Bjorgolfur Gudmundsson, is to push ahead with the sale of the club next year after being advised that the compensation to be paid to Sheffield United over the...
Sheffield United unlikely to receive more than Pounds 10m from relegation dispute The West Ham United owner, Bjorgolfur Gudmundsson, is to push ahead with the sale of the club next year after being advised that the compensation to be paid to Sheffield United over the...
