As reported in the previous post, an increasing amount of commercial property owners are choosing to default on their mortgages as a strategic business decision. This is because the value of many commercial properties has plummeted, resulting in a large gap between...
Business Law Professionals
Month: August 2010
More Commercial Property Owners Choosing to Default on Mortgages, Part 1
Owning a business requires making myriad tough and strategic decisions. An article appearing recently in The Wall Street Journal reports that more and more commercial property owners are making difficult decisions regarding...
Final Comments in on Comcast-NBCU Merger
The Federal Communication Commission's comment period for the proposed merger between Comcast and NBC Universal ended yesterday. As such, critics of the merger used the final opportunity to voice their concerns over the proposed deal and Comcast responded in...
Court Rules NJ Company Can Sue European Space Org. for Breach of Contract
The 3rd U.S. Circuit Court of Appeals has ruled that the European Space Agency does not have immunity from a breach of contract lawsuit brought against them by a New Jersey-based software company. According to Law.com, the court said on Monday that the Germany-based...
Comcast, NBCU Merger Deal: High Costs, High Stakes
Comcast's challenge was not over after it crafted and proposed a $30 billion deal to merge with NBCU; it now faces intense political scrutiny. The potential deal is now six months into an anti-trust review by government...
Comcast, NBCU Merger Deal, Part 2: Antitrust Regulation Sticking Points
As reported in the previous post, when Comcast announced the $30 billion merger deal with NBCU in December, it said it would readily accept certain conditions for approval by government regulators, but it would not accept "abusive conditions."Now six months into...
Next Steps in the Dollar Thrifty Bidding War
Detailed and interesting commentary by The Deal Professor, Steven M. Davidoff, recently appeared in The New York Times' DealBook section on Mergers & Acquisitions regarding the bidding war for Dollar Thrifty, which has been discussed in previous...
Bidding War Has Begun for a Dollar Thrifty Merger
Dollar Thrifty Automotive Group Inc. is currently considering a $1.33 billion counter-offer to merge with Parsippany, New Jersey-based Avis Budget Group Inc. In April, Park Ridge, New Jersey-based Hertz Global Holdings Inc. offered $41 a share in cash and stock for...