Author Profile
Bruner, Robert F.
Genzyme/Geltex Pharmaceuticals Joint Venture (SPANISH)
Bruner, Robert F. Bodily, Samuel E. Jacquet, Pierre
F-2078 | Published January 12, 2023 | 13 pages Case
Collection: Darden School of Business
This is a Spanish translation of the June 29, 2016 version of UVA-F-1254. In March 1997, an executive vice president of Genzyme Corporation must develop the terms by which the $518 billion (revenue) f... Read More
Penicillin: The Miracle Drug
Bruner, Robert F. Forio Simulation Bojanski, Michael Hogan, Sean Shepherdson, Will
ENT-0234 | Published December 21, 2022 | 20 pages Case
Collection: Darden School of Business
This case is a study of the initial discovery of penicillin and how it came to be a mass-market product. The discovery of penicillin is fascinating first and foremost because of its direct, life-savin... Read More
Le Frigorifique: Charles Tellier and the Creation of the Cold Chain (B)
Bruner, Robert F. Costa, Sarah Forio Simulation
ENT-0233 | Published December 20, 2022 | 4 pages Case
Collection: Darden School of Business
This case set describes the gale of creative destruction that came with the rise of refrigeration and the creation of a globalized food supply chain, examined through the life of Charles Tellier, a Fr... Read More
Le Frigorifique: Charles Tellier and the Creation of the Cold Chain (A)
Bruner, Robert F. Costa, Sarah Forio Simulation
ENT-0232 | Published December 20, 2022 | 22 pages Case
Collection: Darden School of Business
This case set describes the gale of creative destruction that came with the rise of refrigeration and the creation of a globalized food supply chain, examined through the life of Charles Tellier, a Fr... Read More
Euroland Foods 2024
Schill, Michael J. Bruner, Robert F. Opitz, Casey S.
F-2016 | Published May 18, 2022 | 12 pages Case
Collection: Darden School of Business
Facing strong pressure from investors to improve financial performance and preserve capital, senior management at Euroland Foods must select which projects to fund across a slate of major investment p... Read More
Ask Often, Tell Seldom: Good Practices in Case Teaching for the New Instructor and the Seasoned Colleague (BOOK)
PHA-0082 | Published March 16, 2022 | 173 pages Book
Collection: Darden School of Business
Beginning with vignettes in which fictional instructors are confronted with real classroom problems, this book offers guidance on the core values of case teaching, gives strategies for shaping an effe... Read More
Britannia Chemicals PLC (B): The Merseyside and Antwerp Projects
Schill, Michael J. Bruner, Robert F. McTigue, Frank H.
F-1976 | Published June 21, 2021 | 11 pages Case
Collection: Darden School of Business
Britannia Chemicals was under pressure from investors to improve its financial performance because of the accumulation of the firm’s common shares by a well-known corporate raider. Earnings had fallen... Read More
Case Studies about Financial Crises and Civic Reactions
F-1975 | Published February 23, 2021 | 16 pages Technical Note
Collection: Darden School of Business
This note describes a collection of 26 teaching case studies and 5 expository notes on the history of financial crises from 1720 to 2008. The note also summarizes a semester-length course design base... Read More
Britannia Chemicals PLC (A): The Merseyside Project
Bruner, Robert F. Schill, Michael J.
F-1906 | Published February 16, 2021 | 8 pages Case
Collection: Darden School of Business
Britannia Chemicals was under pressure from investors to improve its financial performance because of the accumulation of the firm’s common shares by a well-known corporate raider. Earnings had fallen... Read More
1923: Hyperinflation in Germany
Bruner, Robert F. De Notto, Christopher
F-1965 | Published December 18, 2020 | 15 pages Technical Note
Collection: Darden School of Business
In the 1920s, Germany experienced one of the most severe episodes of hyperinflation in history. The episode originated in military defeat and revolution, produced instability that figured prominently ... Read More
1990 USSR: Reform, Revolution, or Retrenchment (A)
Bruner, Robert F. Zelikow, Carolyn De Notto, Christopher
F-1969 | Published December 04, 2020 | 36 pages Case
Collection: Darden School of Business
In August 1990, Mikhail Gorbachev, president of the Union of Soviet Socialist Republics (USSR) and general secretary of the Central Committee of the Communist Party, confronted one of the most difficu... Read More
1990 USSR: Reform, Revolution, or Retrenchment (B)
Bruner, Robert F. Zelikow, Carolyn De Notto, Christopher
F-1970 | Published December 04, 2020 | 5 pages Case
Collection: Darden School of Business
In August 1990, Mikhail Gorbachev, president of the Union of Soviet Socialist Republics (USSR) and general secretary of the Central Committee of the Communist Party, confronted one of the most difficu... Read More
1933: Germany's Economic Crises (B)
Bruner, Robert F. De Notto, Christopher
F-1967 | Published November 13, 2020 | 4 pages Case
Collection: Darden School of Business
In January 1933, German president Paul von Hindenburg confronted the dilemma of whom to appoint as chancellor in the midst of the Great Depression, polarization of voters, civil unrest, rumors of a pe... Read More
1933: Germany's Economic Crises (A)
Bruner, Robert F. De Notto, Christopher
F-1966 | Published November 13, 2020 | 29 pages Case
Collection: Darden School of Business
In January 1933, German president Paul von Hindenburg confronted the dilemma of whom to appoint as chancellor in the midst of the Great Depression, polarization of voters, civil unrest, rumors of a pe... Read More
1933–1938: The New Deal and the Great Depression
F-1951 | Published June 30, 2020 | 54 pages Case
Collection: Darden School of Business
In December 1938, US president Franklin D. Roosevelt (FDR) contemplated recent setbacks that challenged the viability of his program of economic recovery, popularly called the "New Deal." Various achi... Read More
Bayern Brauerei (Abridged)
Farris, Paul W. Bruner, Robert F.
F-1744 | Published May 12, 2020 | 2 pages Case
Collection: Darden School of Business
A recently hired marketing executive has been incentivized to grow sales and exploit a newly opened market. The tasks for the student are to evaluate the liberal credit and inventory support the comp... Read More
Financial Crisis and the Revolutions of 1848 (B)
Bruner, Robert F. Miller, Scott
F-1933 | Published January 13, 2020 | 10 pages Case
Collection: Darden School of Business
On March 15, 1848, the governor of the Bank of France, Antoine d'Argout, faced the potential collapse of his institution. A cascade of agricultural and industrial shocks, rising food prices, spikes in... Read More
Financial Crisis and the Revolutions of 1848 (A)
Bruner, Robert F. Miller, Scott
F-1932 | Published January 13, 2020 | 31 pages Case
Collection: Darden School of Business
On March 15, 1848, the governor of the Bank of France, Antoine d'Argout, faced the potential collapse of his institution. A cascade of agricultural and industrial shocks, rising food prices, spikes in... Read More
The Financial Crisis of 1847 (B)
Bruner, Robert F. Miller, Scott
F-1931 | Published December 23, 2019 | 8 pages Case
Collection: Darden School of Business
On October 25, 1847, British prime minister John Russell met with his cabinet to review a deepening financial crisis and to weigh proposals for government response. Chief among these were two proposal... Read More
The Financial Crisis of 1847 (A)
Bruner, Robert F. Miller, Scott
F-1930 | Published December 23, 2019 | 31 pages Case
Collection: Darden School of Business
On October 25, 1847, British prime minister John Russell met with his cabinet to review a deepening financial crisis and to weigh proposals for government response. Chief among these were two proposal... Read More
The Great Industrial Revolution in Europe: 1760–1860
Bruner, Robert F. Miller, Scott
F-1926 | Published December 11, 2019 | 18 pages Technical Note
Collection: Darden School of Business
The first (or "Great") Industrial Revolution occurred in Europe from roughly 1760 to 1860, and marked the end of the centuries-long feudal era and the rise of modern capitalism. To understand the mode... Read More
The Classic Gold Standard: 1870–1914
F-1921 | Published November 07, 2019 | 8 pages Technical Note
Collection: Darden School of Business
Debates on issues about the economy, growth, inequality, fiscal responsibility, and financial crises frequently reduce to debates about money. Moreover, debates about money often reduce to the soundne... Read More
Asset Price Bubbles
Bruner, Robert F. Schill, Michael J.
