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