...MUMBAI S I L IC O N VA L L E Y B A N G A LO R E S IN G A PO R E M U M B A I- B KC NEW DELHI M U N IC H Public M&As in India: Takeover Code Dissected A detailed analysis of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 August 2013 © Copyright 2013 Nishith Desai Associates www.nishithdesai.com M&A Lab Takeover Code Dissected About NDA Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Silicon Valley, Bangalore, Singapore, New Delhi and Munich. We specialize in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner. We focus on niche areas in which we provide significant value and are invariably involved in select highly complex, innovative transactions. Our key clients include marquee repeat Fortune 500 clientele. Our experience with legal, regulatory and tax advice coupled with industry expertise in an integrated manner allows us to provide the complete strategy from the onset through to the full set up of the business and until the exits. We focus on niche areas in which we provide significant value add and are involved in select highly complex, innovative transactions. Core practice areas include Mergers & Acquisitions, International Tax, International Tax Litigation, Fund Formation, Fund Investments, Litigation & Dispute Resolution, Capital Markets, Employment and HR, Intellectual...
Words: 24805 - Pages: 100
...research loan types that the bank offers, nontraditional banking products that the bank offers, and its loan policies. Write a six to eight (6-8) page paper in which you: 1. Provide an overview of the principal types of deposits offered by this bank, indicating the competitiveness of these offerings. 2. Analyze how the bank manages its non-deposit liabilities. Focus on the options that are open for investors and what the bank does with its customers’ funds. 3. Recommend improvements needed for more effective management. Provide support for your recommendations. 4. Analyze the principal types of investment banking, insurance, and other nontraditional banking products offered by this bank, indicating the competitiveness of these offerings. WEEK 10 FIN 410 ASSIGNMENT 4 To purchase this tutorial visit here: http://mindsblow.us/question_des/WEEK10FIN410ASSIGNMENT4/1679 contact us at: help@mindblows.us WEEK 10 FIN 410 ASSIGNMENT 4 Managing a Bank’s Sources and Uses of Funds Use the same large bank you selected in Assignment 3. Use the Internet to research loan types that the bank offers, nontraditional banking products that the bank offers, and its loan policies. Write a six to eight (6-8) page paper in which you: 1. Provide an overview of the principal types of deposits offered by this bank, indicating the competitiveness of these offerings. 2. Analyze how the bank manages its non-deposit liabilities. Focus on the options that are open for investors and what the bank...
Words: 1827 - Pages: 8
...Recruitment Strategy and Job Offer Process HRM/548; Recruitment and Retention Practices Recruitment Strategy and Job Offer Process Organizations such as education, business, and engineering use diverse recruitment techniques to transform operations and the demand for employees vary depending on direction of company. This paper addresses how business establishments use recruitment strategy to fill job vacancies. In addition, in the paper is a suggestion that would be the best recruitment strategy to achieve the goal of drawing qualified personnel from within this industry. Finally, a detail approach to offering a position to an applicant Recruitment Strategies Recruitment is deciding on the need for personnel in one or more job openings. It is essential for a company to recognize whether an open or targeted recruitment strategy is effective, and to understand which one will succeed in meeting the company’s requirements. For instance, if a company has to fill more than 35 vacancies, the only true option for it is to choose an open recruitment policy. The open recruitment policy helps in attracting a number of applicants, including an assorted group of people (Heinemann & Judge, 2009). In this way, a pool of employees with differing standards of knowledge, skills, aptitudes, and other characteristics (KSAOs) from which they can select to fill vacancies. Hiring via newspaper, television, job fairs, radio, and media channels will attract numerous candidates to fill...
