Contents: 1. DESCRIPTION AND GOALS OF THE CASE 2. QUESTIONS YOU MUST ANSWER IN YOUR REPORT 3. APPENDIX 1: CONFIDENTIAL SUPPLEMENTARY INFORMATION FOR MANAGEMENT OF FLINDER VALVES AND CONTROLS 4. APPENDIX 2: CONFIDENTIAL SUPPLEMENTARY INFORMATION FOR MANAGEMENT OF RSE INTERNATIONAL 5. SUPPLEMENTAL TECHNICAL NOTE: VALUATION AND MERGER NEGOTIATION CASE 43: FLINDER VALVES AND CONTROLS INC. DESCRIPTION AND GOALS SET IN MAY 2008, THIS CASE REFLECTS THE SEPARATE PERSPECTIVES OF CHIEF EXECUTIVE OFFICERS TOM ELIOT AND BILL FLINDER AS THEY APPROACH THE NEGOTIATIONS OF RSE INTERNATIONAL CORPORATION TO ACQUIRE FLINDER VALVES AND CONTROLS INC. YOUR TASK IS TO COMPLETE A VALUATION ANALYSIS OF THE TARGET AND BUYER AND TO NEGOTIATE A PRICE …show more content…
FVC and RSE might establish a joint venture of some sort, though Flinder suspected that joint ventures faced the same kinds of integration problems as did acquisitions; as a result, he thought joint ventures were an inferior alternative. FVC could move forward alone, but that would require raising large sums of new debt and equity to finance the rapid expansion of the firm’s “widening gyre” program. Flinder was concerned that he might lose voting control of the firm regardless. It seemed to him that doing a deal with a known and friendly partner today would prepare the way for an orderly transition for himself and the firm. Flinder expected the merger to generate significant cost gains. RSE’s greater purchasing power would lower the cost of materials and components for FVC. RSE’s new resource-management system could be expected to reduce FVC’s in-process costs. Estimates from FVC’s accounting group had identified pretax constant-dollar cost savings of $2 million in the first year of operation and $4 million thereafter. He also recognized other synergy gains that arose from RSE’s stronger marketing clout, cross-selling with other RSE products, and its deep financial pockets. He believed that the widening-gyre project could have a broad application in nautical, aerospace, and automotive products. Based on the investment required to bring such technology to market, he estimated the economic
Alvar Nunez Cabeza de Vaca is best known as the first Spaniard to explore what we now consider to be southwestern United States. His nine-year odyssey is chronicled within the book The Chronicle of the Narvaez Expedition. His account is considered especially interesting because it is one of the very first documents that illustrates interactions between American natives and explorers. However, when examining the exploration of the modern United States, there are many arguments that have to do with the entitlement to the land and the motivations behind settling in the first place. Most explorers were obviously in favor of their own conquests and Cabeza de Vaca is of course no exception. In Chronicle of the Narvaez Expedition, Cabeza de
The madrigal is a distinctive type of secular song that originated in Italy. It was an aristocratic form of poetry and music that flourished at small Italian courts. In the piece, Cruda Amarilli, Monteverdi uses many musical devices that are typical of a madrigal. The lyrics in this song are repeated, the music accompanies the text in interesting ways, and there is a wide range of vocal notes. After listening to the piece just once you can immediately feel the unrequited love Monteverdi is displaying through his words and music. The music and instrumentation in this piece aid the voices to establish form and mood through word painting. He uses word painting and cadences to develop a theme of unrequited love.
abrera made his major league debut on June 20, 2003, at 20 years old; Édgar Rentería, at 19 years old, was the only Marlins player to make his debut at a younger age. Cabrera hit a walk-off home run in his first major league game, following Billy Parker in 1972 and Josh Bard in 2002 as the third player since 1900 to hit a game-winning home run in his big-league debut.
TV Azteca's sports journalist Ines Sainz was greatly ignored in the Super Bowl 50 by players of the Denver Broncos who were victorious versus the Carolina Panthers.
A Ailurus fulgens lives in a high-altitude mountain forest. They are mostly found in the Himilayas Mountains. A red panda eats bamboo, berries, and eggs. Two of a Ailurus fulgens’s distinctive feature is that they have rusty colored thick fur and a striped face. Unfortunitly, red pandas are endangered. There are less 3,000 red pandas left in the world. A Ailurus fulgenshas skin that is only fur. The skin color could be red, brown, or white.
