Gods at War
Shotgun Takeovers, Government by Deal, and the Private Equity Implosion
Published on 23. October 2009
Book
Hardback
366 pages
978-0-470-43129-0 (ISBN)
Description
An engaging exploration of modern-day deals and deal-making
Gods at War details the recent deals and events that have forever changed the world of billion-dollar deal-making. This book is a whirlwind tour of the players determining the destiny of corporate America, including the government, private equity, strategic buyers, hedge funds, and sovereign wealth funds. It not only examines many of the game-changing takeover events that have occurred in the past years, but also puts them into context and exposes what is really going on behind the scenes on Wall Street. Gods at War completely covers the strategic issues that guide the modern-day deal, and since they unfold under the shadow of the law, it also focuses on the legal aspects of deal-making and takeovers.
* Each chapter unfolds through the lens of a recent transaction, from the battle between Yahoo! and Microsoft to the United Rental/Cerberus dispute
* Provides in-depth explanations and analysis of the events and actors that have shaped this fast-moving field
* Examines the federal government's regulation by deal approach to saving the financial system and explains the government's biggest "deals", including its bail-outs of AIG, Bank of America, Bear Stearns, and Citigroup
Filled with in-depth insights that will enhance your understanding of this field, Gods at War offers an engaging look at deals and deal-makers in the context of recent historical events. It's a book for those who want to understand deals, takeovers, and the people and institutions who shape our world.
Gods at War details the recent deals and events that have forever changed the world of billion-dollar deal-making. This book is a whirlwind tour of the players determining the destiny of corporate America, including the government, private equity, strategic buyers, hedge funds, and sovereign wealth funds. It not only examines many of the game-changing takeover events that have occurred in the past years, but also puts them into context and exposes what is really going on behind the scenes on Wall Street. Gods at War completely covers the strategic issues that guide the modern-day deal, and since they unfold under the shadow of the law, it also focuses on the legal aspects of deal-making and takeovers.
* Each chapter unfolds through the lens of a recent transaction, from the battle between Yahoo! and Microsoft to the United Rental/Cerberus dispute
* Provides in-depth explanations and analysis of the events and actors that have shaped this fast-moving field
* Examines the federal government's regulation by deal approach to saving the financial system and explains the government's biggest "deals", including its bail-outs of AIG, Bank of America, Bear Stearns, and Citigroup
Filled with in-depth insights that will enhance your understanding of this field, Gods at War offers an engaging look at deals and deal-makers in the context of recent historical events. It's a book for those who want to understand deals, takeovers, and the people and institutions who shape our world.
More details
Edition
1. Auflage
Language
English
Place of publication
Chichester
United Kingdom
Publishing group
John Wiley and Sons Ltd
Target group
Professional and scholarly
Illustrations
Illustrations, map
Dimensions
Height: 23.2 cm
Width: 16.3 cm
Thickness: 3.3 cm
Weight
583 gr
ISBN-13
978-0-470-43129-0 (9780470431290)
Schweitzer Classification
Other editions
Additional editions
Steven M. Davidoff
Gods at War
Shotgun Takeovers, Government by Deal, and the Private Equity Implosion
Book
01/2011
Wiley
€21.00
Shipment within 10-20 days
Steven M. Davidoff
Gods at War
Shotgun Takeovers, Government by Deal, and the Private Equity Implosion
E-Book
09/2009
Wiley
€14.99
Available for download
Steven M. Davidoff
Gods at War
Shotgun Takeovers, Government by Deal, and the Private Equity Implosion
E-Book
09/2009
Wiley
€14.99
Available for download
Person
Steven M. Davidoff is a nationally known authority on takeovers and corporate law. He writes as "The Deal Professor" for the New York Times "DealBook." Davidoff also writes in trade journals, such as the Deal, lectures, has testified before the United States Senate, and is frequently quoted in the national media. He is a professor of law at the University of Connecticut School of Law and a graduate of the Columbia Law School, where he was a Harlan Fiske Stone scholar. Davidoff practiced for almost a decade as a corporate attorney, primarily at Shearman & Sterling in their New York and London offices. Davidoff also has a BA from the University of Pennsylvania and an MS in finance from the London Business School.
Content
Preface.
Prologue.
Chapter 1 The Modern Deal.
The Import of Personality.
The Evolution of the Takeover.
The Takeover Revolution.
Chapter 2 KKR, SunGard and the Private Equity Phenomenon.
KKR and the Origins of Private Equity.
SunGard and the Transformation of Private Equity.
Private Equity in the Sixth Wave.
Chapter 3 Accredited Home Lenders and the Attack of the MAC.
The Fall of Accredited Home Lenders.
Material Adverse Change Clauses.
