In the process of one company's acquisition of another, there's often an assumption that the purchased company will simply adapt to its new parent by becoming homogenized and abandoning much of its former culture. But there's usually plenty that a company can learn from the business it's acquiring.
Whether you're the head of a large corporation or a tiny nonprofit, the goals of a merger or acquisition are often the same: to increase your company's presence and acquire more money. In the case of one merger currently under way in southern New Jersey, these goals should help the agency survive in the long term.
As U.S. Airways continues to court American Airlines for a potential merger, many are skeptical of the acquiring airline's ability to complete it successfully. Such doubts can usually be found among employees of the company to be acquired, because they often have more to lose.
A possible $29.1 billion merger that would create the largest pharmacy-benefits manager in the U.S. could be delayed if five states opposing it decide to go forward with a lawsuit.
In today's economy, it can be hard to keep businesses devoted to the arts alive and going strong. Many businesses rely on outside funding such as grants and public donations to stay afloat, and with so many patrons struggling to pay their own bills, this financial help can be hard to come by.
Thinking of merging your business with another one? If you already have another company in mind, congratulations. But how can you be assured your new partnership will be a success?
When most people think of business mergers, it's behemoth corporations that come to mind. Banks and technology companies have made a habit of absorbing each other with the promise of even huger profits than they were making before. But what about small businesses and nonprofits? These companies merge, too, but with an entirely different goal: their continued survival.
The tech world is familiar with many gambles based on mergers and acquisitions. One such possible gamble is the acquisition of Skype by Microsoft. The leader of Skype foresees a world in which video communication becomes a part of everyday life. Microsoft CEO Steve Ballmer believes Skype's well known brand is a valuable asset and will be a jumping off point to improve the way people around the world connect. Microsoft's acquisition of Skype officially closed today.
A merger between Newton Memorial Hospital and one of the largest New Jersey not-for-profit hospital systems was recently approved. Like many New Jersey mergers, this health care merger is expected to result in improved customer service and increased cost efficiency. Atlantic Health will now incorporate the Sussex County hospital into its health care system which already includes Overlook Hospital and Morristown Memorial Hospital.
Edison, New Jersey-based Innovative Technology Distributors (IDT) filed a lawsuit in U.S. District Court for the District of New Jersey on March 10th against the new owner of their highest value-client. The suit alleges that the new parent company employed cut-throat business tactics that effectively eliminated IDT's ability to continue operating as a business, thus constituting a variety of violations including breach of contract, tortuous interference and violations of New Jersey state franchising law.The defendant company in this lawsuit is Oracle, who acquired IDT's business partner, Sun Microsystems in 2010. IDT has been a major reseller of Sun technology products since 2005. Since the acquisition last year, IDT claims Oracle had been purposefully delaying the creation of a new contract to replace the one they had prior with Sun.