QUALCOMM V BROADCOM – THE VALUE OF IP ASSETS

The media has been scattered recently with reports surrounding the unsolicited bid of $103 billion for Qualcomm Inc, made by Broadcom Ltd. The companies are competitors in the mobile device chipmaking industry; manufacturing and supplying these components to international computer and telecommunication companies. There is substantial scrutiny around the prospective takeover as, should the offer Read More …

Mergers and acquisitions involving UK companies: Jan to Mar 2016

Data from the Office of National Statistics reveals that in Quarter 1 (Jan to Mar) 2016 there were 114 successfully completed domestic and cross-border acquisitions and disposals involving UK companies. Despite quarter-on-quarter volatility, the total number of M&A involving UK companies remains at a historically low level of activity.   The full report is available Read More …

Business and Company Sales – Warranties and Indemnities

THIS ARTICLE WAS ORIGINALLY PUBLISHED IN THE SEPTEMBER QUARTER EDITION OF THE CHAMBER OF COMMERCE MAGAZINE In business and company sales, Warranties and Indemnities are ways of reallocating risk between sellers and buyers. “Caveat Emptor” (“buyer beware”) in English law means that generally buyers lack protection. Buyers may seek warranty and indemnity protection while sellers Read More …

The 6 Most Common Mistakes When Selling Your Business

1. Be Decisive Once you decide to sell or retire, don’t look back. Plan what you want or need from a sale and get on with it. I am a big believer that a wrong decision is better than indecision. 2. Due Diligence or lack thereof! This applies more to the buy side (i.e. Know Read More …

M&A Update: Financial Assistance in Corporate Transactions

Using the target to assist with the financing of an acquisition Prior to the Companies Act 2006, “Financial assistance” i.e. a target company using its own funds to purchase its own shares, was prohibited in both public and private company mergers and acquisitions, unless a “whitewash” procedure followed. In order to carry out the whitewash procedure a Read More …

UK Mergers and Acquisitions – Takeover Panel Changes

Attached is an article I had published on LexisNexis on the recent Takeover Panel changes and how they will affect Mergers and Acquisitions of Public Companies – Has MA Overhaul Levelled the Playing Field? If you require assistance or have any questions about Mergers, Acquisitions or Disposals of either Public or Private Companies, please don’t hesitate to contact Read More …

Restrictive Covenants

A Restrictive Covenant is a negative covenant that restricts the way in which a party can act. They are commonly used in the context of Property (to govern the way in which land may be used), Employment (what an employee cannot do after a period of employment or service) or in a company purchase or Read More …