Words: 936 - Pages: 4
...and binds both the person that made the offer and the person accepting the offer to the terms of the contract. http://www.duhaime.org/LegalDictionary/O/Offer.aspx Terms and conditions under which an offer is made, such as quantity, price, discounts, delivery date, shipping costs http://www.businessdictionary.com/definition/offer.html Acceptance of an offer is the final and unequivocal expression of assent to another's offer to contract. http://www.duhaime.org/LegalDictionary/A/Acceptance.aspx "Acceptance means the signification by the offeree of his willingness to enter into a contract with the offeror on the terms offered to him by the latter. Without an acceptance there can be no contract ...." "In the ordinary case ... there is a manifestation of willingness to be bound by one party followed by a manifestation of an assent by the other by words or conduct, generally and usefully called offer and acceptance." "Each of (these) definitions contemplates a willingness, either in words or by conduct, to be bound by the terms of the offer. But each definition also entails a manifestation, or a signification, or an indication of such willingness." Book 9(1) of Halsbury's Laws of England, 4th Edition (2007) “termination of offer”, and can happen in a number of ways, for a variety of reasons. Termination of offer is different from “termination of contract”, as a contract has not yet been fully formed in a termination of offer. How is an Offer Termination Accomplished? There are many...
Words: 1181 - Pages: 5
...Assignment 1 – M1 Analyse the impact of the requirements for a valid contract in a given situation Aled, aged 19, decided he wanted to set up in business. He was planning to buy and sell items both on the internet and by mail order. Aled agreed with his father, Brian, that they would convert a spare room in the family home into a ‘business centre’ with telephone lines, internet and fax facilities and a selection of office furniture and equipment. Aled then entered into the following agreements. Having acquired 1000 pairs of famous brand-name jeans through an internet auction site, Aled placed an advert in a newspaper ‘offering’ the jeans at £9.95 each. Unfortunately, this was a misprint, as the price should have been £19.95. Even this correct price was cheap compared with the normal shop price, and orders by post, as detailed in the advert, began to flood in. He also unexpectedly received some orders by fax, even though his fax number had not been printed in the advert. Aled responded to the orders as quickly as he could, either despatching the jeans or, when he had run out of packaging, sending a confirmation slip promising delivery within 28 days. Aled, aged 19, decided he wanted to set up in business. He was planning to buy and sell items both on the internet and by mail order. Aled agreed with his father, Brian, that they would convert a spare room in the family home into a ‘business centre’ with telephone lines, internet and fax facilities and a selection of office furniture...
Words: 1415 - Pages: 6
...small islands that offer some of the best outdoor adventure and wildlife siting in the world, you can also look forward to some fun and entertaining nightlife during your visit. The Best Nightlife on the Galapagos People from all over the world visit the Galapagos Islands to see the amazing and extraordinary wildlife that seems to welcome visitors. Most of the animals go about their business simply ignoring the humans who are so fascinated. In the evening, and when they want a break from all the outdoor adventure, many people look for the places that offer the best nightlife on the Galapagos. Puerto Ayora is the main city for visitors, and it definitely has the best nightlife. Puerto Ayora Puerto Ayora is located on Santa Cruz Island and is the largest town in the Galapagos Islands. It is...
Words: 907 - Pages: 4
...Jet Airways – Etihad Airways Strategic Alliance Jet Airways.com Jet Airways and Etihad Airways are proud to announce the conclusion of the transaction for the subscription of 24 per cent minority equity stake in Jet Airways. This follows all government and regulatory approvals received on the 12th of November 2013. The infusion of foreign direct investment in the Indian aviation sector will result in economies of scale, growth in traffic at Indian airports and will create job opportunities across the aviation and tourism sectors. It will greatly benefit all our stakeholders whilst significantly benefitting our guests who will now have access to a more expanded global network, enhanced connectivity for tourists, business travellers, and the wider travelling public. India is one of the largest and fastest-growing markets in the world. Through this association, Jet Airways and Etihad Airways will both be strengthened as will be the economies of India and the UAE. By linking our two networks and adding new flights, new routes and more code-share options, travel to, from and within India will become more accessible/ convenient. Etihad Airways and Jet Airways will combine their network of 130 destinations, with Jet Airways establishing a Gulf gateway in Abu Dhabi and expanding it’s reach through Etihad Airways’ growing global network. Under the strategic partnership, both airlines will gradually expand existing operations and introduce new routes between India and Abu Dhabi thus...
