As businesses grow they often need to make changes to accommodate that growth. Growing businesses need to expand to reach and meet the demands of their consumers. Furthermore, they need to reach new markets and consumers to continue to grow in the future. Through this process, many legal challenges may arise. By carefully planning for these transactional law issues, business can reach their goals as efficiently as possible.
Combining two or more businesses is never a simple process. However, with the right help, a complex merger can run smoothly. With almost every merger, companies must juggle the demands of their business, the desires of the company they are acquiring and state and federal rules and regulations. If any aspect of this complex business transaction is ignored then the deal could fall apart.
Growing a business is exciting for any New Jersey business owner. It means increased customers, increased demand and hopefully, increased profits. However, growing a business can also be a legally complicated process. There may be regulations to follow, agreements to negotiate and other unforeseen tasks. These issues may be compounded when the business is expanding by acquiring another company. An acquisition can mean long hours of negotiating and drafting complex business agreements. Both sides need to walk away from the deal feeling like they are getting the most for their money, time and effort.
Like many aspects of life, growing or ending a business in New Jersey tends to be complex. There are many interests to protect and legal steps to follow in order for a merger or acquisition to be completed smoothly. At the end of the deal, both the buyer and the seller want to walk away feeling like they are getting the best deal possible. This often means coming to creative solutions and compromises to ensure everyone gets what they need out of the deal.
New Jersey consumers can likely remember when big-box store Best Buy was still a giant in the electronics market. After all, it wasn't that long ago when buying a new TV or computer meant visiting one of the giant warehouse stores and getting help or recommendations from a store employee. But times have quickly changed, and as more consumers rely on discount stores like Walmart or online retailers like Amazon, Best Buy has been forced to close many of its locations and continues to flounder.
Plans for two New Jersey hospital systems to merge with a for-profit health care network out of state have broken down after one of the hospital systems announced it didn't need the merger to survive on its own. The decision by St. Joseph's Healthcare System, based in Patterson, also spelled the end of a possible takeover of St. Mary's Hospital in Passaic. But other parties in the potential merger are hopeful that this isn't truly the end of the deal.
Plans for three New Jersey hospital systems to merge with a for-profit health care network out of state have broken down after one of the hospital systems announced it didn't need the merger to survive on its own. The decision by St. Joseph's Healthcare System, based in Patterson, also spelled the end of a possible takeover of St. Mary's Hospital in Passaic. But other parties in the potential merger are hopeful that this isn't truly the end of the deal.
New Jersey is a world leader in terms of being home to pharmaceutical companies. That's not simply a matter of fact. It's a matter of design. The state has long been a bastion of chemical firms and the government is quick to tout the fact that 15 of the 25 largest firms have major facilities in New Jersey.
The merger of two New Jersey Jewish federations, the Jewish Federation of Central New Jersey and United Jewish Communities of MetroWest, was a nearly unanimous decision. But as one member of the smaller organization aptly described it, the merger was also something of a leap of faith.
In our last post we discussed the ongoing lawsuit against Johnson & Johnson over an alleged kickback scheme involving some of its medications. Although the New Brunswick, New Jersey-based company is already setting aside funds to settle the litigation, being the world's largest health care products company has its advantages; it still has a few dollars left over for the acquisition of Synthes Inc., a medical device manufacturer based in Switzerland that sells screws, plates, bone grafts and similar products.