Sunday, October 4, 2009

Massachusetts-based First Amendment rights lawyer Marc Randazza is defending a controversial parody website which satirizes American political commentator Glenn Beck. The website was created in September by a man from Florida named Isaac Eiland-Hall, and it asserts Beck uses questionable tactics “to spread lies and misinformation”.

The website created by Eiland-Hall is located at the domain name “www.GlennBeckRapedAndMurderedAYoungGirlIn1990.com”. Its premise is derived from a joke statement made by Gilbert Gottfried about fellow comedian Bob Saget. The joke was first applied to Beck on the Internet discussion community Fark. It then became popular on Internet social media sites including Reddit and Digg, and was the subject of a Google bomb, a technique where individuals link phrases in order to artificially change Google search results.

Eiland-Hall saw the discussion on Fark, and created a website about it. The website asserts it does not believe the rumors to be true, and states: “But we think Glenn Beck definitely uses tactics like this to spread lies and misinformation.” In an interview with Ars Technica, he said the website was “using Beck’s tactics against him”. The website was created on September 1, and by September 3 attorneys for Beck’s company Mercury Radio Arts took action. Beck’s lawyers sent letters to the domain name registrar where they referred to the domain name itself as “defamatory”, but they failed to get the site removed.

Even an imbecile would look at this Web site and know that it’s a parody.

Beck filed a formal complaint with the Switzerland-based agency of the United Nations, the World Intellectual Property Organization. Beck alleged that the website’s usage is libelous, bad faith, and could befuddle potential consumers. Beck’s complaint was filed under the process called the Uniform Domain Name Dispute Resolution Policy. The policy allows trademark owners to begin an administrative action by complaining that a certain domain registration is in “bad faith”. A lawyer for Beck declined to provide a comment to the Boston Herald, however a source told the newspaper that Beck’s complaint with the site is primarily a “trademark issue”.

Randazza established an attorney-client relationship with Eiland-Hall after his client received threatening letters from attorneys representing Beck. He then sent an email to Beck’s attorneys, and pointed out inconsistencies between their client’s recent actions and his prior public statements in support of the First Amendment. Randazza wrote a reply to the World Intellectual Property Organization, and contends that the website is “protected political speech”, because it is “satirical political humor”. Randazza stated that “Even an imbecile would look at this Web site and know that it’s a parody.” In his legal brief, Randazza compared the website to other Internet memes, such as “All your base are belong to us” and video parodies of the German film Downfall.

It’s not often that I would recommend reading a World Intellectual Property Organization legal brief for its entertainment value, but today is going to be an exception.

“We are here because Mr. Beck wants Respondent’s website shut down. He wants it shut down because Respondent’s website makes a poignant and accurate satirical critique of Mr. Beck by parodying Beck’s very rhetorical style,” wrote Randazza in the brief. The brief also commented on Beck’s style of reporting, and pointed out a controversial statement made by Beck when he interviewed a Muslim member of the United States Congress. Beck said to Representative Keith Ellison: “I like Muslims, I’ve been to mosques. … And I have to tell you, I have been nervous about this interview because what I feel like saying is, sir, prove to me that you are not working with our enemies.” According to the Citizen Media Law Project, the website’s joke premise takes advantage of “a perceived similarity between Beck’s rhetorical style and the Gottfried routine”.

Public interest attorney Paul Levy told Ars Technica that if a statement in a website’s domain name were both false and “stated with actual malice”, it is possible it could be considered defamatory. The First Post reported that Electronic Frontier Foundation attorney Corynne McSherry gave an analysis asserting that though the domain name of the website is “pretty dramatic”, it constituted “pure political criticism and there’s nothing wrong with that”. McSherry and Levy both agreed that the action of Beck to take the matter to the World Intellectual Property Organization was probably a tactic to determine the identity of the website’s owner.

