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Getting strategic

Getting strategic

by Rick Turoczy on March 9, 2005

James Stynes, the head of Americas M&A; for Deutsche Bank Securities Inc., has seen them all — in one deal. His client, Adolph Coors Co., merged last month with Molson Inc. despite an opposition campaign waged by deposed executive Ian Molson. At the same time, hedge funds gobbled enough shares to block the deal from getting a two-thirds majority approval, requiring Coors’ advisers, including Stynes, to add a dividend to the deal, and then boost the dividend. Stynes recently talked to The Deal about today’s merger wave, how Sarbanes-Oxley may drive hostile takeovers, and, of course, the influence of hedge funds.

Getting strategic

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