Words: 1085 - Pages: 5
...Syracuse University A Literature Review: Why are stocks repurchases the best payout alternative method? Willie Reddic Table of Contents 1.0 Introduction.……............................................................................................................3 2.0 Beginning Literature of Dividends and the Movement towards Repurchases .......3 3.0 Methods of Repurchases and Key Definition ...............................................................4 4.0 The Positives and Negatives on Methods of Repurchases ……....................................5 5.0 Summary and Conclusion ...........................................................................................10 6.0 References.....................................................................................................................11 1.0 Introduction “A share repurchase distributes cash to existing shareholders in exchange for a fraction of the firm's outstanding equity. That is, cash is exchanged for a reduction in the number of shares outstanding.” (Wikipedia Foundation, Inc.) The intent of this paper is to review stock repurchases as the preferred method of alternative payout for shareholders. There are many reasons why firms choose this option. Past literature shows substantial evidence of reasons that range from capital structure adjustments to takeover defense (Bagwell, 1991). However, in my opinion the strongest reason is because stock repurchases can be used as another method of...
Words: 2855 - Pages: 12
...branch was open in the Houston, Texas market. The bank started out being just like any other bank until idea came along to open branches in-store. Woodforest became a retail partner with Walmart and in 1996 the first in-store branch was open. The branch offered seven day a week full service banking for customers with extended hours. In 1999 Woodforest opened four branches that would be 24 hour braches. By October 27, 2004 Woodforest now had 100 branches available to serve customer needs. In 2005 Woodforest created the Woodforest Charitable Foundation to support and invest in the communities which they serve. The company celebrated its 30th anniversary in 2010 which was big achievement coming from 1 branch to grow to 750. There are two things about Woodforest that stands out from any other bank, Woodforest is open every day with extended hours (also located in Walmart) and they offer Second Chance Checking to customers. Woodforest is open 364 days out of the year. Even though on some holidays the hours maybe shorter the bank still open to assist customers. It is a big deal for customers when the bank is open on Saturday and Sunday because some people work on the weekdays and don’t have time to get to the bank and with Woodforest you always have a chance to make it to the bank. Also the bank is open extended hours Mon-Fri 9am until 7pm. So customers that usually work a 9-5 job could not make it to another bank because most banks close at 5pm but Woodforest is open two extra hours...
Words: 1237 - Pages: 5
...Customer Service and Wait Times | 26 | Figure 13 Critical Incident Chart: Location | 27 | Figure 14 Critical incident Chart: Reputation | 27 | List of Tables Table 1 Results from Banking Incentive Program Survey | 13 | Table 2 Criteria Matrix | 29 | Executive Summary Consider the following scenario; Barbara a bank teller at ABC Bank Corp does a phenomenal job completing Mr. Johnson’s transaction. They have a great time chatting about fishing and the weekend. Barbara has earned the trust of Mr. Johnson and feels she has earned the right to let Mr. Johnson know about ABC banks upcoming promotion and hands Mr. Johnson a flyer. Mr. Johnson is intrigued and reads over the flyer on the way out to his car. He notices that the offer is good, but he knows he can’t benefit from it. So he tosses it in a nearby waste...
Words: 3977 - Pages: 16
...KUDLER FINE FOODS OPENS FIRST STORE IN CANADA ONTARIO, Canada – KUDLER Fine Foods announces plans to open new store in Canada offering fine foods from all over the world, specializing in produce, meats, bakery, and cheese items. Owner Kathy Kudler says, “We believe with the diverse rich cultures Canada has to offer, our stores will be an opportunity for us to share only the finest products with the mix of diverse customers.” Kudler Fine foods will open their doors with an open house that will offer many wonderful promotions and free give-a-ways. Plus this will give any consumer a chance to sample a wide variety of fine foods from all over the world. Kudler will offer a frequent shopper program that will give consumers a chance to save on future store visits, special incentive offers sent through direct mail and e-mail. The founder, Kathy Kudler, first opened her three stores in Southern California in an upscale shopping center offering a variety of fine foods from all over the world. Her goal is offering the best selections of products by shopping the world, coupled with staffing experience, helpful and knowledgeable staff, and giving the consumer a delightful and pleasing shopping experience. Kudler Fine Foods is the PERFECT place to pick up any ingredient to create a gourmet meal. Offering a wide range of fine foods from across the world will satisfy all cultures of customers. For further information, contact customer service at (858) 555-0555 or locate Kudler...