Andy Carvin of National Public Radio wrote that Randazza’s legal brief was amusing, commenting: “It’s not often that I would recommend reading a World Intellectual Property Organization legal brief for its entertainment value, but today is going to be an exception.” Nate Anderson of Ars Technica commented “In any event, the WIPO battle promises to be entertaining, and there’s even a bit of serious purpose mixed in with the frivolity. Just how far can WIPO go in using its domain dispute system to address Internet spats?”. Domain Name Wire wrote that “…when someone who has created a bitingly satirical web site works with his lawyer to put pen to the paper, the end result can be quite amusing.”

Writing for Adweek, Eriq Gardner pointed out the comparison made by Randazza’s legal brief between the website’s parody nature itself and the statement made by Beck to Congressman Ellison, noting: “this case also makes a political point”. Jack Bremer wrote in The First Post that the attempts by Beck’s lawyers to argue that the website’s domain name is itself defamatory “looks like a first in cyber law”. Rick Sawyer of Bostonist characterized Randazza’s legal brief as “Hillarious!”, and called the attorney “among the North Shore’s most hilarious legal writers”.

[Glenn Beck] did the one thing guaranteed to garner the greatest amount of publicity for the site…

The FOX News-critical site FoxNewsBoycott.com likened the legal conflict between Beck and the site to the Streisand effect, a phenomenon where an individual’s attempt to censor material on the Internet in turn proves to make the material itself more public. “Glenn Beck is experiencing the Streisand Effect first hand,” wrote FoxNewsBoycott.com. John Cook of Gawker.com also compared Beck’s actions to the Streisand effect: “Now Glenn Beck’s trying to shut down their web site, ensuring that people will write about it.” Jeffrey Weiss of Politics Daily wrote that by taking legal action, Beck “did the one thing guaranteed to garner the greatest amount of publicity for the site”. Techdirt described Beck’s legal action as “not particularly smart”, and noted: “Beck would have been better off just ignoring it. Instead, in legitimizing it by trying to take it down, many more people become aware of the meme — and may start calling attention to situations where Beck (and others) make use of such tactics.” The blog Hot Air noted the issue could gain attention if it becomes a test case for the First Amendment: “If this becomes a First Amendment test case, the smear’s going to be covered far and wide…”

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Tuesday, September 12, 2006

Hurricane Florence was positioned at 35.8 N 63.9 W, at 11 p.m. EDT (UTC – 4 hr), with maximum winds blowing at 85 mph and gusts of up to 105 mph. The hurricane is moving in a north-easterly direction at 18 mph and is showing signs of weakening.

The government of Bermuda has discontinued the Tropical Storm warning it issued only after it blew away window panes, glasses and roofs. No deaths have been reported though there are reports of minor injuries. The hurricane has knocked out power supply to thousands of people.

The Bermuda Electric Light Company (BELCO) expects the restoration of supply to be complete in few days.

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Sunday, April 24, 2005

New York Stock Exchange (NYSE) announced last Wednesday that it has agreed definitively to merge with Chicago-based Archipelago Exchange (ArcaEx) and form a new publicly traded, for-profit company known as NYSE Group. This announcement was followed two days later by NASDAQ®, which independently announced a definitive agreement to purchase Instinet Group.

Archipelago and Instinet are innovative e-trading (electronic trading) companies, and formerly were the two largest American rivals to NYSE and NASDAQ, in recent years taking increasingly large portions of their market share. The Securities and Exchange Commission (SEC) and other regulatory agencies still have to review and approve the transactions, particularly with respect to US securities law and antitrust law, in order to ensure that the marketplace remains lawful and competitive.

Other pending issues for NASDAQ include obtaining the approval of Instinet shareholders, as well as customary closing conditions. NYSE must obtain the approval of its members and Archipelago shareholders.

These changes, a reaction to increased e-trading competition and a changed regulatory environment, will result in NASDAQ and NYSE trading each other’s shares and attempting to grab market share, which many hope will drive down transaction costs and ultimately benefit consumers. However, at least one commentator, Dan Ackman writing in Forbes, has noted that the trading commission at the NYSE currently averages less than a nickel (US$0.05) per share, and was less enthusiastic about potential efficiency gains from electronic trading at the exchange.