F-1919 | Published November 07, 2019 | 15 pages Technical Note
Collection: Darden School of Business
Market lore recounts a host of fabled asset price bubbles: the Dutch tulip bubble of the 1630s, the South Sea and Mississippi bubbles of 1720, the dot-com bubble of the late 1990s, and the global real... Read More
1930–1933: The Great Depression and the End of “Orthodoxy” (B)
F-1905 | Published October 15, 2019 | 6 pages Case
Collection: Darden School of Business
Following an A case that presents the dominant narrative around the causes and remedies for the Great Depression, this B case provides correspondence between outgoing president Herbert Hoover and pres... Read More
1930–1933: The Great Depression and the End of “Orthodoxy” (A)
F-1904 | Published October 15, 2019 | 42 pages Case
Collection: Darden School of Business
In February 1933, President Herbert Hoover reviewed the past four years of his administration. He had met a stock market crash and a recession that worsened into the Depression with actions out of the... Read More
The Depression of 1920–1921 and the Return to “Orthodoxy” (B)
F-1891 | Published October 15, 2019 | 5 pages Case
Collection: Darden School of Business
In the A case, F-1890, the leaders of the Federal Reserve Board (FRB) and the US Treasury confronted questions that seemed likely to shape the Federal Reserve (Fed) for years to come. What should be t... Read More
The Depression of 1920–1921 and the Return to “Orthodoxy” (A)
F-1890 | Published October 15, 2019 | 38 pages Case
Collection: Darden School of Business
In March 1921, the Federal Reserve Board (FRB) wrestled with setting monetary policy during a severe economic contraction, called by many a depression. FRB members disagreed over whether to respond to... Read More
1918–1932: The International Great Depression (A)
F-1902 | Published October 11, 2019 | 38 pages Case
Collection: Darden School of Business
In May 1932, US president Herbert Hoover and British prime minister Ramsay MacDonald called for leaders from 65 nations to attend the World Economic Conference, scheduled to occur in the winter of 193... Read More
1918–1932: The International Great Depression (B)
F-1903 | Published October 11, 2019 | 5 pages Case
Collection: Darden School of Business
In this B case, the actual events of the 1933 World Economic Conference are summarized, along with the actions and intentions of newly elected President Franklin D. Roosevelt, and reactions by the dom... Read More
The "Roaring ’20s" and the Crash of 1929
Bruner, Robert F. Miller, Scott
F-1908 | Published October 08, 2019 | 38 pages Case
Collection: Darden School of Business
In April 1930, US Treasury Secretary Andrew Mellon reviewed recent stock market events as he prepared to enter a meeting of the Federal Reserve Board, which he chaired. In September and October 1929, ... Read More
1720: John Law and the Mississippi Bubble (A)
Bruner, Robert F. Miller, Scott
F-1812 | Published August 01, 2018 | 21 pages Case
Collection: Darden School of Business
John Law had fled to safety in Brussels, Belgium, in December 1720. His furtive exit from France confirmed for many people that he was a criminal. Yet only months before, he had been hailed as a finan... Read More
1720: John Law and the Mississippi Bubble (B)
Bruner, Robert F. Miller, Scott
F-1813 | Published August 01, 2018 | 6 pages Case
Collection: Darden School of Business
The B case follows John Law after the crash of the Mississippi Bubble. From 1721 to 1723, John Law hovered near to France, hoping to receive a message from the regent to return and repair his system. ... Read More
The South Sea Bubble and the Rise of the Bank of England (A)
Bruner, Robert F. Miller, Scott
F-1820 | Published July 30, 2018 | 27 pages Case
Collection: Darden School of Business
In October 1720, John Hanger, governor of the Bank of England (BoE), and his fellow directors confronted the imminent collapse of the South Sea Company (SSC). The SSC directors urgently appealed to th... Read More
The South Sea Bubble and the Rise of the Bank of England (B)
Bruner, Robert F. Miller, Scott
F-1821 | Published July 30, 2018 | 11 pages Case
Collection: Darden School of Business
In October 1720, John Hanger, governor of the Bank of England (BoE), and his fellow directors confronted the imminent collapse of the South Sea Company (SSC). The SSC directors urgently appealed to th... Read More
The Panic of 1819 and the Second Bank of the United States
Bruner, Robert F. Murphy, Sharon Ann
F-1815 | Published July 30, 2018 | 30 pages Case
Collection: Darden School of Business
In 1822, the directors of the Second Bank of the United States contemplated the election of a new president of the bank. The policies of the new president would either continue those of the retiring i... Read More
Fighting the Financial Crisis of 2008
F-1833 | Published July 27, 2018 | 34 pages Case
Collection: Darden School of Business
Set in January 2009, this case summarizes the events surrounding the financial crisis of 2008 as well as leading theories of its origin. Treasury Secretary Henry Paulson must brief the incoming Obama ... Read More
The Financial Crises of the 1890s and the High Tide of Populism (B)
F-1832 | Published July 27, 2018 | 10 pages Case
Collection: Darden School of Business
The A case describes the views of the two leading candidates for US President, William Jennings Bryan and William McKinley, along with those of three other figures: J. P. Morgan, Mary Elizabeth Lease,... Read More
The Financial Crises of the 1890s and the High Tide of Populism (A)
F-1831 | Published July 27, 2018 | 49 pages Case
Collection: Darden School of Business
Set in November 1896, the case describes the views of the two leading candidates for US president, William Jennings Bryan and William McKinley, along with those of three other figures: J. P. Morgan, M... Read More
The Panic of 1873 and the "Long Depression" (A)
F-1824 | Published July 27, 2018 | 49 pages Case
Collection: Darden School of Business
In 1878, President Rutherford B. Hayes must decide whether to sign the Bland-Allison Act and commit the United States to minting silver coins and thus return to a bimetal standard of currency. At issu... Read More
The Panic of 1873 and the "Long Depression" (B)
F-1825 | Published July 27, 2018 | 3 pages Case
Collection: Darden School of Business
In 1878, President Rutherford B. Hayes must decide whether to sign the Bland-Allison Act and commit the United States to minting silver coins and thus return to a bimetal standard of currency. At issu... Read More
(Still) Fighting the Financial Crisis of 2008: Ten Years Later
F-1838 | Published July 27, 2018 | 34 pages Case
Collection: Darden School of Business
Set in the spring of 2018, the US Congress contemplated changes to the Dodd-Frank Act in an effort to improve financial regulation in the United States. The case offers details on the slow recovery fr... Read More
Fighting Financial Crises: Making Policy
F-1848 | Published July 26, 2018 | 5 pages Technical Note
Collection: Darden School of Business
This note shapes a framework of competing policy priorities for governments in responding to a financial crisis: rescue, relief, recovery, and reform. The dominant considerations are where, when, how,... Read More
Fighting Financial Crises: Problems and Remedies
F-1847 | Published July 26, 2018 | 19 pages Technical Note
Collection: Darden School of Business
This note reviews seven recurrent factors in financial crises (runnable debt, rising leverage, financial innovation, complexity, contagion, cognitive bias, incompetence, and ethical violations) and so... Read More
Bretton Woods and the Financial Crisis of 1971 (A)
F-1834 | Published July 25, 2018 | 28 pages Case
Collection: Darden School of Business
In August 1971, US President Richard Nixon must decide how to respond to a growing "run" on the US dollar. Declining confidence in the dollar has led some national trading partners to redeem dollars f... Read More
Bretton Woods and the Financial Crisis of 1971 (B)
F-1835 | Published July 25, 2018 | 6 pages Case
Collection: Darden School of Business
In August 1971, US President Richard Nixon must decide how to respond to a growing "run" on the US dollar. Declining confidence in the dollar has led some national trading partners to redeem dollars f... Read More
Bretton Woods and the Financial Crisis of 1971 (A) and (B) (Abridged)
F-1837 | Published July 25, 2018 | 28 pages Case
Collection: Darden School of Business
In August 1971, US President Richard Nixon must decide how to respond to a growing "run" on the US dollar. Declining confidence in the dollar has led some national trading partners to redeem dollars f... Read More
Bretton Woods and the Financial Crisis of 1971 (C)
F-1836 | Published July 25, 2018 | 10 pages Case
Collection: Darden School of Business
In August 1971, US President Richard Nixon must decide how to respond to a growing "run" on the US dollar. Declining confidence in the dollar has led some national trading partners to redeem dollars f... Read More
The Panic of 1861 and the Advent of Greenbacks and National Banking (A)
Bruner, Robert F. Caires, Michael T.
F-1822 | Published July 24, 2018 | 40 pages Case
Collection: Darden School of Business
Set in 1870, the case describes the situation of Supreme Court Chief Justice Salmon P. Chase, who must render an opinion in Hepburn v. Griswold, which challenges the constitutionality of the creation ... Read More
The Panic of 1861 and the Advent of Greenbacks and National Banking (B)
Bruner, Robert F. Caires, Michael T.
F-1823 | Published July 24, 2018 | 6 pages Case
Collection: Darden School of Business
Set in 1870, the B case describes Chief Justice Samuel P. Chase's opinion in Hepburn v. Griswold, which challenged the constitutionality of a national fiat currency. The B case also discusses reaction... Read More
America’s Depression of 1784–1787 and the Advent of Nationalism
Bruner, Robert F. Miller, Scott
F-1778 | Published July 11, 2018 | 36 pages Case
Collection: Darden School of Business
In June 1788, James Madison prepared to attend a convention in Virginia to consider ratification of the proposed Constitution for the United States. The recent depression (1784–87) had triggered a maj... Read More
Guna Fibres, Ltd. (RUSSIAN)
Schill, Michael J. Bruner, Robert F. Pham, Thien T.
F-1998 | Published November 08, 2017 | 11 pages Case
Collection: Darden School of Business
This is a Russian translation of the Feb. 1, 2017 version of UVA-F-1687. The chief executive of a small yarn-production company in India must resolve an unexpected cash shortage. The task for the stud... Read More
The Panic of 1791: Hamilton's Reports and the Rise of Faction (A)
Bruner, Robert F. Miller, Scott
F-1783 | Published November 07, 2017 | 24 pages Case
Collection: Darden School of Business
On December 5, 1791, Secretary of the Treasury Alexander Hamilton presented to Congress his "Report on the Subject of Manufactures," which proposed significant government support for nascent American ... Read More
The Panic of 1791: Hamilton's Reports and the Rise of Faction (B)
Bruner, Robert F. Miller, Scott
F-1784 | Published November 07, 2017 | 10 pages Case
Collection: Darden School of Business
On December 5, 1791, Secretary of the Treasury Alexander Hamilton presented to Congress his "Report on the Subject of Manufactures," which proposed significant government support for nascent American ... Read More
The Panic of 1907 and the High Tide of Progressivism (B)
F-1782 | Published October 17, 2017 | 4 pages Case
Collection: Darden School of Business
This follow-up to "The Panic of 1907 and the High Tide of Progressivism (A)" (UVA-F-1781) explores how well the Federal Reserve Act of 1913 addressed the issues exposed by the Panic of 1907, as well a... Read More
The Panic of 1907 and the High Tide of Progressivism (A)
F-1781 | Published October 17, 2017 | 30 pages Case
Collection: Darden School of Business
In June 1913, President Woodrow Wilson confronts a legislative deadlock over terms to define a new Federal Reserve Bank for the United States. The recent Panic of 1907 triggered a major civic reaction... Read More
The Panic of 2008 and Brexit: Regional Integration versus Nationalism
F-1791 | Published October 09, 2017 | 19 pages Case
Collection: Darden School of Business
In June 23, 2016, voters in the United Kingdom have just approved a referendum calling for leaving the European Union. The case describes the motives for European integration, the rise of separatist m... Read More
The Panic of 1857, Nationalism, and Secession (B)
F-1803 | Published September 26, 2017 | 4 pages Case
Collection: Darden School of Business
This case considers the association between a financial crisis and regime change. The setting for this case is 1861, when Virginians debate the question of secession from the United States, and when n... Read More
The Panic of 1857, Nationalism, and Secession (A)
F-1802 | Published September 26, 2017 | 34 pages Case
Collection: Darden School of Business
This case considers the association between a financial crisis and regime change. The setting for this case is 1861, when Virginians debate the question of secession from the United States, and when n... Read More
The Panic of 1857, the New York Clearing House, and the Concept of Insolvency (B)
F-1793 | Published September 22, 2017 | 5 pages Case
Collection: Darden School of Business
The Panic of 1857 stands out in financial history for its severity, for the coordination of banks through the New York Clearing House (NYCH), for the establishment of a legal doctrine about illiquidit... Read More
The Panic of 1857, the New York Clearing House, and the Concept of Insolvency (A)
F-1792 | Published September 22, 2017 | 34 pages Case
Collection: Darden School of Business
The Panic of 1857 stands out in financial history for its severity, for the coordination of banks through the New York Clearing House (NYCH), for the establishment of a legal doctrine about illiquidit... Read More
The Panic of 2001 and Corporate Transparency, Accountability, and Trust (B)
F-1789 | Published September 21, 2017 | 7 pages Case
Collection: Darden School of Business
These cases are part of a module of teaching materials that study the major financial events of the first decade of the 2000s and the dramatic shift in civic attitudes that accompanied them. Cases on ... Read More
The Panic of 2001 and Corporate Transparency, Accountability, and Trust (A)
F-1788 | Published September 21, 2017 | 29 pages Case
Collection: Darden School of Business
These cases are part of a module of teaching materials that study the major financial events of the first decade of the 2000s and the dramatic shift in civic attitudes that accompanied them. Cases on ... Read More
The Panic of 1837 and the Market Revolution in America (A)
F-1785 | Published September 20, 2017 | 20 pages Case
Collection: Darden School of Business
In 1837, President Martin Van Buren confronted a dilemma over the appropriate federal response to the recent Panic of 1837 that seemed to undercut the policies and power of Andrew Jackson's "Democracy... Read More
The Panic of 1837 and the Market Revolution in America (B)
F-1786 | Published September 20, 2017 | 22 pages Case
Collection: Darden School of Business
In 1837, President Martin Van Buren confronted a dilemma over the appropriate federal response to the recent Panic of 1837 that seemed to undercut the policies and power of Andrew Jackson's "Democracy... Read More
The Panic of 1837 and the Market Revolution in America (C)
F-1787 | Published September 20, 2017 | 6 pages Case
Collection: Darden School of Business
In 1837, President Martin Van Buren confronted a dilemma over the appropriate federal response to the recent Panic of 1837 that seemed to undercut the policies and power of Andrew Jackson's "Democracy... Read More
The Panic of 1837 and the Market Revolution in America (A) and (B) (Abridged)
F-1806 | Published September 20, 2017 | 23 pages Case
Collection: Darden School of Business
In 1837, President Martin Van Buren confronted a dilemma over the appropriate federal response to the recent Panic of 1837 that seemed to undercut the policies and power of Andrew Jackson's "Democracy... Read More
Warren E. Buffett, 2015 (Spanish Translation)
Bruner, Robert F. DuBois, Jake
F-1808 | Published July 11, 2017 | 21 pages Case
Collection: Darden School of Business
This is a Spanish translation of the Feb. 1, 2017 version of UVA-F-1769. This case was designed as an introduction to a finance course or a module on capital markets. Alternatively, it could be used a... Read More
Warren E. Buffett, 2015
Bruner, Robert F. DuBois, Jake
F-1769 | Published February 01, 2017 | 20 pages Case
Collection: Darden School of Business
This case was designed as an introduction to a finance course or a module on capital markets. Alternatively, it could be used as a basic introduction to methods of valuing a firm. A detailed teaching ... Read More
Fonderia del Piemonte S.p.A.
