Tender Mercies

Auzius Kazombo Mwale Department of Accounting & Finance Testing the inefficient management hypothesis: Are United Kingdom mergers and acquisitions disciplinary? This thesis is provided in fulfilment of the requirements of the degree of Doctor of Philosophy at The University of Stirling May 2007 ACKNOWLEDGEMENTS I would like to thank various people to whom I am indebted for assisting me in producing this thesis. I am greatly indebted to Professor Robin Limmack for assisting me with the groundwork

The idea of Bitcoin and other virtual forms of currency have sparked a great deal of interest lately amongst the public. In addition, virtual forms of currency have become a media sensation. It’s a new elusive concept that is gaining popularity amongst financial consumers. Over $5 billion in Bitcoin and other decentralized currency are currently in circulation. However, how many people actually understand what the concept of Bitcoin is, or other decentralized currency? Even many who own Bitcoin/other

In F. Scott Fitzgerald’s novel, The Beautiful and Damned, the main character of Gloria, Anthony’s wife, and Dot, Anthony’s mistress represents Fitzgerald 's wife, Zelda. The way that Anthony meets Dot, as well as the personalities and the lives of these women are very similar to Zelda Fitzgerald. Gloria is the sophisticated city girl, while Dot is the simplistic country girl sides of his wife. Gloria can be also classified as the wild public version, while Dot is the troubled private version. Zelda

top of his organizational structure, which he provided me at the conclusion of the interview. The Structures, Model, and Culture of Mount Aloysius College Mount Aloysius is a small liberal arts college that was founded by the catholic Sisters of Mercy. Mount Aloysius follows a traditional bureaucratic model; there is a clear organizational structure and each member of it knows their place. Mr. Crouse oversees twenty two branches of his department. Mount Aloysius College provides a setting in which

with the back-end offer for the remaining 60%. As mention earlier, because CSX choose to offer two different prices to Conrails shareholders, were they required to do the first tier in two stages. 3. As a Conrail shareholder, would you tender your shares to CSX at $92.50 in the first-stage offer? Why or why not? Consolidated Rail – Case B 4. Why did Norfolk Southern make a hostile bid for Conrail? Due to the (Harvard Business School, 9-298-095, May 2001) Norfolk Southern expresses

include greenmail and standstill agreement, white knight and white squire, recapitalization and repurchases where managers issue debt to repurchase shares raising the market share price, making it less attractive to the bidder; exclusionary self-tenders and asset restructuring. These tactics are built by management for self-protection reasons, being severe, (blocking takeovers) or soft tactics with no substantial impact on the offer price. However, empirical evidence shows that although manager’s

Sub-Committee in United States Senate, is proposing a radical shift in the way Americans interact with money. In hopes of reforming and strengthening the American economy, we propose to replace the primary currency of the United States from coins and paper tender to gold-infused cinder blocks. For example, a 20 dollar brick will have 20 dollars worth of gold molten into it. “After much deliberation” says Crowski, “we have determined that this is the best course of action to help the American people to

Fitzgerald began working on ‘Tender is the Night’ during the late 1920s but found it difficult as his wife Zelda’s mental illnesses and their money issues had affected him. When Zelda had her first nervous breakdown in 1930s they were living in Europe and she was hospitalized in Switzerland. It became certain that she would never recover fully. Fitzgerald's father died in 1931, which can be seen in the novel portrayed as Dick’s father’s death. Combined with his insistent alcoholism, these misfortunes

generated funds because of a lack of growth opportunities. On the other hand, especially when a company offers to buy its shares at a substantial premium above the market price, management may believe that their company is undervalued. The tender offer then represents an attempt to pass on the value of this inside information to the current shareholders. (2) Dividend or personal taxation hypothesis Firms repurchase stock in order to let the shareholders benefit from the preferential

Question 1 Railroading industry overview: The Railroad revolution in the United States began in the early 1800s. The developed infrastructure was used for freight transportation business. In the mid-1800s the industry experienced explosive growth, followed by significant consolidation in 1870. The rail road companies initiated expansion through acquisitions in attempt to reduce marginal costs and increase their market share. As a result of this competition, a number of cartels were formed; therefore