Consulting Alert: Arthur D. Little Sells 'Strong Majority' Of Firm To Investor Group.Business Editors ATLANTA--(BUSINESS WIRE)--Oct. 31, 2001 Needs cash infusion after IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. cancelled & merger attempts fail Arthur D. Little Arthur D. Little, Inc. is the world's first management consulting firm. Founded in 1886 by Arthur Dehon Little, an MIT chemist who discovered acetate, and co-worker Roger Griffin, in Cambridge, Massachusetts, Arthur D. Little pioneered the concept of contracted technology research. ran up about $55 million of debt to prepare a consulting group for a public stock offering. That IPO fell through and the firm is beset be·set tr.v. be·set, be·set·ting, be·sets 1. To attack from all sides. 2. To trouble persistently; harass. See Synonyms at attack. 3. with cash flow problems, Consulting Alert says in its latest edition (http://www.straffordpub.com/products/can/index.html). Arthur D. Little tried to pull off a merger with PA Consulting and Monitor Group but struck out both times. The firm needs a cash infusion and an investor group led by Safeguard International Fund and Whitney & Co. says it's buying a "significant majority stake." The cash infusion could save the Arthur D. Little firm but comes with a price - venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. calling some shots rather than the firm's directors, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Consulting Alert (http://www.straffordpub.com/products/can/index.html). While the deal seems quite friendly, the firm's leaders will now need to respond to fund managers demanding influential voice in every decision from compensation and bonuses to acquisitions, Consulting Alert (http://www/straffordpub.com/products/can/index/html) reports. To read more coverage of the Arthur D. Little deal, go to (http://www.straffordpub.com/headlines/consulting.html). Consulting Alert, a twice-monthly newsletter, is the leading independent briefing on news and competitive intelligence for the management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects profession. It is published by Atlanta-based Strafford Publications, Inc.(http://www.straffordpub.com). Consulting Alert (http://www.straffordpub.com/products/can/index.html) is available for a limited time at the discount rate of $247 - a $50 savings off the regular price of $297. Orders should be directed to: Strafford Publications, Inc., 590 Dutch Valley Road, NE, Postal Drawer A person who orders a bank to withdraw money from an account to pay a designated person a specific sum according to the term of a bill, a check, or a draft. An individual who writes and signs a Commercial Paper, thereby becoming obligated under its terms. 13729, Atlanta, GA 30324-0729; Phone: 800-926-7926; Fax: 404-881-0074; E-mail: custserv@straffordpub.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion