peHUB Second Opinion 4.8
Oops: Did lawyers from New York's elite Wachtell, Lipton, Rosen & Katz mess up the Hexion Specialty Chemicals/Huntsman situation? Deal Journal reports yes, through "an operatic series of bad decisions and miscalculations." (DJ) While Everyone Sits On Their Hands: Sullivan and Cromwell says, "Deals are always risky, but doing nothing in a downturn may be the riskiest move of all." (BusinessWeek) Opposite Day: Yesterday we learned about "Obama-friendly" PE investing. Here's one company ideally suited not to prosper under the new administration. (Slate) Rule #1 of Pirate Negotiating: Don't give up your hostage (especially if it's the only one you have) before they do. According to reports on the ongoing saga: "After negotiating with the pirates, the civilian crew released the one pirate they had, expecting the pirates to release the captain, the sources added, but that did not happen." Ouch. (MSNBC)