Bruner, Robert F. Schill, Michael J.
F-1764 | Published October 21, 2016 | 3 pages Case
Collection: Darden School of Business
The managing director of this specialty foundry must decide whether to approve a major investment to automate part of her plant's production process. The case presents information sufficient to build ... Read More
The Wm. Wrigley Jr. Company: Capital Structure, Valuation, and Cost of Capital (SPANISH)
Bruner, Robert F. Forio Simulation
F-1840 | Published January 27, 2016 | 12 pages Case
Collection: Darden School of Business
This is a Spanish translation of the Nov. 15, 2005 version of UVA-F-1482. In June 2002, a managing director of an "active investor" hedge fund is considering the possible gains from increasing the deb... Read More
Empirical Chemicals, Ltd. (A): The Merseyside Project (JAPANESE)
F-1816 | Published May 13, 2015 | 10 pages Case
Collection: Darden School of Business
This is a Japanese translation of the Jan. 1, 1998 version of UVA-F-1020. Cases Empirical Chemicals (A) and (B) consider the capital-investment decisions to be made by executives of this large chemic... Read More
Empirical Chemicals, Ltd. (B): Merseyside and Rotterdam Projects (JAPANESE)
F-1817 | Published May 13, 2015 | 6 pages Case
Collection: Darden School of Business
This is the Japanese translation of the Jan. 1, 1998 version of UVA-F-1021. The B case extends the analysis in the A case (UVA-F-1020) to the next level, where the executive must choose between two m... Read More
Guna Fibres, Ltd.
Schill, Michael J. Bruner, Robert F. Pham, Thien T.
F-1687 | Published February 04, 2013 | 11 pages Case
Collection: Darden School of Business
The chief executive of a small yarn-production company in India must resolve an unexpected cash shortage. The task for the student is to evaluate the causes of this shortage (using a completed “base-c... Read More
Robb Fitzgerald at Comvia Networks
OB-0996 | Published March 05, 2010 | 16 pages Case
Collection: Darden School of Business
Intended for MBA and executive education classes, this case explores the role of the CEO and the complex relationships that come with it. The story of the dramatic turnaround of this publicly-listed f... Read More
FedEx Corp. versus United Parcel Service of America, Inc.: Who Will Deliver Returns from China?
Bruner, Robert F. Lipson, Marc Forio Simulation
F-1601 | Published September 03, 2009 | 14 pages Case
Collection: Darden School of Business
In early 2006, the anticipated expansion of package delivery services in China provided a great opportunity for the two package delivery giants FedEx and UPS. It was unclear which of these firms would... Read More
The Panic of 1907
Bruner, Robert F. Debaere, Peter Forio Simulation
G-0619 | Published September 05, 2008 | 13 pages Case
Collection: Darden School of Business
The case discusses and analyzes the runup to the financial panic of 1907 and its aftermath. Market conditions and institutional responses are highlighted. We sketch the broader economic context and th... Read More
Victoria Chemicals PLC (A): The Merseyside Project
F-1543 | Published August 29, 2008 | 8 pages Case
Collection: Darden School of Business
This case series considers the capital-investment decisions to be made by executives of a large chemicals firm in January 2008. The A case presents a go/no-go project evaluation regarding improvements... Read More
Victoria Chemicals PLC (B): The Merseyside and Rotterdam Projects
F-1544 | Published August 29, 2008 | 5 pages Case
Collection: Darden School of Business
This case series considers the capital-investment decisions to be made by executives of a large chemicals firm in January 2008. The A case (UVA-F-1543) presents a go/no-go project evaluation regarding... Read More
Warren E. Buffett, 2005 (JAPANESE)
Bruner, Robert F. Forio Simulation
F-1915 | Published November 29, 2007 | 24 pages Case
Collection: Darden School of Business
This is a Japanese translation of the November 17, 2005, version of UVA-F-1483. In May 2005, Warren Buffett, the chair and chief executive officer of Berkshire Hathaway Inc., announced that MidAmerica... Read More
An Overview of Patent Quality: Assessment Valuation and Financial Reporting Implications
Bruner, Robert F. Frank, Mary Margaret Simko, Paul J. Martin, David
F-1539 | Published January 16, 2007 | 16 pages Technical Note
Collection: Darden School of Business
A significant fraction of corporate market values derive from intellectual property. It is vital for the practicing manager to appreciate the risks and uncertainties surrounding intellectual property.... Read More
Required Rate of Return
Eades, Kenneth M. Harris, Robert S. Bruner, Robert F.
F-1515 | Published November 20, 2006 | 60 pages Multimedia Case
Collection: Darden School of Business
This online tutorial presents an introduction to the principles and techniques for estimating required rates of return. The narrated, step-by-step guide can help the student understand rates of return... Read More
Ethics in Finance
F-1503 | Published January 17, 2006 | 15 pages Technical Note
Collection: Darden School of Business
This paper reflects on the role of ethics in field of finance. Read More
Euro Takeover! 2005 (A) The Target: HoogenFood N.V.
Bruner, Robert F. Rimland, Edward M. McNicholas, John P. Forio Simulation
F-1497 | Published December 13, 2005 | 46 pages Case
Collection: Darden School of Business
This exercise simulates a hostile takeover attempt. The target is an underperforming conglomerate with two principal business segments: consumer foods and specialty chemicals. The raider company has a... Read More
Euro Takeover! 2005 (B) The Raider: Finance Mondiale S.A.
Bruner, Robert F. Rimland, Edward M. McNicholas, John P. Forio Simulation
F-1498 | Published December 13, 2005 | 46 pages Case
Collection: Darden School of Business
This exercise simulates a hostile takeover attempt. The target is an underperforming conglomerate with two principal business segments: consumer foods and specialty chemicals. The raider company has a... Read More
Euro Takeover! 2005 (C) The LBO Sponsor: Lanza E Compagnia
Bruner, Robert F. Rimland, Edward M. McNicholas, John P. Forio Simulation
F-1499 | Published December 13, 2005 | 47 pages Case
Collection: Darden School of Business
This exercise simulates a hostile takeover attempt. The target is an underperforming conglomerate with two principal business segments: consumer foods and specialty chemicals. The raider company has a... Read More
Deluxe Corporation
Bruner, Robert F. Chaplinsky, Susan Forio Simulation
F-1492 | Published December 08, 2005 | 20 pages Case
Collection: Darden School of Business
In July 2002, an investment banker advising Deluxe Corporation must prepare recommendations to the company's board of directors regarding the firm's financial policy. Special considerations are the mi... Read More
Gainesboro Machine Tools Corporation
Bruner, Robert F. Forio Simulation
F-1489 | Published December 06, 2005 | 16 pages Case
Collection: Darden School of Business
In mid-September 2005, Ashley Swenson, the chief financial officer of this large CAD/CAM (computer aided design and manufacturing) equipment manufacturer must decide whether to pay out dividends to th... Read More
Warren E. Buffett, 2005
Bruner, Robert F. Forio Simulation
F-1483 | Published November 17, 2005 | 20 pages Case
Collection: Darden School of Business
In May 2005, Warren Buffett, the chair and chief executive officer of Berkshire Hathaway Inc., announced that MidAmerican Energy Holdings Company, a subsidiary of Berkshire Hathaway, would acquire the... Read More
The Battle for Value, 2004: FedEx Corp. vs. United Parcel Service, Inc.
Forio Simulation Bruner, Robert F.
F-1484 | Published November 17, 2005 | 22 pages Case
Collection: Darden School of Business
Set in June 2004, this case invites the student to assess the financial performance of FedEx Corp. and United Parcel Service, Inc. (UPS). The two firms have competed intensely for dominance of the ove... Read More
Teletech Corporation, 2005
Bruner, Robert F. Forio Simulation
F-1485 | Published November 17, 2005 | 15 pages Case
Collection: Darden School of Business
This case serves as part of an introduction to estimating investors’ required rates of return. It should follow one or two class sessions covering the techniques for estimating WACC. The numerical cal... Read More
The Financial Detective, 2005
Bruner, Robert F. Forio Simulation
F-1486 | Published November 17, 2005 | 4 pages Case
Collection: Darden School of Business
The case presents the student with financial ratios for eight pairs of unidentified companies and asks them to mate the description of the company with the financial profile derived from the ratios. T... Read More
Primus Automation Division, 2002
Bruner, Robert F. Hengelbrok, Robert Forio Simulation
F-1487 | Published November 17, 2005 | 12 pages Case
Collection: Darden School of Business
In early 2002, an analyst, Tom Baumann, must propose terms for leasing one of his company's advanced factory-automation systems to a major customer. From the lessor's standpoint, the challenge is simp... Read More
The Wm. Wrigley Jr. Company: Capital Structure, Valuation, and Cost of Capital
Bruner, Robert F. Forio Simulation
F-1482 | Published November 15, 2005 | 11 pages Case
Collection: Darden School of Business
In June 2002, a managing director of an "active investor" hedge fund is considering the possible gains from increasing the debt capitalization of The Wm. Wrigley Jr. Company. Wrigley has been conserva... Read More
Krispy Kreme Doughnuts, Inc.
Bruner, Robert F. Forio Simulation
F-1479 | Published November 14, 2005 | 16 pages Case
Collection: Darden School of Business
This case considers the sudden and very large drop in the market value of equity for Krispy Kreme Doughnuts, Inc., associated with a series of announcements in 2004. These announcements caused investo... Read More
Bill Miller and Value Trust
Bruner, Robert F. Forio Simulation
F-1481 | Published November 14, 2005 | 17 pages Case
Collection: Darden School of Business
Set in the autumn of 2005, this case recounts the remarkable performance record of Value Trust, a mutual fund managed by William H. "Bill" Miller III at Legg Mason, Inc. The case describes the investm... Read More
Compass Records
Bruner, Robert F. Eades, Kenneth M. Forio Simulation
F-1488 | Published September 12, 2005 | 12 pages Case
Collection: Darden School of Business
The cofounder of Compass Records, a small, independent music-recording company, must decide whether to "produce and own" the next album of an up-and-coming folk musician or simply "license" her finish... Read More
General Electric's Proposed Acquisition of Honeywell
Eskinazi, Solomon Bruner, Robert F. Forio Simulation
F-1493 | Published September 12, 2005 | 22 pages Case
Collection: Darden School of Business
On March 1, 2001, Jessica Gallinelli, managing director of Bancroft Capital Management, heard surprising and somewhat disturbing news about the proposed bid by General Electric Company (GE) for Honeyw... Read More
Deutsche Bank Securities: Financing the Acquisition of Consolidated Supply S.A.
Bruner, Robert F. Forio Simulation
F-1494 | Published September 12, 2005 | 22 pages Case
Collection: Darden School of Business
In November 2003, a vice president of Deutsche Bank Securities received a request from a client to finance the acquisition of a large hospital-supply distributor. The client needed to present to the s... Read More
Arcadian Microarray Technologies, Inc.
