news and knowledge from around the globe compiled by Global EDD Group
The group messaging battle just heated up with the announcement Sunday that Skype has entered into a definitive agreement to acquire GroupMe, a group messaging service that will enhance Skype’s ability to facilitate text and photo messaging.
With this acquisition, Skype said in a press release that GroupMe will provide “best-in-class text-based communications and innovative features that enable users to connect, share locations and photos and make plans with their closest ties.”
Southwest Airlines Co (LUV.N) said on Tuesday it received a second request for information from the U.S. Justice Department’s antitrust division about its proposed acquisition of rival AirTran Holdings Inc (AAI.N).
Both carriers said they are gathering information to respond to the second request, a common part of the regulatory approval process as the government reviews the purchase. In the case of larger mergers, a second request is often called for.
Southwest and AirTran’s statement said they still expect the deal to be completed in the 2011 first half, though a definitive closing date cannot yet be determined.
via UPDATE 1-Southwest, AirTran get second US request on deal | Reuters.
The recession has lessened and all that cash your Company has been hoarding for the rainy days of the Obama years is burning a whole in your CEO’s pocket. He has his powder dry and is ready to make a big bang by going on a buying spree, targeting overseas entities, to beat the competition in coming out of your industry’s downturn. The Legal Department is told to put together an acquisition squad and to be ready to go at a moment’s notice. The job assigned to you is to make sure that your acquisition does not run afoul of the Foreign Corrupt Practices Act (FCPA) and to prepare a list of FCPA based due diligence that the Law Department should focus on to perform on the Target Company. What should be on your list?
One in three law firm managers expects to be involved in a merger or acquisition during the next year, according to joint research published by accountancy firm BDO and legal consultancy Jomati.
The survey, which canvassed the opinions of management at 55 U.K. and international firms, reveals that two-thirds of law firms have been involved in some form of merger or acquisition talks during the past 12 months, with 82 percent of those questioned stating that consolidation will be the greatest force for change in the legal sector in the coming years.
via Survey Shows British, International Firms Expect More Mergers.
Copyright © 2012 · News Theme on Genesis Framework · WordPress · Log in