New York Roundtable Agenda

Tuesday, May 7

8:15AM – 8:40AM

REGISTRATION AND BREAKFAST

8:40AM – 9:00AM

WELCOME AND OPENING REMARKS

Martin Lipton
Chairman of the Board of Trustees, New York University
Founding Partner, Wachtell, Lipton, Rosen & Katz

9:00AM – 9:20AM

GLOBAL OVERVIEW OF THE MARKET FOR CORPORATE CONTROL

Antonio F. Weiss
Global Head of Investment Banking, Lazard

9:20AM – 10:40AM

ROUNDTABLE DISCUSSION – DEALS IN DEVELOPED MARKETS:
ACQUISITIONS AND INVESTMENTS BY COMPANIES FROM EMERGING AND NON-EMERGING ECONOMIES INTO DEVELOPED MARKETS

  • Calibrating deal terms to motivations: buying natural resources, brands, expertise, technology; repatriating foreign reserves
  • Strategies for winning the deal; auctions; hostiles
  • Structuring the deal: outright acquisitions vs. stepped transactions vs. JVs
  • Dealing with regulators, domestic and foreign
  • Strategies for overcoming protectionism
  • Financing the deal
  • Post-deal integration

10:40AM – 10:55AM

BREAK

10:55AM – 11:10AM

UPDATE ON GLOBAL SHAREHOLDER ACTIVISM

William D. Anderson, Jr.
Managing Director, Goldman Sachs

11:10AM – 12:30PM

ROUNDTABLE DISCUSSION — TAKEOVER REGIMES AND CORPORATE GOVERNANCE: COMPARING TAKEOVER REGIMES AND GOVERNANCE ACROSS JURISDICTIONS, INCLUDING FIDUCIARY DUTY DOCTRINES AND THE ROLE OF THE STATE, CORPORATE BOARDS AND INVESTORS

  • Role of boards of directors
  • Role of the state – Social goals of regulation of M&A
  • The market for corporate control and economic growth
  • Controlling & minority interests; prevalence, powers and protections

12:30PM – 2:00PM

LUNCH

Grand Hall

LUNCH ADDRESS – AN UPDATE ON THE CHINESE ECONOMY AND KEY REFORMS

Cai Hongbin
Dean, Peking University Guanghua School of Management

2:00PM – 2:10PM

UPDATE ON THE XBMA FORUM AND QUARTERLY REVIEW

2:10PM – 3:30PM

ROUNDTABLE DISCUSSION – DEALS IN EMERGING MARKETS:
ACQUISITIONS AND INVESTMENTS BY COMPANIES FROM DEVELOPED AND DEVELOPING ECONOMIES IN HIGH-GROWTH EMERGING MARKETS

  • Calibrating deal terms to motivations: buying natural resources, brands, expertise, technology; repatriating foreign reserves
  • Strategies for winning the deal; auctions; hostiles
  • Structuring the deal: outright acquisitions vs. stepped transactions vs. JVs
  • Dealing with regulators, domestic and foreign
  • Strategies for overcoming protectionism
  • Financing the deal
  • Post-deal integration

3:30PM – 3:45PM

BREAK

3:45PM – 4:00PM

TRENDS IN HOSTILE TRANSACTIONS, HOSTILE POLITICIANS AND PRIVATE EQUITY

Brian Healy
Managing Director, Morgan Stanley

4:00PM – 5:20PM

ROUNDTABLE DISCUSSION – SPECIAL ISSUES AND TRENDS IN CROSSBORDER M&A: A GLOBAL PERSPECTIVE

  • The evolving role of private equity and hedge funds
  • Activist investors
  • Globalization of strike suits
  • Unsolicited transactions
  • Anti-trust issues
  • National security and national interest regimes
  • Executive compensation

5:30PM

COCKTAIL RECEPTION

6:15PM

DINNER

Grand Hall
Hosted by Martin Lipton, Chairman of the Board of Trustees, New York University