Bruner, Robert F. Forio Simulation
F-1496 | Published September 12, 2005 | 18 pages Case
Collection: Darden School of Business
In August 2005, an investment manager of a hedge fund is considering purchasing an equity interest in a start-up biotechnology firm, Arcadian Microarray Technologies, Inc. The asking price is $40 mill... Read More
War of the Handbags: The Takeover Battle for Gucci Group N.V.
Bruner, Robert F. Hodrick, Laurie Simon Forio Simulation
F-1473 | Published August 11, 2005 | 53 pages Case
Collection: Darden School of Business
At three o'clock in the morning on September 10, 2001, Thierry Hautillac, a risk arbitrageur, learns of the final agreement between Pinault-Printemps-Redoute SA ("PPR") and LVMH Mo?t Hennessy Louis Vu... Read More
Genmor Pharmaceuticals' Acquisition of Vascorex Corporation
Bruner, Robert F. Simko, Paul J. Frank, Mary Margaret Martin, David Goldstein, Marc
C-2226 | Published July 15, 2005 | 20 pages Case
Collection: Darden School of Business
This case asks students to identify and evaluate the merits of two factors that have led a buy-side analyst to conclude that an acquiring company is a high-risk investment: (1) the company's allocatio... Read More
General Electric's Acquisition of Amersham PLC
Bruner, Robert F. Simko, Paul J. Frank, Mary Margaret Martin, David Goldstein, Marc
F-1458 | Published November 03, 2004 | 27 pages Case
Collection: Darden School of Business
In September 2003, the CEO of General Electric must evaluate a final proposal for it to acquire Amersham plc, the leading producer of contrast agents used in medical diagnostics. The case permits the ... Read More
Characteristics of Emerging Economies
Li, Wei Bruner, Robert F. Conroy, Robert M. Hoyer-Ellefsen, Richard Palacios, Miguel
F-1453 | Published October 06, 2004 | 26 pages Case
Collection: Darden School of Business
Today, roughly 30 countries are classified as "emerging markets" by the World Bank. Investor interest in these markets has grown substantially over time. During the first half of the 1990s, privatizat... Read More
The Merger of Hewlett-Packard and Compaq (A): Strategy and Valuation
Bruner, Robert F. Buchanan, Anna
F-1450 | Published September 03, 2004 | 25 pages Case
Collection: Darden School of Business
In 2002, a money manager is considering how to vote her shares in Hewlett-Packard on the proposal to merge with Compaq. The (A) case presents information about the strategic and financial motivations ... Read More
The Merger of Hewlett-Packard and Compaq (B): Deal Design
Bruner, Robert F. Buchanan, Anna
F-1451 | Published September 03, 2004 | 13 pages Case
Collection: Darden School of Business
In 2002, a money manager is considering how to vote her shares in Hewlett-Packard on the proposal to merge with Compaq. The (A) case presents information about the strategic and financial motivations ... Read More
The Merger of Hewlett-Packard and Compaq (C): Epilogue
Bruner, Robert F. Buchanan, Anna
F-1452 | Published September 03, 2004 | 13 pages Case
Collection: Darden School of Business
In 2002, a money manager is considering how to vote her shares in Hewlett-Packard on the proposal to merge with Compaq. The (A) case presents information about the strategic and financial motivations ... Read More
The Boeing 7E7
Bruner, Robert F. Tompkins, James
F-1449 | Published July 29, 2004 | 23 pages Case
Collection: Darden School of Business
In 2003, The Boeing Company announced plans to build a new "super-efficient" commercial jet called the "7E7" or "Dreamliner." This was a "bet the farm" gamble by Boeing, similar in magnitude to its ea... Read More
DuPont's Patent Donations
Bruner, Robert F. Frank, Mary Margaret Simko, Paul J. Martin, David Goldstein, Marc
C-2224 | Published July 02, 2004 | 22 pages Case
Collection: Darden School of Business
In December 1998, an intellectual property executive at DuPont pondered a new program for the 196-year-old company. The executive was reviewing a proposal to donate DuPont patents to universities arou... Read More
The Merger of Union Bank of Switzerland and Swiss Bank Corporation (A): The Proposed Merger
Bruner, Robert F. Chan, Jessica
F-1421 | Published November 11, 2003 | 39 pages Case
Collection: Darden School of Business
In December 1997, the CEOs of Union Bank of Switzerland and Swiss Bank Corporation are evaluating the proposed terms of the merger of their two firms. This transaction promised to change the competiti... Read More
The Merger of Union Bank of Switzerland and Swiss Bank Corporation (B): Post-Merger Experience
Bruner, Robert F. Chan, Jessica
F-1422 | Published November 11, 2003 | 20 pages Case
Collection: Darden School of Business
With their announcement on December 8, 1997, of their proposed merger, the CEOs of Union Bank of Switzerland and Swiss Bank Corporation must prepare a plan of integration of the two firms. This case p... Read More
The Merger of Union Bank of Switzerland and Swiss Bank Corporation (C): Post-Merger Experience
Bruner, Robert F. Chan, Jessica
F-1423 | Published November 11, 2003 | 15 pages Case
Collection: Darden School of Business
This case summarizes the implementation of the plan for integrating the two merging firms, Union Bank of Switzerland and Swiss Bank Corporation. Also, the case surveys the financial performance and sh... Read More
Brazilian Beer Merger Negotiations: Companhia Cervejaria Brahma, S.A.
Bruner, Robert F. Chan, Jessica
F-1418 | Published October 16, 2003 | 30 pages Case
Collection: Darden School of Business
In May 1999, the CEO of this company (the largest brewer in Brazil) is contemplating a bid for Antarctica, the second-largest brewer in Brazil. The primary motives are to exploit economies of scale an... Read More
Hugh McColl And NationsBank: Building A National Footprint Through M&A
F-1420 | Published October 16, 2003 | 69 pages Case
Collection: Darden School of Business
This appendix supports student preparation of the associated multimedia case study of the same name (UVA-F-1398M). See the abstract and teaching note for that case to obtain a summary of the teaching ... Read More
UBS Global Asset Management: Capturing Alpha Through Global Equity Investing
F-1414 | Published August 12, 2003 | 25 pages Case
Collection: Darden School of Business
In October 2002, the senior investment officers of UBS AG's Global Asset Management (GAM) division, the largest asset management firm in the world, must decide whether to issue a new quantitative inve... Read More
Hugh McColl and NationsBank: Building a National Footprint Through M&A
F-1436 | Published February 02, 2003 | 25 pages Technical Note
Collection: Darden School of Business
This appendix supplements the multimedia case, "Hugh McColl and NationsBank: Building a National Footprint through M&A" (UVA-F-1398M). The instructor can use this appendix as a supplement for the conv... Read More
Value Line Publishing, October 2002
Schill, Michael J. Bruner, Robert F.
F-1403 | Published November 21, 2002 | 13 pages Case
Collection: Darden School of Business
This case follows the performance review and financial-statement-forecasting decisions of a Value Line analyst for the retail building-supply industry in October 2002. The case contrasts the strong op... Read More
Global Research Program At Allianz Dresdner Capital Management
F-1388 | Published June 05, 2002 | 21 pages Case
Collection: Darden School of Business
In early 2002, the co-chief investment officer of Allianz Dresdner Capital Management (ADCM), the fourth-largest asset management firm in the world, reflects on the structure of the firm's "global res... Read More
The M&A "Pitch Book": Proposed Acquisition of Heller Financial by United Technologies Corporation
Bruner, Robert F. Bridges, Allison Chan, Jessica Palacios, Miguel Whitney, Karen
F-1338 | Published March 07, 2002 | 56 pages Technical Note
Collection: Darden School of Business
This technical note offers an example of a thoroughly complete "pitch book" for use as a basis of class discussion and learning. Actual pitch books are almost never made available for public use. This... Read More
Corning, Inc.: Zero-Coupon Convertible Debentures Due November 8, 2015 (B)
Bruner, Robert F. Chan, Jessica
F-1367 | Published December 14, 2001 | 4 pages Case
Collection: Darden School of Business
In this B case, designed to follow F-1339, the money manager sees that Corning has lowered its forecast for the second time that year. As she reviews the updated valuation she did on the convertible b... Read More
Structuring and Valuing Incentive Payments in M&A: Earnouts and Other Contingent Payments to the Seller
Bruner, Robert F. Stiegler, Scott
F-1322 | Published December 12, 2001 | 21 pages Technical Note
Collection: Darden School of Business
This technical note introduces students to the use of earnouts and other forms of incentive payments in the context of mergers and acquisitions. The note describes the use of incentive payments in M&A... Read More
Euroland Foods S.A.
Bruner, Robert F. Opitz, Casey S.
F-1356 | Published November 27, 2001 | 12 pages Case
Collection: Darden School of Business
In January 2001, the senior management committee of this company has to decide which major projects should be funded for implementation by the company starting in 2001. The board of directors arbitrar... Read More
Deutsche Brauerei
F-1355 | Published November 02, 2001 | 12 pages Case
Collection: Darden School of Business
A new director of this small German beer brewery must prepare to vote on three issues coming before the board of directors the next day: (1) approval of the financial plan for 2001, (2) declaration of... Read More
Diamond Chemicals PLC (A): The Merseyside Project
Bruner, Robert F. McTigue, Frank H.
F-1351 | Published October 10, 2001 | 7 pages Case
Collection: Darden School of Business
These two cases consider the capital investment decisions to be made by executives of this large chemicals firm in January 2001. This A case presents a go/no-go project evaluation regarding improvemen... Read More
Nike, Inc.: Cost of Capital
Bruner, Robert F. Chan, Jessica Forio Simulation
F-1353 | Published October 10, 2001 | 8 pages Case
Collection: Darden School of Business
On July 5, 2001, Kimi Ford, a portfolio manager at NorthPoint Group, a mutual-fund management firm, pored over analyst write-ups of Nike, Inc., the athletic-shoe manufacturer. Nike's share price had d... Read More
The Body Shop International PLC 2001: An Introduction to Financial Modeling
Bruner, Robert F. Conroy, Robert M. Shank, Susan Vaccaro, John
F-1349 | Published October 08, 2001 | 17 pages Case
Collection: Darden School of Business
In this case the student is cast into the role of adviser to Anita Roddick, the managing director of The Body Shop. The student must prepare a three-year forecast of the firm’s income statement and ba... Read More
Fonderia di Torino S.p.A.
F-1350 | Published October 08, 2001 | 4 pages Case
Collection: Darden School of Business
The managing director of this specialty foundry must decide whether to approve a major investment to automate part of her plant's production process. The case presents information sufficient to build ... Read More
Corning, Inc.: Zero-Coupon Convertible Debentures Due November 8, 2015 (A)
Bruner, Robert F. Chan, Jessica
F-1339 | Published September 21, 2001 | 17 pages Case
Collection: Darden School of Business
In November 2000, a money manager needs to make a decision regarding an offering of convertible bonds by Corning. The analysis requires her to compare the insights available from standard descriptive ... Read More
Coke versus Pepsi, 2001
Bruner, Robert F. Chan, Jessica
F-1340 | Published September 21, 2001 | 16 pages Case
Collection: Darden School of Business
Set in December 2000, immediately following the merger announcement between PepsiCo Inc. and the Quaker Oats Company, this case asks students to examine the implications of the merger for the rivalry ... Read More
Threshold Sports, LLC
Bruner, Robert F. Eades, Kenneth M. Kelly, Dorothy C.
