Stonecastle Cash Management Paper

* Jerry sold his company, X Cardia Corporation, 10 months after founding it with partner, Ascher Shmulewitz, for 33 million (1997)

These two offers came from 1) a fund consortium led by Robertson Stephens Omega Fund (“RSC”) and Technology Crossover Ventures (“TCV”) and 2) CellTech Communications (“CellTech”), a vendor of wireless technology which had recently gone IPO.

International Equity Index Fund of State Street Global Advisors, with the same market index as that of the Amoco pre-merger plan.

The merger of these two investment groups “created a sizeable investment company of critical mass, with access

The Philadelphia Contributionship, the nation’s oldest successful property insurance company. Insurance companies offered safety to their customer that’s why a lot of people subscribed as soon as the Philadelphia Contributionship opened. Now-a-days there are hundreds of insurance companies and they all cover different aspects of our daily lives. One of the most successful insurance companies in the United States is State Farm.

Infinium Capital Management (ICM), LLC is considered as one of the most reliable wealth management companies in the United States. In 2001, Charles Whitman, popularly known as Chuck Whitman, met Brian Johnson and planned to give rise to a joint venture with a notion to serve investors with money-making investment management solutions. His experience, awareness, extraordinary market analysis ability and determined efforts helped him in establishing ICM in 2002 and in boosting his enterprise as one of the most genuine and reliable Wealth Management firms in Chicago.

In this paper the members of group A will look at McBride Financial Services project to expand its operations and three financial

firm Tower Brook Capital Partners. Some strengths of the company are its great pricing and excellent

Founded in 1954, the Lennar Company is known as one of the largest homebuilders in the United States along with being a provider of financial services. After listing its common stock on the New York Stock Exchange, Lennar saw momentous growth notably in the 80’s and 90’s but in particularly with the acquisition of Pacific Greystone Corporation. Also in 1997, Lennar saw the completion of their spin-off LNR Property Corp. Furthermore, in 2000 Lennar acquired U.S Home Corp; this helped to further expand Lennar’s operations in another five states as well as helping to strengthen their position in others.

eventually acquired by Warren Buffet through a series of stock purchases. In was in 1996 that Warren

In May 2005, a similar class action complaint, San Francisco Employees' Retirement System, et al. v. American International Group, Inc., et al., was filed against AIG and later consolidated into this 2004 case by the Order entered on June 24, 2005, in the 2005 case. According to the Complaint for the 2005 case, the Complaint alleges causes of action under Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934. The named defendants are AIG, C.V. Starr & Co., Inc., Starr International Inc., General Reinsurance Corporation and certain Individual Defendants. The complaint alleges that defendants made false statements and concealed material information concerning AIG's financial condition and accounting practices relating to, among other items, non-traditional insurance products, assumed reinsurance transactions, and use of affiliated entities for executive compensation. Plaintiff alleges that AIG structured transactions for the primary purpose of accomplishing a desired accounting result, including a sham reinsurance deal set up with defendant General Reinsurance Corporation to bolster reserves, transactions with supposedly independent companies that were in fact

Mr. Brackett holds a series 65 and 63 in financial securities licenses to supplement his Bachelor’s degree in Finance and Accounting. He founded his current financial group, Lighthouse Financial in 2006 to focus on personal service. At Lighthouse Financial, Mr. Brackett and his team treat clients transitioning into their retirement years as members of their community, rather than an account number. This has earned Lighthouse Financial Group registrations with both the Better Business Bureau and the Financial Industry

Exhibit 4 tells us that the stock price of Interco started going up in July from about $44 to $72 on the day of the Board meeting. This tells us that markets anticipated that Inteco is a target for acquisition and increased the stock price of Interco in anticipation of an acquisition premium.

The Chrysler Group LLC initial public offering (IPO) was initiated by a trust known as the United Auto Workers (UAW) Retiree Medical Benefits Trust to cover medical benefits for retired workers who owned 41.5% of the company. The trust was created in 2007 as a way of reducing Chrysler's financial liability of paying existing workers and former employees’ health care costs and retirements. Initially, the trust was not supposed to have a large share of its assets in the form of stock, but with Chrysler running out of cash the following year, and falling into bankruptcy in 2009, the only asset it could offer was its own stock.

Who or what is Florostone? Florostone is a Property Management Company with a limited liability company status (LLC); their office is located in Essex County in the state of New Jersey. Being an LLC the company owners can enjoy certain perks in the business world. One such advantage is that the profit and loss of the company passes through the members instead of the corporation, the members can therefore report this profit and loss on their federal tax returns. The company handles a wide variety of services such as, property tax appeals, evictions, landlord and tenant services, document services, general maintenance and repairs, and property management services all in a timely and professional manner. The company’s main objective states that their goal is to, “Deliver the highest level of service for our clients and the properties we manage for them. We combine service with a personalized touch at an affordable price. We offer a World Class level of service to our landlords/investors tenants and banks” (Florostone). Although the company manages properties for investors/landlords they also own a number of properties which are mainly purchased through short sales or foreclosures. Some of these properties might be in need of repairs which can be costly but purchasing these properties for a substantially lower price the company still stands to make a profit. Almost all these properties acquired by Florostone are in low income