As the global economy has expanded, so too have the number of mergers and acquisitions (M&A) in the U.S. and abroad. High value mergers in the tech, media, healthcare and energy sectors, alone, have created even larger companies with higher market cap values.
While each merger is unique, there are common elements and dimensions for every transaction. From due diligence, regulatory procedures and compliance to disclosures, marketing and investor relations, the modern merger is indeed a complex matter requiring extraordinary focus, resources and time to succeed.
In preparing for these transactions, a company typically relies on attorneys and financial advisors for legal and accounting services. The Advisory Counsel, Inc. provides an additional level of advisory services to help companies effectuate a smooth and successful transaction.
We have been engaged in a number of mega-mergers on either the regulatory or advisory side of the transaction. This experience has given us extraordinary insight into the process and procedures that are required of complex corporate transactions -- insight that is typically not provided by the legal or financial advisors.
Over the last several years, mergers in the telecom, media and technology space have been the subject of increasing scrutiny from activists, regulators and policymakers. The timeline for regulatory approval of these transactions has lengthened, leading to market uncertainty and speculation.
As sage advisors to investors and interested stakeholders, we have brought uncanny insights into the merger review process, drawing upon decades of high-level experience in the Legislative Branch and Regulatory agencies, along with high-level legal and policy expertise honed through private sector assignments.
As corporate mergers and acquisitions became more challenging and complicated, The Advisory Counsel continues to monitor and report on what matters most to investors, companies and key stakeholders in this sector.
AT & T - Media One -- Involved as a senior official in the FCC regulatory review of this $44 billion merger in 2000.
AOL - Time Warner -- Involved as a senior official in the FCC regulatory review of this $350 billion merger 2000.
Comcast - Time Warner Cable --Served as senior legal advisor to FCC Commissioner in the review of the proposed $45.2 billion merger, ultimately withdrawn in 2014.
Gray - Hoak -- Served as senior legal advisor to FCC Commissioner in the review of this $335 million broadcast merger in 2013.
Sinclair - Allbritton -- Served as senior legal advisor to FCC Commissioner in the review of this $1 billion broadcast merger in 2013.
Charter - Time Warner Cable - Bright House -- Served as senior legal advisor to FCC Commissioner in the review of this $56.7 billion cable merger in 2014.
AT & T - DirecTV -- Served as senior legal advisor to FCC Commissioner in the review of this $67.1 billion telecom merger in 2014.
Nexstar - Media General -- Provided research and regulatory intelligence for this $4.6 billion broadcast merger in 2016.
AT& T - Time Warner -- Provided research and regulatory intelligence for this $108.7 billion media merger in 2016.
Adonis Hoffman, CEO of The Advisory Counsel weighs in on the pending Sprint - T Mobile merger