F-1347 | Published September 21, 2001 | 27 pages Case
Collection: Darden School of Business
In June 2001, the owners of this small rapidly growing sports promotion firm are assessing the financing implications of their growth plans. Threshold Sports organizes professional cycling races, and ... Read More
Structuring Repsol's Acquisition of YPF (B)
Bruner, Robert F. Pasquarelli, Fernanda Ciano, Pablo
F-1348 | Published September 21, 2001 | 10 pages Case
Collection: Darden School of Business
Alfonso Cortina, chair of Repsol-YPF S.A., accepted the award from the Financial Times for the best merger in the energy sector in 1999. The acquisition, which closed on June 28, 1999, boosted the fir... Read More
Practices of Active Private Equity Firms in Latin America
Bruner, Robert F. Chaplinsky, Susan
F-1336 | Published July 17, 2001 | 16 pages Technical Note
Collection: Darden School of Business
The purpose of this note is to offer a general profile of private equity investment firms and practices in Latin America as of early 2001. The findings are developed from field interviews conducted by... Read More
Note to the Student: How to Study and Discuss Cases
G-0561 | Published June 21, 2001 | 6 pages Technical Note
Collection: Darden School of Business
This technical note, written for students, gives a first "how to do it" introduction to studying by the case method. The note argues that success follows from a combination of good attitude, good "inf... Read More
Palamon Capital Partners/TeamSystem S.p.A
Bruner, Robert F. Rynbrandt, Chad Forio Simulation
F-1331 | Published May 21, 2001 | 20 pages Case
Collection: Darden School of Business
In February 2000, a managing partner of a UK-based private equity fund, Palamon Capital Partners, faced the decision of whether to invest in an Italian software company, TeamSystem, S.p.A. The rationa... Read More
TSE International Corporation
F-1366 | Published May 15, 2001 | 16 pages Case
Collection: Darden School of Business
Set in May 2000, these cases reflect the separate perspectives of the CEOs as they approach the negotiations of TSE International to acquire Yeats Valves. The task for the student is to complete a val... Read More
Henderson Global Investors
Bruner, Robert F. Hall, Dennis Mitchell, Roger Ruff, Craig
F-1330 | Published May 10, 2001 | 20 pages Case
Collection: Darden School of Business
In March 2001, the chief investment officer of this U.K.-based asset management company is reflecting on the firm's dramatic transformation in the 1990s and on how it must continue to adapt in the fut... Read More
Yeats Valves and Controls Inc.
Bruner, Robert F. Forio Simulation
F-1365 | Published March 22, 2001 | 16 pages Case
Collection: Darden School of Business
Set in May 2000, these cases reflect the separate perspectives of the CEOs as they approach the negotiations of TSE International to acquire Yeats Valves. The task for the student is to complete a val... Read More
Eastboro Machine Tools Corporation
Bruner, Robert F. Opitz, Casey S.
F-1360 | Published March 22, 2001 | 16 pages Case
Collection: Darden School of Business
In mid-September 2001, Jennifer Campbell, the chief financial officer of this large CAD/CAM (computer-aided design and manufacturing) equipment manufacturer must decide whether to pay out dividends to... Read More
Star River Electronics Ltd.
Bruner, Robert F. Conroy, Robert M. Eades, Kenneth M.
F-1361 | Published March 22, 2001 | 9 pages Case
Collection: Darden School of Business
In July 2015, a new CEO joins this small manufacturer of CD-ROMs and DVDs to discover that the firm is in the midst of a financial crisis, induced by rapid growth. The CEO asks an analyst for help wit... Read More
General Mills' Acquisition of Pillsbury from Diageo PLC
Bruner, Robert F. Hall, Dennis
F-1326 | Published February 27, 2001 | 13 pages Case
Collection: Darden School of Business
In December 2000, the shareholders of General Mills were presented with a merger prospectus and proxy statement that outlined the terms by which General Mills would acquire Pillsbury from Diageo plc. ... Read More
Diamond Chemicals PLC (B): Merseyside and Rotterdam Projects
Bruner, Robert F. McTigue, Frank H.
F-1352 | Published February 14, 2001 | 6 pages Case
Collection: Darden School of Business
These two cases consider the capital investment decisions to be made by executives of this large chemicals firm in January 2001. The A case presents a go/no-go project evaluation regarding improvement... Read More
Hostile Takeovers: A Primer for the Decision Maker
F-1362 | Published January 31, 2001 | 18 pages Technical Note
Collection: Darden School of Business
This note introduces the student to the dynamics of the hostile takeover setting and characterizes the decision problem as a "game." In this context, it is necessary to understand other players and th... Read More
Kota Fibres, Ltd.
Bruner, Robert F. Pham, Thien T.
F-1359 | Published January 31, 2001 | 16 pages Case
Collection: Darden School of Business
In January 2001, the chief executive of this small yarn-production company in India must resolve a surprising cash shortage. The task for the student is to evaluate the causes of this shortage (using ... Read More
National Railroad Passenger Corporation ("Amtrak"): Acela Financing
Bruner, Robert F. Chan, Jessica
F-1363 | Published January 28, 2001 | 11 pages Case
Collection: Darden School of Business
In the late 1990s, the National Railroad Passenger Corporation (Amtrak) faced a rude awakening as Congress stipulated that it eliminate its reliance on federal subsidies by 2002. In response, Amtrak d... Read More
Exercises in the Strategy of Post-Merger Integration
Bruner, Robert F. Rynbrandt, Chad
F-1303 | Published October 27, 2000 | 7 pages Case
Collection: Darden School of Business
This case recounts the announced terms of five prominent acquisitions of the late 1990s, and asks the student to suggest a preliminary strategy for integrating the target firm into the buyer. The five... Read More
ServerVault: "Reliable, Secure, and Wicked Fast"
Bruner, Robert F. Rynbrandt, Chad
F-1304 | Published October 27, 2000 | 11 pages Case
Collection: Darden School of Business
In July 2000, two founders of this new web-hosting company are contemplating raising $5 million to $15 million in a second-round financing from venture capitalists. The task for the student is to fore... Read More
Enron Corporation's Weather Derivatives (A)
Bodily, Samuel E. Bruner, Robert F.
F-1299 | Published September 01, 2000 | 12 pages Case
Collection: Darden School of Business
New options on weather from Enron are described, in particular floors, swaps, and caps on heating degree days. An electric utility is considering whether to purchase a weather derivative to offset the... Read More
Enron Corporation's Weather Derivatives (B)
Bruner, Robert F. Bodily, Samuel E.
F-1300 | Published September 01, 2000 | 4 pages Case
Collection: Darden School of Business
New options on weather from Enron are described, in particular floors, swaps, and caps on heating degree days. An electric utility is considering whether to purchase a weather derivative to offset the... Read More
Searching For Acquisitions: Some Guiding Principles
F-1295 | Published May 26, 2000 | 12 pages Case
Collection: Darden School of Business
Useful as a background reading to prepare students for case studies about searching for acquisitions, this technical note offers eight guidelines drawn from theories about the economics of information... Read More
Introduction to the Teaching Portfolio
G-0556 | Published May 25, 2000 | 5 pages Technical Note
Collection: Darden School of Business
This note is an introduction to the concept, aims, and preparation of a teaching portfolio, which is an evidence-based document about one's teaching philosophy and effectiveness. A teaching portfolio ... Read More
Structuring Repsol's Acquisition of YPF S.A. (A)
Bruner, Robert F. Ciano, Pablo Pasquarelli, Fernanda
F-1282 | Published February 02, 2000 | 30 pages Case
Collection: Darden School of Business
In April 1999, the CEO of Repsol S.A., the large Spanish oil company, seeks to design the terms of an unsolicited tender offer to the shareholders of Argentina’s largest oil company, YPF. The value to... Read More
Kestrel Ventures, LLC: August 1999
F-1277 | Published January 11, 2000 | 44 pages Case
Collection: Darden School of Business
In late 1999, three young entrepreneurs are evaluating which, if any, of four companies to buy. They have been searching for a small business to acquire, using the "search fund" concept to raise capit... Read More
Printicomm's Proposed Acquisition of Digitech: Negotiating Price and Form of Payment
Bruner, Robert F. Stiegler, Scott
F-1264 | Published September 30, 1999 | 13 pages Case
Collection: Darden School of Business
This case was developed to serve as a foundation for student discussion of the use of contingent forms of payment in M&A. The protagonist in the case represents the buyer, and must design terms of con... Read More
Genzyme/Geltex Pharmaceuticals Joint Venture
Bruner, Robert F. Bodily, Samuel E. Jacquet, Pierre
F-1254 | Published April 20, 1999 | 12 pages Case
Collection: Darden School of Business
In March 1997, an executive vice president of Genzyme Corporation must develop the terms by which the $518 billion (revenue) firm will form a joint venture with a small biotechnology firm to make and ... Read More
Three Active Acquirers
Bruner, Robert F. Kannry, Brian
F-1255 | Published April 15, 1999 | 17 pages Case
Collection: Darden School of Business
A money manager is assessing the long-term historical performance of three active acquirers: Symantec, Republic, and U.S. Office Products. The task for the student is to determine why rapid growth by ... Read More
Takeover! 1997 (E): Omnigroup Corporation / Omnibank N.A.
Bruner, Robert F. Rimland, Edward M. McNicholas, John P.
F-1250 | Published February 24, 1999 | 50 pages Case
Collection: Darden School of Business
This case extends the Takeover! 1997 simulation exercise (UVA-F-1170 through 1173) to include a role for a bank. As with the other roles in the exercise, students form teams to play their assigned rol... Read More
Takeover! 1997 (F): J. P. Hudson / Hudson Guaranty Bank
Bruner, Robert F. Rimland, Edward M. McNicholas, John P.
F-1251 | Published February 24, 1999 | 49 pages Case
Collection: Darden School of Business
This case extends the Takeover! 1997 simulation exercise (UVA-F-1170 through 1173) to include a role for a bank. As with the other roles in the exercise, students form teams to play their assigned rol... Read More
Chrysler Corporation: Negotiations between Daimler and Chrysler
Bruner, Robert F. Spekman, Robert E. Christmann, Petra Kannry, Brian Davies, Melinda
F-1240 | Published October 01, 1998 | 45 pages Case
Collection: Darden School of Business
This case may be taught singly or used as a merger-negotiation exercise with "Daimler-Benz A. G.: Negotiations between Daimler and Chrysler" (UVA-F-1241). Set in February 1998, the case places student... Read More
Daimler-Benz A.G.: Negotiations Between Daimler and Chrysler
Bruner, Robert F. Spekman, Robert E. Christmann, Petra Kannry, Brian Davies, Melinda
F-1241 | Published October 01, 1998 | 45 pages Case
Collection: Darden School of Business
This case may be taught singly or used as a merger-negotiation exercise with "Chrysler Corporation: Negotiations between Daimler and Chrysler" (UVA-F-1240). Set in February 1998, the case places stude... Read More
The Hilton-ITT Wars
Bruner, Robert F. Vakharia, Sanjay
F-1217 | Published April 21, 1998 | 27 pages Case
Collection: Darden School of Business
In January 1997, Hilton Hotel Corporation made an unsolicited (i.e., hostile) bid for all shares of ITT Corporation. This case recounts the first seven months of jockeying between Hilton and ITT and g... Read More
VALUE_MERGE.XLS: When and How to Use the Model
F-1213 | Published April 02, 1998 | 22 pages Technical Note
Collection: Darden School of Business
This note describes the structure and potential applications of a "canned" spreadsheet model that values and projects pro-forma results for two merging firms. The model can be used as a course resourc... Read More
Rosario Acero S.A.
