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BCE Inc.: Facing the Future
Stephen R. Foerster; W. Glenn Rowe; Heather TobinCase IVEY-9B09N015-EFinance, StrategyBCE Inc. (BCE), one of Canada's leading integrated communications companies, faced numerous challenges. In the key wireless communications market, BCE was trailing its competitors on growth and revenue. BCE's share price was underperforming and shareholders, including the powerful Ontario Teachers' Pension Plan, were becoming concerned. In addition there were regulatory changes on the horizon that could have a serious impact on BCE's wireless div...Starting at €8.20
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State Fair of Virginia
W. Glenn Rowe; Karin SchnarrCase IVEY-9B12M050-EFinance, StrategyIn November 2011, the State Fair of Virginia, Inc. (SFVA), which had been operating since 1854, was facing a dire financial situation. SFVA was a privately held, not-for-profit organization that operated the state fair independent of the state government, and received no operating support from state or local governments. In 2003, the organization had borrowed $83 million against a $47 million investment portfolio in order to develop its new fairg...Starting at €8.20
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Georges Doriot and American Venture Capital
Nicholas, Tom; Chen, DavidCase HBS-812110-EFinanceFollowing the lean years of the Great Depression when bankruptcies proliferated and financing for new ventures virtually dried up, new demand for capital was created in a post-War environment of scientific and industrial expansion. Venture funding occurred more widely in the United States than it ever had done before. While the roots of the American venture capital industry are long-standing and multifaceted, they are frequently traced back to th...Starting at €8.20
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Unlocking Value At Canadian Pacific: The Proxy Battle With Pershing Square
Stephen R. Foerster; W. Glenn Rowe; Chris Makuch; Ken MarkCase IVEY-9B17N024-EFinanceA principal at the hedge fund GBR Capital needed to determine how best to vote her fund’s shares in the upcoming annual shareholders' meeting for Canadian Pacific (CP). For the previous decade, CP’s shares had underperformed compared to its key Canadian rStarting at €8.20
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Michael Milken: The Junk Bond King
Nicholas, Tom; Preble, MatthewCase HBS-816050-EFinanceMichael Milken, an investment banker who dominated the junk bond market in the 1980s, was sentenced to jail in 1990 after pleading guilty to a number of securities and tax related felonies. In the preceding decade, Milken had helped usher in a new wave of leveraged buy outs (LBOs) and greatly changed the structure of corporate America. By the late 1980s though, Milken and junk bonds became more heavily scrutinized, and Milken was eventually impli...Starting at €8.20