Sep 27, 12:16 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By Jean LIOU 09/27/19 AT 11:48 AM French rail operator SNCF wants to merge Eurostar, which operates high-speed trains to London, and the Thalys service that takes passengers from France to Belgium, the Netherlands and Germany, its chief executive said on Friday.Guillaume Pepy said that the move, which would take up to two years to implement, would create a single and more efficient European railway company and respond to new challenges as passengers opt against flying due to climate change.He told reporters that the two networks, which are majority owned by the SNCF, could together transport 30 million passengers a year, compared with 18.5 million in 2018.The project for the merger, dubbed "Green Speed", would have to be approved by the other shareholders of both railway firms and their supervisory boards."The idea is to develop and expand the network," Pepy told … [Read more...] about France’s SNCF Wants To Merge Eurostar And Thalys Services
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Two accounting firms that have provided services for medium-sized businesses in Kentucky and other states plan on merging their practice effective on July 1. Both are CPA firms that have been in business for a number of decades.The hope is to provide clients with a greater range of financial and business consulting type services. "Since both firms have significant strengths in differing service areas, it just makes good business sense to combine the firms to meet new financial and business challenges facing their client bases," stated the managing director for one of the firms.It is felt that the combining of the two firms will allow for these businesses to better compete and also expand at a faster rate. It is claimed that such a merger will also be of benefit to employees as a wider range of career opportunities will be made available. The owners of the two firms hope to accomplish the merger without in any way disrupting day-to-day operations. Offices are to continually be … [Read more...] about Two Kentucky CPA Firms to Merge
When Paul Sciocchetti and Tony Ianniello merged their upstate New York law firms in late 2011, they expected Ianniello Anderson Sciocchetti & Reilly to be more successful together than they had been as separate entities.But in fact, in a struggling real estate market, the 15 attorneys in the merged firm often found themselves on opposite sides of the same deals, requiring one to step aside. So the partners amicably decided to untie the knot, the Business Review reports.“You can’t walk away from every fourth or fifth file because you have a conflict,” Sciocchetti told the publication. “We did this to expand the business, and in reality it’s just difficult because you have constant conflict.” … [Read more...] about Once-merged law firms separate, citing conflicts
Pursuant to the merger, COL shareholders, other than Indigo, will receive one Indigo common share for every 7.14 outstanding COL common shares held by them. The Sequoia group of funds, holder of approximately 12 per cent of the outstanding COL common shares, have agreed to support the merger. It is expected that the COL shareholders will vote on the merger in October 2001. Griffiths McBurney & Partners are acting as the financial advisors to the independent committee of the board of directors of COL. The COL independent committee was initially established to consider a takeover bid proposed by Chapters Inc. (which has since become Indigo) in December 2000 at a time when Chapters Inc. was fending off a bid for control by Trilogy Retail Enterprises L.P. Trilogy was subsequently successful in its bid for control of Chapters Inc. and Chapters Inc. and Indigo merged their operations effective August 14, 2001.Indigo is represented by Torys, including Peter Jewett, Philip Brown, William … [Read more...] about Chapters Online to Merge with Indigo
Mergers can be difficult, risky and expensive. So why do so many law firms contemplate them? Most would say they’re hoping to achieve a competitive advantage or find a quick fix to a perceived need. Mergers often help firms realize their strategic objectives. However, if not done for the right reasons, they can be a source of frustration and lead to a firm’s demise. THE RIGHT REASONSA good place to look for the right reasons is your firm’s strategic plan. For instance, a merger may make sense if your firm wishes to:Add experience and depth to an established practice area. Offering clients expanded capabilities is a great way to keep their business and increase your billings. For example, suppose by way of a merger you’re able to increase the size of your intellectual property practice and expand your firm’s patent infringement services. This could be important to existing and prospective clients when retaining a firm. Increase specialization. A … [Read more...] about Law Firm Mergers: To Merge or Not to Merge? That is the Question!