Bruner, Robert F. Opitz, Casey S. Weaver, Renee
F-1211 | Published February 24, 1998 | 23 pages Case
Collection: Darden School of Business
In March 1997, the board chair of this small steel mill is pondering how to finance the growth of his firm: either with an initial public offering of equity or a private placement of 8-year senior not... Read More
Paginas Amarelas
Bruner, Robert F. Wanderley, Mario
F-1210 | Published February 10, 1998 | 26 pages Case
Collection: Darden School of Business
This case serves as a foundation for student discussion of the estimation of required rates of return (ROR) on investments in emerging markets. An associate in J.P. Morgan's Latin America M&A departme... Read More
Northboro Machine Tools Corporation
Bruner, Robert F. Opitz, Casey S.
F-1208 | Published December 17, 1997 | 16 pages Case
Collection: Darden School of Business
In mid-1992, Christine Olsen, the chief financial officer (CFO) of this large CAD/CAM equipment manufacturer, must decide on the magnitude of the firm's dividend payout. A subsidiary question is wheth... Read More
Mirth Press, Inc.
F-1196 | Published August 07, 1997 | 21 pages Case
Collection: Darden School of Business
In November 1994, a private equity fund is considering acquiring a controlling interest in the common stock of a small, rapidly growing publisher of humorous literature (both print and audio). In the ... Read More
Planet Copias & Imagem
Bruner, Robert F. Carstater, Kent
F-1182 | Published April 22, 1997 | 24 pages Case
Collection: Darden School of Business
Devising a financial strategy for a small, rapidly growing European document reproduction service firm is the focus of this case. By 1996, the entrepreneurs have proved the viability of their store co... Read More
Continental Cablevision, Inc./Fintelco Joint Venture
Bruner, Robert F. Paddack, Katarina
F-1149 | Published April 16, 1997 | 31 pages Case
Collection: Darden School of Business
In February 1994, the senior management team at Continental Cablevision received the final joint-venture agreement from Fintelco, a potential partner in Argentina. The tasks for the student are to rev... Read More
Polaroid Corporation, 1996
Bruner, Robert F. Chaplinsky, Susan
F-1181 | Published April 04, 1997 | 20 pages Case
Collection: Darden School of Business
This case puts the student in the shoes of the recently appointed treasurer of Polaroid Corporation, who must consider several matters concerning the firm's debt policy. An immediate concern is the co... Read More
Takeover! 1997 (B): The Raider: Continental Finance Corporation
Bruner, Robert F. Rimland, Edward M. McNicholas, John P.
F-1171 | Published March 03, 1997 | 49 pages Case
Collection: Darden School of Business
The B case, part of a series of cases that simulate a hostile-takeover attempt involving four companies in January 1997 (see also the A [F-1170], C [F-1172], and D [F-1173] cases), focuses on the raid... Read More
Takeover! 1997 (D): The White Knight: United Brands Corporation
Bruner, Robert F. Rimland, Edward M. McNicholas, John P.
F-1173 | Published March 03, 1997 | 48 pages Case
Collection: Darden School of Business
The D case, part of a series of cases that simulate a hostile-takeover attempt involving four companies in January 1997 (see also the A [F-1170], B [F-1171], and C [F-1172] cases), focuses on the whit... Read More
Takeover! 1997 (A): The Target Company: Global Foods Corporation
Bruner, Robert F. Rimland, Edward M. McNicholas, John P.
F-1170 | Published March 03, 1997 | 49 pages Case
Collection: Darden School of Business
The A case is the first in a series of cases that simulate a hostile-takeover attempt involving four companies in January 1997 (see also the B [UVA-F-1171], C [UVA-F-1172], and D [UVA-F-1173] cases). ... Read More
Takeover! 1997 (C): The Lbo Firm: Lanza And Company
Bruner, Robert F. Rimland, Edward M. McNicholas, John P.
F-1172 | Published March 03, 1997 | 48 pages Case
Collection: Darden School of Business
The C case, part of a series of cases that simulate a hostile-takeover attempt involving four companies in January 1997 (see also the A [UVA-F-1170], B [UVA-F-1171], and D [UVA-F-1173] cases), focuses... Read More
Teletech Corporation, 1996
F-1152 | Published January 10, 1997 | 15 pages Case
Collection: Darden School of Business
In January 1996, the chief financial officer must fashion a response to a raider who claims that a major business segment of the company should be sold because it is not earning a satisfactory rate of... Read More
Phon-Tech Corporation, 1996
F-1161 | Published November 12, 1996 | 14 pages Case
Collection: Darden School of Business
In January 1996, Phon-Tech's chief financial officer (CFO) must fashion a recommendation regarding the use of segment hurdle rates within the company, which was recently the target of an active invest... Read More
Carbon Materials and Technologies: AlliedSignal (B)
Bruner, Robert F. Larson, Andrea Paddack, Katarina
G-0505 | Published October 18, 1996 | 26 pages Case
Collection: Darden School of Business
This case is a follow-up to "Tar Products: AlliedSignal (A)," G-0504. At the date of the B case, 13 months have passed since Charles L. Griffith joined Carbon Materials and Technologies. The business ... Read More
Tar Products: AlliedSignal (A)
Bruner, Robert F. Larson, Andrea Paddack, Katarina
G-0504 | Published October 18, 1996 | 17 pages Case
Collection: Darden School of Business
This case discusses the impact of corporate leadership on the financial-turnaround efforts of a division of a large corporation. At the date of the case, Charles L. Griffith, new general manager and v... Read More
Warren E. Buffett, 1995
F-1160 | Published October 11, 1996 | 17 pages Case
Collection: Darden School of Business
Set in August 1995, this case enables students to assess Berkshire Hathaway's bid for the 49.6% of GEICO Corporation that it does not already own. Students perform a simple valuation of GEICO shares, ... Read More
Westmoreland Energy, Inc.: Power Project At Zhangze, China
Bruner, Robert F. Menefee, Reed Meiman, Andrew
F-1155 | Published August 26, 1996 | 26 pages Case
Collection: Darden School of Business
Set in 1994, this case concerns a subsidiary of Westmoreland Coal that is considering whether to proceed alone as the international partner and developer of a coal-fired electric power plant in Zhangz... Read More
McCaw Cellular Communications: The AT&T/McCaw Merger Negotiation
Bruner, Robert F. Innes, Michael J. Passer, William J.
F-1143 | Published August 22, 1996 | 36 pages Case
Collection: Darden School of Business
Set in September 1992, this exercise provides teams of students the opportunity to negotiate terms of a merger between McCaw Cellular and AT&T. McCaw was the largest competitor in the rapidly growing ... Read More
American Telephone & Telegraph (AT&T): The AT&T/McCaw Merger Negotiation
Bruner, Robert F. Innes, Michael J. Passer, William J.
F-1142 | Published August 22, 1996 | 38 pages Case
Collection: Darden School of Business
Set in September 1992, this exercise provides teams of students the opportunity to negotiate terms of a merger between AT&T and McCaw Cellular. AT&T, one of the largest U.S. corporations, was the domi... Read More
Boston Chicken Inc.: 4 1/2% Convertible Subordinated Debentures Due To 2004
F-1153 | Published August 15, 1996 | 17 pages Case
Collection: Darden School of Business
Set in January 1994, this case concerns a discussion between a money manager and her assistant about approaches for analyzing an offering of convertible bonds by Boston Chicken. The analysis compares ... Read More
Donaldson, Lufkin & Jenrette, 1995 (B)
Bruner, Robert F. Fordyce, Douglas
F-1146 | Published July 09, 1996 | 18 pages Case
Collection: Darden School of Business
The B case (see also the A case, F-1145) describes the plan of the Equitable Companies to sell a 20 percent interest in Donaldson, Lufkin & Jenrette (DLJ) via an equity carve-out in an initial public ... Read More
Donaldson, Lufkin & Jenrette, 1995 (Abridged)
Bruner, Robert F. Fordyce, Douglas
F-1147 | Published July 09, 1996 | 31 pages Case
Collection: Darden School of Business
This case explains the plan of the Equitable Companies to sell a 20 percent interest in Donaldson, Lufkin & Jenrette (DLJ) via an equity carve-out in an initial public offering (IPO), and presents stu... Read More
Rocky Mountain Advanced Genome, Inc.
F-1136 | Published April 03, 1996 | 20 pages Case
Collection: Darden School of Business
In January 1996, an investment manager of a hedge fund is considering purchasing an equity interest in a start-up biotechnology firm, Rocky Mountain Advanced Genome (RMAG). The asking price is $46 mil... Read More
The Package War: FedEx vs. UPS
Bruner, Robert F. Spekman, Robert E. Crowder, Lane
G-0485 | Published February 15, 1996 | 33 pages Case
Collection: Darden School of Business
This case allows students to observe two competing businesses transform themselves over time. By following the competitive actions and reactions over more than 10 years, students gain an appreciation ... Read More
The Financial Detective, 1996
Bruner, Robert F. Bonney, Mark S.
F-1162 | Published January 02, 1996 | 5 pages Case
Collection: Darden School of Business
This case provides a foundation for student discussion of financial ratios and the insights that may be gained through their use. The case presents textual descriptions of pairs of companies in eight ... Read More
Fidelity Magellan Fund, 1995
F-1126 | Published October 30, 1995 | 16 pages Case
Collection: Darden School of Business
This case reviews the financial performance of the Fidelity Magellan Fund up to mid-1995. In essence, the Magellan Fund has managed to "beat the market" over time under three different fund managers d... Read More
Battle for Value: Federal Express Corporation vs. United Parcel Service of America, Inc. (Abridged)
Bruner, Robert F. Bulkley, Derick
F-1124 | Published October 06, 1995 | 24 pages Case
Collection: Darden School of Business
This case is an abridged version of UVA-F-1115. This version is intended for use with audiences requiring less source documentation than is available in the unabridged version. The teaching note, howe... Read More
Eastern Airlines Bankruptcy (D): The Unsecured Creditors' Committee
Bruner, Robert F. Del Guidice, Michael Elson, Louis
F-1093 | Published August 28, 1995 | 39 pages Case
Collection: Darden School of Business
The D case represents the creditors. The A, B, and C cases represent the other players. Read More
Eastern Airlines Bankruptcy (B): The Unions
Bruner, Robert F. Del Guidice, Michael Elson, Louis
F-1091 | Published August 28, 1995 | 39 pages Case
Collection: Darden School of Business
The B case represents the unions. The A, C, and D cases represent the other players. Read More
Eastern Airlines Bankruptcy (C): The Ritchie Group
Bruner, Robert F. Del Guidice, Michael Elson, Louis
F-1092 | Published August 28, 1995 | 33 pages Case
Collection: Darden School of Business
The C case represents the Ritchie Group, a potential new investor; the A, B, and D cases represent the other players. Read More
Eastern Airlines Bankruptcy (A): Texas Air Corporation
Bruner, Robert F. Del Guidice, Michael Elson, Louis
F-1090 | Published August 24, 1995 | 39 pages Case
Collection: Darden School of Business
This series of cases provides teams of students the opportunity to obtain control of Eastern Airlines through reorganizing the firm in bankruptcy. Eastern, an unprofitable company for nearly two decad... Read More
Battle For Value: Federal Express Corporation Vs. United Parcel Service Of America, Inc.
Bruner, Robert F. Bulkley, Derick
F-1115 | Published August 09, 1995 | 33 pages Case
Collection: Darden School of Business
Set in July 1995, this case invites students to assess the financial performance of Federal Express and United Parcel Service, two close competitors in the U.S. overnight express package-delivery indu... Read More
Calaveras Vineyards
F-1094 | Published April 11, 1995 | 23 pages Case
Collection: Darden School of Business
In 1994, a senior lender at a West Coast financial institution must evaluate an opportunity to provide credit for a management buyout of a vineyard. The tasks for the student are to value the vineyard... Read More
AB Volvo/Régie Nationale Des Usines Renault S.A.