The transactions are also intended to make the two leading American stock exchanges more globally competitive with such exchanges as the London Stock Exchange, the Frankfurt Stock Exchange, the Toronto Stock Exchange, and the Australian Stock Exchange located in Sydney.

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Grocery shopping is not the most dangerous activity you could do, but sometimes because of the negligence of a business, you could end up seriously injured. You could have a slip-and-fall or something different. If it is because a business is not being careful, you can sue. You will need a personal injury attorney to help you. Some things to look for in a personal injury attorney are their reputation, professionalism, and affordability. Looking at these areas may help you to locate the best attorney for what you are looking for.The reputation of a personal injury attorney is important because it will tell you more of how they might treat you and help you in your case. If you know someone else who has had an accident in a situation like yourself and had good success with the law professional that they chose, then you might do well to ask them who they went to. Try to find a few people that you can get ideas from. If you need more options, you can look online and then look for reviews there as well.Professionalism is important when you are looking for a personal injury attorney. You will want someone who will treat you with a professional attitude and will also handle your case this way. He or she should dress nicely and carry themselves confidently. They should be good communicators to you about what you need to know, but they should also have the ability to communicate with others so that they will do a good job in the court room.If you have been in an accident, you may have some doctor bills, this being the case, you will want to make sure that you do not have to put too much money into hiring a law professional. In order to find out the rates of various firms, you will probably need to call them individually and get a quote. An important part of this is also finding out when you will be required to pay. They should not make you pay until they have won the case.After you look at these and perhaps other areas, you will have some facts to help you better make your decision. If you have been injured then the process of researching this information may be difficult for you. You may need to ask someone to help you do the research, but you will want to be involved in making the final decision. You may wonder if it is really worth it to go through all of these steps just to find a law professional. It may seem like a lot, but you are actually simplifying the process because you will have so many facts to compare, it should not make your decision very difficult. Do not let fear of anything keep you from having the law professional you deserve and the money that you deserve as well.If you are laying in bed after an accident wondering what to do, find some help and begin the process today of finding a law professional to get you through this difficult time. You will not regret it.

Sunday, April 17, 2005

The Norwegian Dawn, a 965-foot-long luxury vessel, was struck by “a freak wave that caused two windows to break in two different cabins,” the owners, Norwegian Cruise Line, said in a statement. It changed course, docking in Charleston late Saturday afternoon instead of completing its planned travel to New York.

The wave, estimated at 7-stories-high, flooded 62 cabins and injured 4 passengers with cuts and bruises. Company spokeswoman Susan Robison said the wave reached to deck 10.

The hull was damaged but the vessel was not in any trouble, according to the Coast Guard, and the safety of the ship “was in no way compromised by this incident.” Passengers were told to don their flotation jackets anyway.

The ship left New York last Sunday on a week-long round-trip cruise to and from the Bahamas.

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Nowadays, with the rapid development of economy and society, a number of people start to focus on their dressing style. As a matter of fact, there is a lot of clothes emerged in the market, especially as to the cardigans. It is believe that the cardigans are popular with a lot of people. In general, cardigans are trendy pieces of clothing that open down the front and are often knit in material. A lot of men wonder how to pull wearing off certain clothing items and still come across as breezy and cool. I believe these tips as follows are useful to them.

1. However, I guess a lot of men want to dress Wholesale Women’s Cardigan, which can make them look fashionable. Here some useful tips for them. Firstly, you need to layer it that is to say, that is to say, layering with a cashmere cardigan is a stylish way to stay warm when the temperature drops. It’s also easier to pull on and off than a pullover sweater. It is a great choice for you to layer a wool shawl cardigan over a flannel shirt is another fashionable way to add warmth. In addition, you also need to add accessories like leather gloves to further customize this look. Also, it is necessary for you to consider rolling up your Cheap Women’s Shorts sleeves to show off your shirt cuffs. Besides, you need to dress your cardigans up. You need to coordinate a shawl cardigan with dress pants in a soft shade for dressier occasions, which allows you to add personality through the other pieces and accessories you choose. Besides, it also gives you the ability to experiment with combinations of colors and patterns that fit your personal style. A cashmere cardigan over a button-down can even be a fashionable alternative to a jacket and tie.