Words: 271 - Pages: 2
...An offer is a show of willingness to enter into an agreement that involves another person’s acceptance. So an offer, that one accepts becomes an agreement. The offeror is the one who makes the offer and the offeree is the person to whom the offer is made. To be a valid offer (I.e., to constitute an offer), a manifestation of intent to enter into a bargain must have the “3 Cs.” First, the contract must embody a promise, or commitment as opposed to a statement of present intention or preliminary negotiation. Statements such as “I intend to sell you my car” or “come talk to me about buying my car” are not offers. Saying “if you pay me 100 dollars, I will sell you my car, is a valid offer. Whether a statement is an offer, depends on whether a reasonable person would believe it to be an offer regardless of the subjective belief, for example, given the trade customs of an industry, would a reasonable person think that an offer was made? The court faced with this situation would consider factors such as; 1) language, whereby the words “offer” or “promise” have been used. Courts also consider the definitiveness of the terms and language of the proposal to help decide whether it is an offer. “First come, first served may indicate an offer because it provides buyers with a clear means of accepting by buying first. 2) Communications made by mass media are usually held to be invitations for offers and not offer themselves. For example, a TV advertisement announcing that a dealer has...
Words: 1533 - Pages: 7
...the one who has to show it is a fair and “ unconscionable” contract. This specific article also includes the statute of frauds in which a sale of goods over $500 is involved. Here is example of Article II UCC enforceable contracts: Summary of Lefkowitz v. Great Minneapolis Surplus Store, 251 Minn. 188, 86 N.W.2d 689 (1957). 1 Facts Great Minneapolis Surplus Store (D) published advertisements in a newspaper for a sale on fur coats, mink scarves, and a lapin stole. Each of the advertisements indicated that the sale items would be sold on a first come first served basis, stated the quantities of each item available, and stated that they would be sold for one dollar each. Lefkowitz (P) was the first customer to present himself and offer the one dollar price per the terms of the advertisement. The defendant refused to sell the sale items to Lefkowitz and told him that according to the “house...
Words: 705 - Pages: 3
...Software development is an industry still in its infancy. Developing operating systems, the essential program for any computer system, is still evolving as the industry continues to grow. Software development has a unique attribute that sets it apart from other industries. Software can be developed once and then replicated for virtually no cost to be distributed to end users. All operating systems currently on the market have been created as a result of open- or closed-source software development. The major difference between the two development philosophies is the privacy of the source code, particularly whether or not it is available to the public for evaluation, modification, and redistribution. Closed-source operating systems like Microsoft’s Windows and Apple’s Mac OS are more widely used in homes and businesses desktop and laptop computers. Although not as readily adopted, open-source operating systems offer viable alternatives to closed-source. Each has its own advantages and disadvantages associated with them. Closed-source software development more closely resembles the business philosophy used by other industries. Closed-source operating systems are developed by an individual, or team, and made available for purchase to the public. The source-code, however, is never revealed to the public. The product purchased is merely an executable file. The final product cannot legally be modified, sold, or distributed without permission from the copyright owner. In essence, purchasing...
Words: 1197 - Pages: 5
...Assessment #2 Questions 1.) Is Mr. Alpert obligated to keep the offer open until the specified time? What could Ms. Burke have done to better protect her position? (3 marks) No, R. Alpert is not obligated to keep the offer open if he has received another offer to purchase before the offeree (J.Burke) has accepted it. As specifically stated in the written offer, “I hereby agree to sell to J. Burke my entire fleet of Rolls Royce automobiles for the sum of $1 million. This offer is open until Monday, September 21, at 9:00 a.m.” The offer is a tentative commitment on the part of the person making it. It is only until the other party accepts (the offeree) that the offer becomes contractual and there is an actual binding legal agreement and obligation for R. Alpert to sell only to J. Burke until the stated deadline. The textbook illustrates a perfect example of a very similar scenario in the Dickinson v. Dodds case when Dodds made an offer to sell to Dickinson for $800 and said “this offer to be left over until Friday 9:00 a.m.” There is a clear illustration that there was an open offer and a certain time frame for the offer to be accepted is clearly stated. The case is very important because it truly demonstrates the nature of an offer and the effectiveness of accepting an offer. R. Alpert had the freedom to withdraw at anytime before it was accepted. The Dickinson v. Dodds case also had a similar scenario where Dickinson indirectly found out about the sale of the property...
Words: 2435 - Pages: 10