F-1088 | Published March 02, 1995 | 28 pages Case
Collection: Darden School of Business
In 1993, the chairmen of Volvo and Renault announced the terms under which their two firms would merge. The case describes the unusual structure of the strategic alliance that predated the merger prop... Read More
Volvo/Renault: The Contest for Shareholder Approval
F-1089 | Published March 02, 1995 | 13 pages Case
Collection: Darden School of Business
This case describes the series of events surrounding shareholder opposition to the proposed merger between Volvo and Renault. The proposed merger had been preceded by a strategic alliance; the industr... Read More
Project Financing: An Economic Overview
Bruner, Robert F. Langohr, Herwig Campbell, Anne
F-1035 | Published February 08, 1995 | 11 pages Technical Note
Collection: Darden School of Business
This note intended as an aid in the evaluation of project-financing proposals. It defines project financing, describes its strengths and weaknesses relative to internal financing, explores how project... Read More
Astral Records Ltd., North America: Some Financial Concerns
Bruner, Robert F. Eades, Kenneth M. Conroy, Robert M.
F-1065 | Published August 22, 1994 | 9 pages Case
Collection: Darden School of Business
A new CEO from outside the firm takes over following the sudden death of the former CEO. Included in the new CEO's inbox are pressing decisions concerning (1) the firm's financing needs, (2) capital e... Read More
Structuring Corporate Financial Policy: Diagnosis of Problems and Evaluation of Strategies
Bruner, Robert F. Updike, Katherine L.
F-1054 | Published April 05, 1993 | 15 pages Technical Note
Collection: Darden School of Business
This technical note presents an overview of the process by which an analyst could proceed to assess the financial policy of a firm. The note defines several dimensions of financial policy, offers thre... Read More
British Aerospace Plc (B)
F-1048 | Published April 02, 1993 | 4 pages Case
Collection: Darden School of Business
This case presents the epilogue to a rights-offering decision (see the A case, UVA-F-1047), in which investors react violently to the adverse news and the announced rights offering. The chairman loses... Read More
Euro Disneyland S.C.A.: The Project Financing
Bruner, Robert F. Langdon, John Campbell, Anne
F-1034 | Published March 22, 1993 | 23 pages Case
Collection: Darden School of Business
In 1989, the Walt Disney Company financed its major European theme park and real estate development using a variety of financing tools and techniques that, when bundled together, amounted to a project... Read More
Syracuse Electric, Inc.
F-1041 | Published March 22, 1993 | 31 pages Case
Collection: Darden School of Business
This case can be used as a vehicle for exploring capital-structure management and for analyzing the maturity structures of a firm's capital. The case presents four competing proposals to this large el... Read More
British Aerospace Plc (A)
F-1047 | Published March 22, 1993 | 9 pages Case
Collection: Darden School of Business
In the summer of 1991, the chairman of this diversified company is contemplating whether to proceed to raise (in British pounds) GBP32 million in new equity following the surprising news that the firm... Read More
Bayern Brauerei
F-1027 | Published February 19, 1993 | 13 pages Case
Collection: Darden School of Business
A new director of this small brewery must prepare to vote on three issues coming before the board of directors the next day: (1) approval of the financial plan for 1993, (2) quarterly dividend declara... Read More
Pan-Europa Foods S.A.
Bruner, Robert F. Opitz, Casey S.
F-1028 | Published February 19, 1993 Case
Collection: Darden School of Business
In January 1993, the senior management committee of this company has to decide which major projects the company should fund for immediate implementation. The board of directors arbitrarily set a limit... Read More
Oracle Systems Corporation
Bruner, Robert F. Micaelian, Fadi
F-1031 | Published February 18, 1993 | 14 pages Case
Collection: Darden School of Business
This introductory case considers the very sudden and large drop in market value of Oracle Systems' equity associated with two announcements in 1990. These announcements cause investors to revise their... Read More
Glaxo Italia, S.p.A.: The Zinnat Marketing Decision
F-1014 | Published February 18, 1993 | 21 pages Case
Collection: Darden School of Business
In September 1990, the financial controller of this Italian subsidiary of a large pharmaceutical company must analyze the implications of two different strategies for introducing a new product into th... Read More
Vesuvio Fonderia S.P.A.
F-1026 | Published February 17, 1993 | 3 pages Case
Collection: Darden School of Business
The managing director of this specialty foundry must decide whether to approve a major investment to automate part of her plant's production process. The case presents information sufficient to build ... Read More
Grand Metropolitan PLC
Bruner, Robert F. Demigne, Philippe Donek, Jean-Christophe George, Bertrand Levy, Michael
F-1019 | Published December 14, 1992 | 23 pages Case
Collection: Darden School of Business
In April 1992, this multinational consumer foods and beverages company is the focus of takeover rumors, which have prompted an assessment of the firm's returns. The student must choose among the princ... Read More
Bank of Tokyo
Bruner, Robert F. Schill, Michael J.
F-1018 | Published December 14, 1992 | 20 pages Case
Collection: Darden School of Business
In October 1990, the president of this bank (the 9th largest in Japan and 15th largest in the world) must design a financing plan with which to bring the bank into compliance with the new worldwide Ba... Read More
MediMedia International, Ltd.
F-1032 | Published March 24, 1992 | 22 pages Case
Collection: Darden School of Business
In February 1991, the managers of this multinational specialty publishing company proposed to take the company private in a leveraged buyout (LBO). In addition to the ordinarily interesting features o... Read More
Caledonian Newspapers Ltd. (A)
F-1012 | Published March 23, 1992 | 14 pages Case
Collection: Darden School of Business
In June 1989, a banker must decide whether and how his bank should participate in the LBO of this small Scottish newspaper publisher. This is the first of a two-case series and may be taught by itself... Read More
Caledonian Newspapers Ltd. (B)
F-1013 | Published March 11, 1992 | 18 pages Case
Collection: Darden School of Business
In December 1990, a banker reassesses a borrower that, at the time of its leveraged buyout eighteen months earlier, seemed to have such a promising future. Now the borrower is in severe financial dist... Read More
Caledonian Newspapers Ltd. (Abridged)
F-1011 | Published March 11, 1992 | 23 pages Case
Collection: Darden School of Business
In December 1990, a banker reassesses a borrower that, at the time of its leveraged buyout 18 months earlier, seemed to have such a promising future. Now the borrower is in severe financial distress. ... Read More
The Boeing 777
Bruner, Robert F. Gollish, Dena Clausen, Henrik Koggersbol, Niels Christey, Peter
F-1017 | Published February 18, 1992 | 28 pages Case
Collection: Darden School of Business
The general objective of this case is to exercise students' skills in estimating a weighted-average cost of capital and cost of equity. The specific need to estimate a segment WACC draws on students' ... Read More
Empirical Chemicals, Ltd. (A): The Merseyside Project
F-1020 | Published February 10, 1992 | 7 pages Case
Collection: Darden School of Business
Cases Empirical Chemicals (A) and (B) consider the capital-investment decisions to be made by executives of this large chemicals firm in January 1992. The A case presents a go/no-go project evaluation... Read More
Empirical Chemicals, Ltd. (B): Merseyside and Rotterdam Projects
F-1021 | Published February 10, 1992 | 6 pages Case
Collection: Darden School of Business
The B case extends the analysis in the A case (UVA-F-1020) to the next level, where the executive must choose between two mutually exclusive plant-renovation projects. Net present value (NPV) and inte... Read More
Rhone-Poulenc Rorer, Inc.
F-1015 | Published February 03, 1992 | 19 pages Case
Collection: Darden School of Business
This case considers the unusual terms under which Rhone-Poulenc, the large French chemicals producer, acquired the U.S.-based Rorer Group, Inc., in August 1990. Set a year later, in August 1991, the c... Read More
Home Depot, Inc.
F-0960 | Published August 16, 1991 | 21 pages Case
Collection: Darden School of Business
This aggressive retailer is adding store space at the rate of 25% per year. The case presents an external financing requirement amounting to $1.4 billion over the next five years. Students must decide... Read More
Groupe Lessard Ltd.: Fur-Industry Merger Exercise
F-0963 | Published August 16, 1991 | 27 pages Case
Collection: Darden School of Business
The set of four cases composing the Fur Industry Merger Exercise affords the opportunity for a merger negotiation among students. Three potential buyers (Adams [UVA-F-0964], Jindo [UVA-F-0962], and Le... Read More
Gallery of Furs, Inc.: Fur-Industry Merger Exercise
F-0965 | Published August 16, 1991 | 25 pages Case
Collection: Darden School of Business
The set of four cases composing the Fur Industry Merger Exercise affords the opportunity for a merger negotiation among students. Three potential buyers (Adams [UVA-F-0964], Jindo [UVA-F-0962], and Le... Read More
Jindo Corporation: Fur-Industry Merger Exercise
F-0962 | Published August 16, 1991 | 29 pages Case
Collection: Darden School of Business
The set of four cases composing the Fur Industry Merger Exercise affords the opportunity for a merger negotiation among students. Three potential buyers (Adams [UVA-F-0964], Jindo, and Lessard [UVA-F-... Read More
Adams, Inc.: Fur-Industry Merger Exercise
F-0964 | Published August 16, 1991 | 27 pages Case
Collection: Darden School of Business
The set of four cases composing the Fur Industry Merger Exercise affords the opportunity for a merger negotiation among students. Three potential buyers (Adams, Jindo [UVA-F-0962], and Lessard [UVA-F-... Read More
Primus Automation Division
Bruner, Robert F. Hengelbrok, Robert
F-0950 | Published March 29, 1991 | 14 pages Case
Collection: Darden School of Business
The financial analyst for this manufacturer of factory-automation equipment must recommend equipment lease terms to be proposed to a customer. Students must discount the lease payments and compare the... Read More
United Telecommunications, Inc.
F-0953 | Published March 29, 1991 | 35 pages Case
Collection: Darden School of Business
In late 1990, this company faced a large external financing requirement and needed to reassess its traditional approaches to financing. The tasks for the student are to recommend financing tactics to ... Read More
Tactical Execution of Corporate Financial Policy
F-0940 | Published March 29, 1991 | 4 pages Technical Note
Collection: Darden School of Business
This note introduces the student to the FRICTO framework for evaluating alternative financial tactics. Elements of the framework are flexibility, risk, income, control, timing, and other. A simple ins... Read More
Critical Look at the Self-Sustainable Rate of Growth Concept and Formulas
F-0951 | Published March 29, 1991 Technical Note
Collection: Darden School of Business
This note discusses the origins and applications of the self-sustainable growth concept. It presents two examples of application of the concept and reviews six limitations of the concept. Read More
Three Restructurings with Trusts and Partnerships
F-0747 | Published March 28, 1991 | 27 pages Case
Collection: Darden School of Business
This case involves the assessment of three reorganizations involving the formation of master limited partnerships: (1) Mesa Petroleum, (2) Pillsbury's spinoff of Burger King Real Estate, and (3) the f... Read More
Note on Valuation Analysis For Mergers And Acquisitions
F-0557 | Published March 28, 1991 | 9 pages Technical Note
Collection: Darden School of Business
This note surveys the classic firm-valuation methods and provides a comparison of the strengths and weaknesses of the various approaches. It is meant to be used as a convenient technical reference and... Read More
Note on The Sustainable Dividend Growth Rate
F-0581 | Published March 28, 1991 | 4 pages Technical Note
Collection: Darden School of Business
This technical note summarizes a theory describing the relationships among dividend policy, leverage, investment, and operating earnings. The note was prepared for use in conjunction with "Duke Power ... Read More
Boeing/Mcdonnell Douglas, 1981
F-0613 | Published March 28, 1991 | 15 pages Case
Collection: Darden School of Business
This case presents detailed information on the financial performance and competitive positions of these two rivals. The objective of the case is to stimulate a discussion of the relationship between c... Read More
Blue Cross And Blue Shield Of Virginia: Cost Of Capital
Bruner, Robert F. LaMar, James N.
