Breakingviews

Int’l Power non-execs have some leverage over GDF

April 2, 2012

The UK energy firm has had a 6 bln stg approach from GDF for the 30 pct that the French group doesn’t own already. Bid rumours have already effectively added a slim premium to IPR shares. But its independent directors still have some power to push for a bit more.

A Hewlett-Packard primer on how not to do a deal

November 22, 2012

A $12 bln acquisition at a 64 pct premium should involve more due diligence than looking at public financial statements. Don’t ignore your CFO if she thinks the price is way too high. And never buy anything from Frank Quattrone. Breakingviews sketches out the don’ts.

Potemkin Dell fight would have optical merits

March 27, 2013

Even if Blackstone doesn’t buy the PC maker, bidding against Silver Lake at least looks like rivalry in LBO-land, undermining allegations of collusion. Dell’s board also comes off as rejecting the bad J Crew precedent. A phony battle just won’t help shareholders much.

Surge in U.S. takeover premiums may be deceptive

March 4, 2010

This year's U.S. takeover premiums have surged to levels not seen in nearly a decade.