The Lodestar Group

Steve Baronoff updates The Lodestar Group

Excerpts: New Tax Law Proposals Target Merger and Acquisition Transactions Congress is considering several tax changes that could adversely affect merger and acquisition transactions. Some of these proposals are outlined below. Spin-Off Rules Tightened: Buyers and sellers frequently consider spin-off transactions in connection with mergers and acquisitions. In a typical tax-free spin-off, a parent corporation […]

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Robert Baldwin’s return to investment banking

Excerpt: Robert Baldwin’s return to investment banking Speaking of dealmakers: CEOs of undervalued companies may be getting a call from former Morgan Stanley chairman Robert Baldwin. After five years in semiretirement, Baldwin, 69, is chairman of a year-old investment banking boutique called Lodestar Group. With nearly $300 million provided largely by Japanese investors, Lodestar has

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Those Write-Offs At KinderCare

Excerpts: “Those Write-Offs At KinderCare” Watching with what must have been some nervousness were the principals of the Lodestar Group, an investment banking boutique that is underwriting an unusual recapitalization and split-up of the two companies. Lodestar could end up on the hook for up to $160 million if KinderCare’s share price falls below $5.75

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Excerpts: “John S. Sheldon Plans a Wedding To Gigi Guenther” Mary Margaret Guenther, a daughter of the late Mr. and Mrs. Carl D. Guenther of Dhahran, Saudia Arabia, and John Stevens Sheldon, a vice president in mergers and acquisitions at Goldman, Sachs & Company in New York, plan to be married Sept. 27. Mr. Sheldon

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Sir Gordon White instructed Robert Pirie to terminate Hanson’s $72 per share tender offer

The following quotes are excerpted from Hanson Trust PLC v. SCM Corp, (2d Cir. 1985) Citation Code 774 F.2d 47 Docket No. 412, Docket 85-7745 Hanson Trust PLC, HSCM Industries, Inc., and Hanson Holdings Netherlands B.V. (hereinafter sometimes referred to collectively as “Hanson”) appeal from an order of the Southern District of New York, 617

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