Candace Kendle and Christopher Bergen, CEO and chief operating officer of Kendle International, Inc are considering ways to finance the growth of their private company. Kendle is a contract research organization that conducts clinical testing for pharmaceutical and biotechnology companies. To compete more effectively, Kendle plans to grow through international acquisitions. Now is the time to decide whether to go ahead with a full program of two European acquisitions, the large debt financing through NationsBank and initial public offering to repay debt and to provide funds for future acquisitions. The fall in stock prices of competitors Kendle add pressure to the situation. Teaching purposes. To develop skills in the design and implementation of integrated financial and acquisition strategy "Hide
by Dwight B. Crane, Paul W. Marshall, A. Indra Reinbergs Source: Harvard Business School 25 pages. Publication Date: February 28, 2000. Prod. #: 200033-PDF-ENG
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