Friday, January 25, 2008

That’s (Alu)minimum value!

Expensive metal (and we’re not talking of gold here!) is the hot & melting topic for the season in Canada. Well, you’d want to believe it’s so at least at Alcan Inc., the Canadian aluminium giant, where the shareholders apparently hold a Tom Albanese, CEO, Rio Tinto & his dream of making a base metal...view that ‘what if it’s not gold they own? Atleast their aluminium is worth its weight in gold!’ Yes, they firmly believe so, for they wouldn’t otherwise brush aside Alcoa’s colossal $26.9 billion revised bid offer & ask for more… But then again, the obvious happened & the Alcan shareholders didn’t have to wait for long, for along came Rio Tinto, the world’s second largest mining behemoth with its all-cash $38.1 billion mighty offer at $101 per Alcan share. ‘Overvalued’ you think as compared to the previous bids it received from Alcoa? Our confident answer to that is – yes! Grossly overvalued!


For Complete IIPM Article, Click here

Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Posted by at
Labels: , , , , ,

Thursday, January 17, 2008

The auto’matic dispute

The Bajaj clan is broadly divided into two families; one of Jamnalal Bajaj’s elder son Kamalnayan Bajaj (Rahul and Shishir) and the younger Ramkrishna Bajaj (Shekhar, Madhur and Niraj). According to sources, Rahul and his brother Shishir together own close to 47% of the family fortunes, while the rest of the balance is distributed among their three cousinsTesting its brakes?!. Rahul and his three cousins are said to be in cordial relationship while brother Shishir is apparently the opposing party.

Shishir, who manages the group’s third largest company, Bajaj Hindustan, has been vying for a business split for long. It all started when Shishir wanted a lion’s share from the Bajaj Group and demanded close to $120 million as his share, along with a vertical split in Bajaj Auto. He also proposed to buy out stock held by his brothers in certain companies he was interested in running and managing. This was reportedly deemed unjustifiable and not accepted, accordingly turned down. At one time it appeared that the Bajajs were grouped as ‘four brothers versus one’.


For Complete IIPM Article, Click here

Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative


Posted by at
Labels: , , , ,
Subscribe to: Comments (Atom)