F-0800 | Published March 28, 1991 | 19 pages Case
Collection: Darden School of Business
The vice president of finance is reviewing the company's historical discount rate to determine whether it is accurate. The case allows a traditional discussion of weighted-average cost of capital and ... Read More
Enercon Corporation
Bruner, Robert F. Opitz, Casey S.
F-0801 | Published March 28, 1991 | 16 pages Case
Collection: Darden School of Business
The chief financial officer must decide whether to invest in one or two gas drilling projects and whether to lay one or two pipelines to two companies for negotiation purposes. A student Lotus workshe... Read More
Iskall Arno, Inc. (Abridged)
F-0814 | Published March 28, 1991 | 37 pages Case
Collection: Darden School of Business
This case condenses "Iskall Arno (A) and (B)" (F-0780 and F-0781) for teaching in one class period. The senior managers of this company are reviewing 12 capital-expenditure proposals and because of a ... Read More
Rhone-Poulenc S.A.
F-1016 | Published February 08, 1991 | 33 pages Case
Collection: Darden School of Business
This case presents an omnibus corporate financing problem: The student must evaluate the feasibility of growth and financial goals, value the company, and plan a financing program. The case would be a... Read More
Empirical Chemicals Ltd. Evaluation of Financial Forecast
F-1029 | Published February 08, 1991 | 8 pages Case
Collection: Darden School of Business
A manager must decide which cash flows are relevant in the financial analysis of a plant-renovation proposal. Prominent issues include: overhead allocation, sunk costs, cannibalization of a related bu... Read More
Sengupta Fibres, Ltd.
Bruner, Robert F. Pham, Thien T.
F-0935 | Published March 29, 1990 | 18 pages Case
Collection: Darden School of Business
In January 1990, the chief executive of this small yarn-production company must resolve a surprising cash shortage. The tasks for the student are to evaluate the causes of this shortage (using a compl... Read More
Casewriting
Frey, Sherwood C. Jr. Sihler, William W. Bruner, Robert F. Rotch, William Vandell, Robert Opitz, Casey S. Newton, Derek A.
G-0364 | Published April 01, 1989 | 14 pages Technical Note
Collection: Darden School of Business
This note contains suggestions on casewriting under the following headings: Objectives of the Case Method; Case Development; An Overview; Preparing To Write A Case; Sources of Case Information; The C... Read More
Flowers Industries, Inc. (Abridged)
Bruner, Robert F. Summers, Stephanie
F-0812 | Published March 28, 1989 | 20 pages Case
Collection: Darden School of Business
The CFO of a diversified baking company must decide whether to issue convertible debt rather than straight debt or equity. In evaluating the proposed terms of the convertibles offering, the student mu... Read More
Marriott: Frankfurt And Dusseldorf
Bruner, Robert F. Humphries, Camille E.
F-0928 | Published March 28, 1989 | 20 pages Case
Collection: Darden School of Business
A project developer for Marriott must determine the economic attractiveness of acquiring two hotels in Germany. Strong strategic issues argue in favor of making the acquisitions. Students are given a ... Read More
An Introduction to Debt Policy and Value
F-0811 | Published March 28, 1989 | 5 pages Exercise
Collection: Darden School of Business
This exercise consists of a set of incomplete worksheets with which students must calculate (1) the effect of hypothetical changes in capital structure on firm value, and (2) the effect of a major rec... Read More
Pricing of Options: Introduction And Applications
F-0761 | Published September 12, 1988 | 29 pages Case
Collection: Darden School of Business
This technical note introduces students to terminology, essential concepts, and issues involved in practical application of the Black-Scholes option-pricing model. Concepts include put-call parity, pa... Read More
The Investment Detective
F-0813 | Published March 28, 1988 | 2 pages Case
Collection: Darden School of Business
Students must evaluate eight projects' cash flows and rank the projects in terms of their economic attractiveness. Students can use all possible criteria [net present value (NPV), internal rate of ret... Read More
Hybritech Incorporated (A)
Bruner, Robert F. Opitz, Casey S.
F-0792 | Published March 28, 1988 | 18 pages Case
Collection: Darden School of Business
This negotiation case is meant to be used in conjunction with "Eli Lilly and Company" (F-0794); half the class works from one case and half from the other. Lilly is considering acquiring Hybritech, bu... Read More
Emerson Electric Company
Bruner, Robert F. Opitz, Casey S.
F-0771 | Published March 28, 1988 | 13 pages Case
Collection: Darden School of Business
In the mid-1980s, Emerson Electric looked at possible two-year debt issues in three countries: the United States, Switzerland, and New Zealand. The $65 million to be raised is earmarked for general co... Read More
Tonka Corporation
Bruner, Robert F. Opitz, Casey S.
F-0774 | Published March 28, 1988 | 20 pages Case
Collection: Darden School of Business
Acting as management, students determine the effects of different degrees of leverage and review this company's current leverage in light of inherent industry risks and company goals. Read More
Coleco Industries, Inc.
Bruner, Robert F. Opitz, Casey S.
F-0775 | Published March 28, 1988 | 16 pages Case
Collection: Darden School of Business
Acting as chief financial officer (CFO), students try to determine how Coleco can fend off creditors. Coleco is in default on its loans and is in a negative equity position. Read More
Alfin Fragrances, Inc.
Bruner, Robert F. Opitz, Casey S.
F-0776 | Published March 28, 1988 | 17 pages Case
Collection: Darden School of Business
Students act as outside analysts attempting to determine how Alfin will finance its expected growth based on sales of antiwrinkle cream. Read More
General Motors Corporation, 1988 (A)
Bruner, Robert F. Opitz, Casey S.
F-0789 | Published March 28, 1988 | 19 pages Case
Collection: Darden School of Business
In the spring of 1988, GM is being criticized for poor financial performance. The student must evaluate corporate performance and identify the underperforming divisions. The case provides an opportuni... Read More
The Financial Detective
Bruner, Robert F. Opitz, Casey S.
F-0805 | Published March 28, 1988 | 5 pages Case
Collection: Darden School of Business
This case presents common-sized financials for two companies, each of which is in a number of industries. The companies have different market niches, and students are asked to identify the companies f... Read More
Hybritech Incorporated (B)
Bruner, Robert F. Opitz, Casey S.
F-0793 | Published March 28, 1988 | 16 pages Case
Collection: Darden School of Business
This case is meant to follow the negotiation cases: "Hybritech, Incorporated (A)" (UVA-F-0792) and "Eli Lilly and Company" (UVA-F-0794). The case deals with the financial structure of the acquisition ... Read More
Eli Lilly and Company
Bruner, Robert F. Opitz, Casey S.
F-0794 | Published March 28, 1988 | 17 pages Case
Collection: Darden School of Business
This negotiation case is meant to be used in conjunction with "Hybritech, Incorporated (A)" (UVA-F-0792); half the class works from one case and half from the other. Lilly is considering acquiring Hyb... Read More
Corporate Restructuring and the Master Limited Partnership
F-0723 | Published September 01, 1986 | 9 pages Technical Note
Collection: Darden School of Business
This note defines and discusses the concept of the Master Limited Partnership (MLP). Special attention is given to the economic analysis of MLPs: tax-related inducements, nontax benefits, attributes o... Read More
Choosing Among Different Valuation Approaches
F-0720 | Published March 28, 1986 | 3 pages Case
Collection: Darden School of Business
This note discusses the relative strengths and weaknesses of three primary methods of valuing a firm: (1) accounting approaches (e.g., book value); (2) multiples of earnings (e.g., p/e); and (3) disc... Read More
Chrysler's Warrants: September 1983
F-0682 | Published March 28, 1986 | 15 pages Case
Collection: Darden School of Business
This case is a vehicle for discussing the theory and practice of option pricing. The three opportunities for option-pricing analysis are (1) valuation of the warrants proposed as an equity kicker to t... Read More
Morgan Stanley Group, Inc.: Initial Public Offering
F-0719 | Published March 28, 1986 | 18 pages Case
Collection: Darden School of Business
This case involves the analysis of the price at which Morgan Stanley proposes initially to offer its shares. The required analysis includes various valuation techniques, as well as the qualitative as... Read More
The L. S. Starrett Company
Bruner, Robert F. Hennessy, Peter R.
F-0673 | Published March 28, 1985 | 14 pages Case
Collection: Darden School of Business
Should Wachovia Bank and Trust lend the ESOP of Starrett the money to purchase shares? The required tasks involve a standard credit analysis and the valuation of Starrett's shares. Read More
Walt Disney Productions, June 1984
F-0676 | Published March 28, 1985 | 19 pages Case
Collection: Darden School of Business
This case is set in the midst of the attempted takeover of Walt Disney Productions by the raider Saul Steinberg in June 1984. Disney's chief executive officer ponders whether to fight the takeover or ... Read More
Merit Marine Corporation
Bruner, Robert F. Hennessy, Peter R.
F-0678 | Published March 28, 1985 | 17 pages Case
Collection: Darden School of Business
With the aid of the bank's capital market division, the lending officer in this case is faced with restructuring a customer's balance sheet to extend the maturity and fix a larger portion of the firm'... Read More
Leveraged Employee Stock Ownership Plans
Bruner, Robert F. Hennessy, Peter R.
F-0674 | Published March 28, 1985 | 3 pages Technical Note
Collection: Darden School of Business
This note provides background information on ESOPs, their history, uses, advantages, and accounting procedures. Read More
Brown-Forman Distillers Corporation
F-0541 | Published March 28, 1983 | 16 pages Case
Collection: Darden School of Business
Brown-Forman Distillers Corporation (BFD) president faces important acquisition decision as Southern Comfort Corporation approaches him to buy their company. BFD's president must evaluate the feasibil... Read More
Purinex, Inc.
Bruner, Robert F. Forio Simulation
F-1491 | Published | 11 pages Case
Collection: Darden School of Business
In June 2004 Purinex, Inc., a pharmaceutical company with several clinically and commercially promising drugs in development, expected to secure a partnership with a major pharmaceutical company somet... Read More
Euro Takeover! 2005 (D) The White Knight: Alimentos Globales S.A.
Bruner, Robert F. Rimland, Edward M. McNicholas, John P. Forio Simulation
F-1500 | Published | 47 pages Case
Collection: Darden School of Business
This exercise simulates a hostile takeover attempt. The target is an underperforming conglomerate with two principal business segments: consumer foods and specialty chemicals. The raider company has a... Read More
Euro Takeover! 2005 (E) OmniBank/OmniGroup PLC
Bruner, Robert F. Rimland, Edward M. McNicholas, John P. Forio Simulation
F-1501 | Published | 48 pages Case
Collection: Darden School of Business
This exercise simulates a hostile takeover attempt. The target is an underperforming conglomerate with two principal business segments: consumer foods and specialty chemicals. The raider company has a... Read More
Euro Takeover! 2005 (F) EurolandBank A.G.
Bruner, Robert F. Rimland, Edward M. McNicholas, John P. Forio Simulation
F-1502 | Published | 49 pages Case
Collection: Darden School of Business
This exercise simulates a hostile takeover attempt. The target is an underperforming conglomerate with two principal business segments: consumer foods and specialty chemicals. The raider company has a... Read More