Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Mid-Market CIO Panel: Tips and Techniques for Improving Vendor Relationships
July 15, 4:00 PM - 5:00 PM U.S./Eastern (GMT-4)
We'll highlight relationship priorities and best practices identified in a Council study, and we'll interact with a CIO panel on the approaches they've used to improve strategic vendor partnerships.
Secrets of Successful Vendor Contract Negotiations for the Mid-Market
Sept. 10, 2009, 11:00 AM - 12:00 PM U.S./Eastern (GMT-4)
On this free public Council teleconference, Matthew A. Karlyn, attorney at Foley & Lardner in Boston, will share tips on negotiating tactics and new, creative contract terms to help mid-market CIOs make better deals.
Executive Competencies Assessment Tool
Assess Your Business Leadership Skills with the Council's new benchmarking tool. Rate yourself in change leadership, strategy, customer focus and more.
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US$41 Billion Deal to Buy Bell Canada Collapses
A US$41 billion deal to buy Bell Canada in what was once billed the leveraged buyout ever collapsed on Wednesday after failing a solvency test.
December 11, 2008 — IDG News Service —
A US$41 billion deal to buy Bell Canada in what was once billed the leveraged buyout ever collapsed on Wednesday after failing a solvency test.
The companies involved in buying Bell Canada, including the Ontario Teacher's Pension Plan and Merrill Lynch Global Private Equity, issued a joint statement terminating the deal after receiving the solvency opinion from KPMG, which was enlisted as part of the deal to evaluate the transaction.
KPMG ruled that if the deal were to go through it would result in an insolvent entity, or one unable to pay off its debts.
"Because KPMG has concluded that a required test for the solvency opinion was not met, this mutual condition to completion of the acquisition could not be, and was not, satisfied," the purchasers said in the statement. "Accordingly, the Purchaser terminated the agreement in accordance with its terms."
The purchasers also said they will not have to pay a US$1.2 billion termination fee due to the circumstances of the cancellation, nor do they expect to be paid a similar fee by Bell Canada.
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