The MAC Wars of 2007.
The MAC Clause in Flux.
The Future of the MAC.
Chapter 4 United Rentals, Cerberus, and the Private Equity Implosion.
The Cerberus-United Rentals Dispute.
The Implosion of Private Equity.
Fault and the Failure of Private Equity.
The Future of Private Equity.
Chapter 5 Dubai Ports, Merrill Lynch, and the Sovereign Wealth Fund Problem.
The Financial Wave of Sovereign Fund Investment.
The Sovereign Wealth Fund Problem.
CFIUS and Foreign Investment.
Chapter 6 Bear Stearns and The Moral Hazard Principle.
Saving Bear Stearns.
What was JPMorgan's Dilemma?
The Fight for Bear Stearns.
Lessons Learned from Bear's Fall.
Chapter 7 Jana Partners, Children's Investment Fund, and Hedge Fund Activist Investing.
A Brief Overview of the "Agency Problem".
The Rise of Hedge Fund Activism.
The 2008 Proxy Season.
Chapter 8 Microsoft, Inbev, and the Return of the Hostile Takeover.
Microsoft/Yahoo.
Inbev/Anheuser-Busch.
The Elements of a Successful Hostile Takeover.
Delaware and Hostile Takeovers.
The Future of Hostile Takeovers.
Chapter 9 Mars, Pfizer and The Changing Face of Strategic Deals.
The Changing Structure of Strategic Transactions.
The Phenomenon of the Distressed Deal.
Do Takeovers Pay?
Delaware Law and Strategic Transactions.
The Future of Strategic Transactions.
Chapter 10 AIG, Citigroup, Fannie Mae, Freddie Mac, Lehman, and Government by Deal.
The Nationalization of Fannie Mae and Freddie Mac.
The Week the Investment Bank Died.
TARP, Citigroup, Bank of America and Beyond?
Assessing Government by Deal.
Chapter 11 Restructuring Takeovers.
Federal Takeover Law.
Delaware Takeover Law.
Deal-Making.
Chapter 12 Deal-Making in a Crisis Age.
Notes.
About the Author.
Acknowledgements.
Index.
Prologue.
Chapter 1 The Modern Deal.
The Import of Personality.
The Evolution of the Takeover.
The Takeover Revolution.
Chapter 2 KKR, SunGard and the Private Equity Phenomenon.
KKR and the Origins of Private Equity.
SunGard and the Transformation of Private Equity.
Private Equity in the Sixth Wave.
Chapter 3 Accredited Home Lenders and the Attack of the MAC.
The Fall of Accredited Home Lenders.
Material Adverse Change Clauses.
The MAC Wars of 2007.
The MAC Clause in Flux.
The Future of the MAC.
Chapter 4 United Rentals, Cerberus, and the Private Equity Implosion.
The Cerberus-United Rentals Dispute.
The Implosion of Private Equity.
Fault and the Failure of Private Equity.
The Future of Private Equity.
Chapter 5 Dubai Ports, Merrill Lynch, and the Sovereign Wealth Fund Problem.
The Financial Wave of Sovereign Fund Investment.
The Sovereign Wealth Fund Problem.
CFIUS and Foreign Investment.
Chapter 6 Bear Stearns and The Moral Hazard Principle.
Saving Bear Stearns.
What was JPMorgan's Dilemma?
The Fight for Bear Stearns.
Lessons Learned from Bear's Fall.
Chapter 7 Jana Partners, Children's Investment Fund, and Hedge Fund Activist Investing.
A Brief Overview of the "Agency Problem".
The Rise of Hedge Fund Activism.
The 2008 Proxy Season.
Chapter 8 Microsoft, Inbev, and the Return of the Hostile Takeover.
Microsoft/Yahoo.
Inbev/Anheuser-Busch.
The Elements of a Successful Hostile Takeover.
Delaware and Hostile Takeovers.
The Future of Hostile Takeovers.
Chapter 9 Mars, Pfizer and The Changing Face of Strategic Deals.
The Changing Structure of Strategic Transactions.
The Phenomenon of the Distressed Deal.
Do Takeovers Pay?
Delaware Law and Strategic Transactions.
The Future of Strategic Transactions.
Chapter 10 AIG, Citigroup, Fannie Mae, Freddie Mac, Lehman, and Government by Deal.
The Nationalization of Fannie Mae and Freddie Mac.
The Week the Investment Bank Died.
TARP, Citigroup, Bank of America and Beyond?
Assessing Government by Deal.
Chapter 11 Restructuring Takeovers.
Federal Takeover Law.
Delaware Takeover Law.
Deal-Making.
Chapter 12 Deal-Making in a Crisis Age.
Notes.
About the Author.
Acknowledgements.
Index.