Section 3.2 Authority. The Seller has full corporate power, authority and legal right to execute and deliver, and to perform its obligations under this Agreement and to consummate the transactions contemplated hereunder, and has taken all necessary action to authorize the purchase hereunder on the terms and conditions of this Agreement and to authorize the execution, delivery and performance of this Agreement. This Agreement has been duly executed by the Seller and constitutes a legal, valid, and binding obligation of the Seller enforceable against Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, or other similar laws from time to time in effect, which affect the enforcement of creditors' rights in general and by general principles of equity regardless of whether such enforceability is considered in
Should the customer get any offers by unsealed envelopes, this ought to be rejected and the associating bidder educated in writing that their expense has been relinquished and that they may not re-apply. All other offers ought to be protected in a safe area that can't be gotten to until the designated time for tender opening.
Natural Gas, Inc., and Olio Energy Company refine and sell natural gas. To limit the supply of natural gas on the market and thereby raise prices, Natural Gas and Olio Energy agree to buy “excess” supplies from dealers and “dispose” of it.
1. Why might Bollenbach have opened his bidding for ITT at $55 per share? What was his likely strategy?
The last issue presented is whether the Memorandum of Sale executed between Mr. Busman, as trustee, and Beeren, as foreclosure sale purchaser, lacked mutuality because the contract 's limitation clause negates any remedy against the trustee should he elect not to perform the foreclosure sale agreement.
Anheuser- Busch is the largest beer distributing company in the world. This is because over the years dating back to 1852 they have been pioneers in both their product production and distribution. Over the years they have faced a lot of criticism and setbacks. Most notably during Prohibition from 1920 through the early 1930s. In 2008 they were bought by the European company InBev and currently hold 49.6% of the market share. Today through the modern era they have also been one of the most successful companies when it comes to marketing their products.
I chose this mainly because similar to Abbott laboratories they have a very long history, they were founded in 1923. It was founded by Merrit J. Osborn. Early on they had some problems but because of an infusion by investors they managed to produce their first successful product Soilax. By 1928 they entered the equipment business for dispensing their Soilax into dishwashing machines. In 1933 they nearly failed again but because of employees taking a pay cut and giving up a month's salary they were saved. But then they were confronted with a new problem when Calgon Corporation made a better dishwashing detergent called Calgonite in 1934. But they convinced the Calgon corporation to allow them to be the sole distributer of Calgonite and then when Calgon stopped producing it they ripped them off and made super soilax. They were sued but Calgon lost so everything was fine. In 1948 they introduce their first dishwasher rinse additive. In 1957 the company goes public. In 1961 they purchase Klenzade Products, Inc. In 1964 they purchase Magnus Chemical Company Inc. In 1978 Fred T. Lanners, Jr., becomes the first non-Osborn to head the company. In 1979 they buy Apollo Technologies, Inc. In 1983 Apollo is shut down. In 1987 Company sells its consumer products division and purchases lawncare servicer ChemLawn for $376 million. In 1992 ChemLawn is sold to Service Master L.P. for $103 million. In 1994 Kay Chemical Company, maker of cleaning and sanitizing products for the fast-food industry, is bought. In 1997 they buy Australia-based Gibson Chemical Industries Limited for $130 million; they enter the commercial car wash cleaning products sector. In 1998 GCS Service, Inc., provider of repair services for commercial kitchen equipment, is
Synopsis: Dow is acquiring Rohm and Haas from Ingersoll-Rand at an agreed price per share of $78. However, a deal with Kuwait’s Petrochemical Industries Company, which was supposed to generate $7 billion of cash to be used to finance the acquisition, had recently fell-through. The hiccup has led to Rohm taking legal action to force Dow to complete the acquisition as required by the merger agreement. The standalone value of Rohm’s share price is currently at $46.77 while the synergies could almost double that to $94.63 per share. By going ahead with the deal Dow would need to raise capital and that might lead to a lower bond rating.