CONTENTS Introduction to the Ivey Casebook Series vii Paul W. Beamish Preface Ix Introduction jd 1.M&A Responsibilities, Roles, Duties, Governance 1 Husky Energy Incorporated 8 ConAgra, Inc. . 25 A Guide for Directors: How Directors Can Navigate the Potential Problems of M&As 39 2.M&A Strategy Formulation 47 Hewlett-Packard in 2001 52 Newell Company: The Rubbermaid Opportunity 63 MapQuest 71 CIBC-Barclays: Should Their Caribbean Operations Be Merged? 86 3.M&A Valuation and Evaluation 101 The Empire Company Limited-The Oshawa Group Limited Proposal 106 The Gillette Company's Acquisition of Duracell International Inc.-Cost of Capital 122 FirstCaribbean: The Proposed Merger 132 4.M&A Approach and Structuring 145 Bluewater Foods Corporation 150 Merger of NOVA Corporation and TransCanada Pipelines Limited 154 Accounting for Acquisitions at JDS Uniphase Corporation 168 5.M&A Execution 179 CNCP Telecommunications Buyout 185 Accura/Flexco Acquisition 201 National IR: Catalyst Investments Acquisition of Montreaux 211 6.M&A-Closing the Deal 227 Cemex: The Souihdown Offer231 BC Sugar Refinery, Limited249 Antitrust: A Threat to Mergers and Acquisitions?265 7.M&A Integration and Value Realization271 Information Systems at FirstCaribbean: Choosing a Standard Operating Environment 277 FirsiCaribbean International Bank: The Marketing and Branding Challenges of a Startup 284 Harmonization of Compensation and Benefits for FirstCaribbean International Bank 299 8.M&A Avoidance and Alternatives 307 Blue Jay Energy & Chemical Corporation 312 IPC Corporation, Singapore 329 ATS Inc. 343 9.After the Merger: Recoveries and Exits 359 DaimlerCnrysler: Post-Merger News 363 Gillette's Energy Drain (A): The Acquisition of Duracell 376 Call-Net Enterprises Inc. (A) 388 10.Cross-Border M&A 399 Bombardier Transportation and the Adlranz Acquisition 405 Vincor and the New World of Wine 421 Appendix: Additional Cases Available From Ivey Publishing 437 About the Editors 443