Home

"Winning Strategies in Auctions"

Wednesday, September 21, 2005

4:00 – 5:00 pm, eastern [archive and transcript]

More and more companies these days are being sold through an auction process. With strategic buyers coming back with a vengeance, buyout shops trumping each other with record-level funds, and hedge funds "converging" into the buyout space, it’s safe to say that we’re in a seller’s market. On one hand, strategic - as well as financial - buyers generally don’t like being a competing buyer. On the other hand, whether it’s a Fortune 500 divesting a business unit or a financial sponsor seeking an exit for a portfolio company, an auction seems to be the best environment to take advantage of a seller’s market.

Join these experts to learn about the latest recent developments in auctions, including the recent Delaware Toys ‘R Us court decision:

Mark Gordon, Partner, Wachtell Lipton Rosen & Katz LLP
Eileen Nugent, Partner, Skadden, Arps, Slate, Meagher & Flom LLP
John Grossbauer, Partner, Potter Anderson & Corroon LLP
Jill Goodman, Director, Lazard

This program will cover:

What steps can you take to try to minimize the risk of the dreaded "Winner's Curse"? How can the success of a deal depend on the auction process?
What developments are springing up now in these "mating dances"?
What types of due diligence practices are involved in auctions? What pitfalls should be avoided during due diligence?
How can you leverage a buyer’s advantages in auctions? How about using a seller’s advantages to create a feeding frenzy? What banker’s tactics enhance the likelihood of that outcome?

How to access the webcast program: Visit www.deallawyers.com and click the link on the webcast. You need either Real Player or Windows Media to listen to the webcast.

Cost: There is no charge for this program if you are a member of DealLawyers.com. Just go to DealLawyers.com for the live webcast, audio archive or transcript. The cost for non-members is $395. However, if you are not a member and are interested in the program, take advantage of our no-risk trial to access the program. You can sign up for this no-risk trial online, send us an email at info@deallawyers.com - or call us at 925.685.5111.

What you can do if you can’t access the live program: If you have a scheduling conflict or have problems accessing webcasts generally (due to firewalls, etc.), a text transcript of the program will be posted on DealLawyers.com about a week after the live webcast. In addition, an audio archive of the webcast will be posted immediately after the program.