Richmond Engineering has been attempting to enter the Chinese market since 1984 without much success however in 1991 they were sought out to be part of a joint venture with the Chinese. Two years later Richmond Engineering’s vice-president and treasurer, Smilla Finn, has been summoned to China, for final negotiations, in an isolated town outside of Beijing and the grueling hours of negotiations were not going well nor seemed to be on a level playing field for Finn. Finn has the ultimate decision of deciding whether to accept a contract that has been deviated from the original agreements or confront the deviations and risk the possibility of losing the Chinese
If a survey was carried out among teachers of English for Academic Purposes (EAP) and Teachers of English as a Second Language (TESOL), a finding would be that a major concern for teachers is the inability to find appropriate material or the perfect text for their lesson. This is the basis for the article by Swale. Swale in his investigation puts forward two different options to overcome this problem. At this stage the author notes that no matter what approach is taken, the teacher needs to double as an editor or in some cases a material developer/writer.
Guillermo del Toro’s ‘El Laberinto del Fauno’ depicts the story of a little girl, Ofelia, and her adventures in a world that is intertwined with both reality and fantasy. The film is set five years after the Spanish Civil War, during Franco’s dictatorship of Spain. Franco’s dictatorship was a period of mass repression on all scales of society; any political opposition was immediately crushed. Guillermo del Toro uses the monsters in ‘El Laberinto del Fauno’ to reflect and criticize aspects of Francoist society and draw parallels between the monsters and the humans.
b. Kindly inform the undersigned whether or not your representative will be making a visitation in the near future.
Bakaliaros tiganitos is a Greek traditional fried salt cod dish. Although Greeks like to eat bakaliaros tiganitos all year long, there are two special occasions where this Greek food is eaten. The first date is the 25th of March which is a double holiday for Greeks as they celebrate the beginning of their independence war as well as the Annunciation to the Blessed Virgin Mary. The second occasion is the Palm Sunday. As both holidays are soon to arrive, I thought I should share with you this traditional fried salt cod recipe. To make bakaliaros tiganitos, you need dried salt cod, flour, salt, baking powder, and vegetable oil for frying. As bakaliaros is really salty, you will need to put the fish in cold water and soak overnight and change the
Her blonde hair plastered to her shoulders as she wakes me up for school dripping water on my face and pillow. Her blonde hair gleaming in the lights of the stage as she lets her voice ring into the hearts of many. Her blue eyes scanning her homework for the slightest mistake. Her blue eyes locking with mine telling me stories late at night. Teigen Tremper is my measure of a human being. She has more endurance than you would expect to fit in such a small body, her kindness level is off the charts, and she is extremely intelligent. That doesn’t mean that she is perfect, but in a way that makes her more human and a greater measure of one.
In Cesar Aira’s novel El Pequeño Monje Budista, Napoleón Chirac, a French photographer, is led by The Little Buddhist Monk (literally, the littlest Buddhist Monk ever seen), to a not very well known temple in order to photograph its ‘space’. Chirac’s work consisted on, from the center (an arbitrary center) of the space, taking a series of pictures covering the perimeter and then digitally uniting them, which would result in one big horizontal image. This temple, located at the outside of a big Korean city (Seoul, we assume), is particularly empty, is not touristic at all, which is perfect for Chirac. However, after setting up his equipment, he realized how the other monks who were at the temple started to sabotage his shots. He had already explained to them that what he needed was to photograph the empty space, but despite the warning, they still were, as little kids, getting in the way and giggling while running away only in order to do it again. Chirac let them do that; since he was using a long exposure technique
With the recent advances in technology our world has become one interlinked group of nations. Curaçao, being a small part of our globe offers many opportunities for multinational investors. This guide was prepared to better acquaint potential investors with the business climate in Curaçao. The information contained in the following pages was comprised through the mutual efforts of many people in vital sectors of the economy. Their effort in making this guide as concise as possible is appreciated. The guide is not intended to be all encompassing, yet it serves as a good reference to the Curaçao business environment. If further information should be required, please do not hesitate to contact us. We are looking forward to the
“THUMP!”, Jonathon had fallen down for the second time during this trip. “Watch your step!” whispered James, “You know we can’t make noise down here”. Jonathan and James, friends since birth for over fifteen years, were now doing things that no one would dare. They had taken on the challenge of breaking into every abandoned building they came across, they weren’t scared, they were only curious of the unknown. This was supposed to be their last one, they had broken into many other ones in the area, this was the last of them. Out of all the other abandoned buildings, this was the one that even the strongest men feared. Welcome to Rancho los Tios, a hundred year old abandoned mental asylum.
Casto Technical Services, Inc. (“Casto”) has a number strengths and opportunities. Casto also has recently has found itself up against weaknesses and threats that they have not experienced before.