Twinkies is going out of business !

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Yeah, that is what I mean. Once company goes south, it is over for them and there won't be just one buyer, more of multiple buyers and the break up occurs, and employees gets severance and bye.

DeafBadger said:
There are some differences, but one big commonality is that the old company is stripped of assets. That's only reason mergers happen. A company wants the assets of another company. They don't want all the old baggage, expenses, and bad decisions of the old company.

Not exactly the same as a bankrupted company's assets being sold off, but not that different, either.
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DeafBadger said:
No company is just "deleted." Their assets are bought by other companies.

Merging is a little different, in that one company agrees to buy the assets of another totally. But the effect is the same. Instead of a company's assets split up between a bunch of other companies, it's bought by one company. Then the buyer eliminates duplication, excessive expenses and so on.

Delta bought PanAm, but PanAm no longer exists. Anything that it duplicated is gone. Duplicated supply lines, gone. Duplicated jobs, gone. Duplicated expenses, gone. Even many contracts that PanAm signed, gone. PamAm no longer exists.
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that's what I'm saying - many small companies do simply cease to exist... as in nobody acquired them or merged up with them. they're just gone forever.

but most big ones can't really be gone because it's too big to be gone. PanAm has acquired several companies and now it's either gone back to original owners or acquired by different owners. in business sense - they're not really gone when merged or acquired.

Look at our telecom giants. Bell System is the father of telephone companies. since it's too big and powerful, it got broken up into AT&T, Bell South, etc..... and now bunch of companies are merging up with other companies.... which is basically almost going back to original way. take a look at this - http://cache.gawkerassets.com/assets/images/gizmodo/2008/10/history-telecommunication-companies.jpg
 
diehardbiker said:
Its just assets, not business model. Im speaking for a business model itself as whole. Selling off asset is meaningless, reason? Everybody in that company is technically terminated. I don't mean fired, just plain terminated.

Other perfect example, Enron was huge company, now who is running for that company? Really none at this moment.
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Enron? Warren Buffet now owns it and it's very profitable.

again.... too big to be gone. same shit, different owner.
 
DeafBadger said:
There are some differences, but one big commonality is that the old company is stripped of assets. That's only reason mergers happen. A company wants the assets of another company. They don't want all the old baggage, expenses, and bad decisions of the old company.

Not exactly the same as a bankrupted company's assets being sold off, but not that different, either.
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oh they do very much inherit old baggage/expenses when merging up with other company. that's why majority of mergers fail because they assume they have money and resource to fix it.

it's no different with marrying a person's problem. if that problem is too much to deal with, then the divorce will occur.

merger/acquisition is a very complex thing. so complex that it's amazing. very few big corporations are successful at merging like GE and IBM. Very few people know such companies like that are involved in many many many things from A to Z such as military defense sector to construction to oil to etc.

Failed Merger: Benz acquired Chrysler. Things went kaput in 3 years. Benz sold Chrysler to Cerberus Capital Management.
 
Jiro said:
it's now called Delta (for east coast) and United (for west coast) :)

like I said.... they get merged up, not deleted/disappeared/kaput/etc. big companies are simply too big to go otherwise our economy will take a dive.
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Merged up? Pan Am was merged up? Interesting.
 
TXgolfer said:
Are you sure that is the word you want to use? You are saying Pan Am itself was acquired?

Same question for Buffett and Enron.
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what's the right word then?
 
Jiro said:
Look at our telecom giants. Bell System is the father of telephone companies. since it's too big and powerful, it got broken up into AT&T, Bell South, etc..... and now bunch of companies are merging up with other companies.... which is basically almost going back to original way. take a look at this - http://cache.gawkerassets.com/assets/images/gizmodo/2008/10/history-telecommunication-companies.jpg
Click to expand...

Do you have a larger graphic available? That one is hard to read, too small.
 
AT&T and MA bell never bankruptcy. Know why they break up? I remember why they broke up. Money was not an issue with them.

Hint: just like Rockefeller.
Hint #2: Name one of most loved board game.

Jiro said:
Look at our telecom giants. Bell System is the father of telephone companies. since it's too big and powerful, it got broken up into AT&T, Bell South, etc..... and now bunch of companies are merging up with other companies.... which is basically almost going back to original way. take a look at this - http://cache.gawkerassets.com/assets/images/gizmodo/2008/10/history-telecommunication-companies.jpg
Click to expand...
 
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Right, PanAm was bought by Delta, do Delta continue to serve and work like PanAm? Of course not, no one would even recognize PanAm anymore. If it is merged, should have seen PanAm somewhere around Delta, why it is not there at all? The reason Delta Airliner bought PanAm is used planes. New planes are very expensive. Same with TWA, its just assets that has change its owners.

Merger usually two companies join each other and both continue their business as usual, often the name of both companies remains existence. As opposed to total liquidation, total liquidation means a company regardless of size surrender everything, no merge no nothing just sell assets at bargain basement price and depart the business.



DeafBadger said:
No company is just "deleted." Their assets are bought by other companies.

Merging is a little different, in that one company agrees to buy the assets of another totally. But the effect is the same. Instead of a company's assets split up between a bunch of other companies, it's bought by one company. Then the buyer eliminates duplication, excessive expenses and so on.

Delta bought PanAm, but PanAm no longer exists. Anything that it duplicated is gone. Duplicated supply lines, gone. Duplicated jobs, gone. Duplicated expenses, gone. Even many contracts that PanAm signed, gone. PamAm no longer exists.
Click to expand...
 
diehardbiker said:
Right, PanAm was bought by Delta, do Delta continue to serve and work like PanAm? Of course not, no one would even recognize PanAm anymore. If it is merged, should have seen PanAm somewhere around Delta, why it is not there at all? The reason Delta Airliner bought PanAm is used planes. New planes are very expensive. Same with TWA, its just assets that has change its owners.

Merger usually two companies join each other and both continue their business as usual, often the name of both companies remains existence. As opposed to total liquidation, total liquidation means a company regardless of size surrender everything, no merge no nothing just sell assets at bargain basement price and depart the business.
Click to expand...

I think you should include an example - Kmart and Sears.
 
As it looks like at this moment, Twinkies will be just a memory in history book.
Plants, and stores closing starting today and will continue until complete.
The reason why they gave executive bonus is in the news. Their reason, just exact what I knew it, to keep them stay with company until the final day. Union once again blamed them, nothing new.
 
I believe in labor rights but I don't believe that striking will solve any problem.

The federal should tighten the law on striking for private companies, however striking is illegal in most public employees. Some countries make striking illegal in both public and private employees.

In US, they believe that private companies are free to make any rules instead of make rule that set by government.
 
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