I should make it clear that Digital Ice won't always produce these miracle results. (Historic slide collections are routinely maintained in cold storage with careful humidity control.) Occasionally I come across a customer's slides that have shown hardly any signs of deterioration, but they would represent no more than five per cent of all the customers' slides that I have seen. Maybe I should have kept them in the freezer. Some of the older ones were even succumbing to what may be mould in the emulsion. But I was horrified when I scanned them to find the majority of slides with one-colour areas especially blue skies, were spattered with dark dusty spots that I couldn't brush off. All my slides were in proper slide-boxes in dry conditions. It may be that you have no dust, blemishes or mould (yes - mould) on your slides because you have kept them carefully. Digital ICE is a system of taking an infra-red picture of all dust and blemishes and removing them automatically from the image (not from the slide itself).
MIDLAND MI CONVERT SLIDES TO DIGITAL PROFESSIONAL
On the other, it is important to keep the talks above board at a certain point, he added.The equipment that I use is a professional standard Nikon Coolscan with Digital ICE. On one hand, companies should want to encourage executives to pick up the phone and talk about increasing shareholder value, he said. That in turn makes their calls to executives more frequent.īain Capital Managing Director Paul Edgerley, a private equity investor who serves on the board of several companies, said that M&A calls present a tricky issue. buyout targets drying up, pressure on them to find deals has been mounting.
These firms are mandated to spend their cash on companies and, with U.S. Private equity firms are flush with cash and bought more companies last year than ever. While the issue of handling a buyout offer is an old one, it has been heightened by the current private equity wave. Kinder Morgan agreed to a management-led buyout offer worth $13.4 billion last year. KMI.N waited more than two months before they told board members they were considering a leveraged buyout, according to a regulatory filing. In one case, top managers at Kinder Morgan Inc. It is not uncommon for fairly serious buyout discussions to go on all the time among executives, even when the board is unaware of them. M&A lawyers at a Tulane Corporate Law Institute panel last month.
The issue of when to entertain a buyout offer, when to share that with the board, and when to hang up the telephone was major subject at a two-hour debate among top U.S. Midland, Michigan-based Dow recently has been the subject of leveraged buyout rumors and its stock has jumped at least twice in the last two months on acquisition speculation. In an interview with Reuters, Kreinberg said he had been with the company for 30 years and was “extremely surprised” by the allegations. Kreinberg denied the allegations, while Reinhard was not immediately available for comment.
chemical company, said earlier on Thursday it fired Romeo Kreinberg, head of Dow’s performance plastics operations, and Pedro Reinhard, a senior adviser and member of the board, accusing them of engaging in unauthorized talks with outside parties about selling the company. “If a merger proposal or a buyout proposal is going to be seriously pursued, that’s really something to be discussed by the whole board,” Wovsaniker said.ĭow Chemical, the largest U.S. “Directors and others get those kinds of approaches all the time, but it’s not for any director to make a decision alone,” said Alan Wovsaniker, a partner at law firm Lowenstein Sandler, who specializes in mergers and acquisitions.īut the wave of private equity money is huge and growing and may be tempting enough to persuade even a mid-level manager with equity at stake to dial up a friend in the buyout business. Legal and governance experts say it is not wrong for outside directors and other corporate officers to have an initial discussion with potential buyers to gauge their seriousness, but executives must be careful not to take the talks too far.
Share it too late and it could be seen as going behind the board’s back. Share a proposal too soon and the idea could be dismissed hastily. Private equity buyers and their investment bankers are chasing corporate officers more than ever with ideas and pitches for putting companies in play, raising concerns about when and how an executive informs his board. DOW.N on Thursday underline how perilous life has become for corporate officers who even appear to talk to deal makers in an era of huge corporate buyouts. NEW YORK (Reuters) - Executive firings at Dow Chemical Co.
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