CHAPTER 1 INTRODUCTORY CASE HISTORY

• Jurisdiction: United States

Mergers and Acquisitions of Natural Resources Companies
(Nov 1994)
CHAPTER 1
INTRODUCTORY CASE HISTORY
Richard E. Pierce, Jr.
Tracy A. Stevenson
Kennecott Corporation
Salt Lake City, Utah
F. Robert Reeder
Parsons Behle & Latimer
Salt Lake City, Utah

The presentation will provide an anecdotal, inside view of Kennecott's reentry into the coal business through the acquisition, by merger, of NERCO, Inc. in 1993.

The speakers will begin by setting the business context of the transaction. There will be a brief recounting of the events leading up to the parties' agreement to initiate negotiations. This will include a discussion of the strategic and economic underpinnings of Kennecott's decision to reenter the U.S. coal...