2. Secondly, you can keep cardigans casual. Without patterns offer plenty of versatility, shawl cardigans in dark colors. It is important that you select from ones in comfortable fabrics such as cotton, cashmere or wool for an easy, on-the-go look. When you want to make a casual look appear more thought-out you can also throw on a cardigan. For my money, it is a wonderful choice for you to wear a thick and loose sweater with a slightly worn look offers just the right amount of casual chic, which can make you feel comfortable and look comfortable. Finally, I think it is a great choice to choose a flattering fit. When you pick the cardigans correctly, it can be very flattering. You choose a fine knit cardigan in merino wool or lamb’s wool if you want a smooth fit that won’t add extra bulk. If you want to avoid the appearance of extra weight, you need to stay away from heavier knits. By the way, dark colors are form flattering as well. Basic neutrals such as gray, navy or dark brown won’t add unnecessary heft to your appearance.

3. By the way, I want to share some useful tips on different ways of dressing males cardigans. On the one hand, if you are for night out, you can try a colorful or patterned cardigan beneath a sport coat for a night out at your favorite bar or club. For my part, a cardigan can add a touch of historical class to your evening loungewear. A striped cardigan paired with loafers, slacks and a sport jacket invokes a classic, preppy look reminiscent of the billiard halls and urban cafes of the mid to early 20th century. On the other hand, if you love semi-formal, you can use a cardigan for semi-formal occasions where a sports jacket would leave you overdressed but a T-shirt would not indicate sufficient effort in looking nice. I suppose it is a great choice for you to wear a clean cardigan free of wrinkles with a pair of ironed khaki pants and polished dress shoes. What is more, button the cardigan to the neck to differentiate the look from the partially buttoned style popular with women.

Monday, November 28, 2005

SpaceX called off the much-delayed inaugural launch of their new Falcon 1 rocket on Saturday from Kwajalein’s Omelek Island launch site. The intent was to launch the U.S. Air Force Academy’s FalconSat 2 satellite, which will monitor plasma interactions with the Earth’s upper atmosphere and magnetosphere.

The launch was delayed, then finally cancelled after an oxygen boil-off vent had accidentally been left open. The oxygen was unable to cool the helium pressurant, which then proceeded to evaporate faster than it could be replenished. A main computer issue, probably serious enough to cause a scrub on its own, was also discovered.

This long-anticipated flight was originally expected to be launched in January 2005, however a series of setbacks forced a series of delays, with the flight most recently scheduled to be in early 2006. It was intended to be launched from the Kwajalein atoll in the middle of the Pacific Ocean.

The maiden voyage was originally intended to launch from Vandenberg Air Force Base in California with a Naval Research Laboratory satellite and a Space Services Incorporated space burial payload.

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Wednesday, March 25, 2009

A New Jersey state senator has filed a lawsuit seeking to overturn a federal law banning sports betting in 46 states.

State Sen. Raymond Lesniak, a Democrat representing portions of Union County, filed the suit Monday, arguing the 17-year-old law is unconstitutional because it treats four states differently than the other states.

Under the law, sports betting is prohibited in all states except Delaware, Oregon, Montana and Nevada, although only the latter two currently allow wagering.

“This federal law deprives the State of New Jersey of over $100 million of yearly revenues, as well as depriving our casinos, racetracks and Internet operators of over $500 million in gross income,” Lesniak said in a statement to the press.

The 39-page lawsuit is believed to be the first challenge to the Professional and Amateur Sports Protection Act of 1992. New Jersey missed a 1994 deadline that would have allowed it to join the other states when the law was implemented.

Atlantic City officials and their political allies have argued allowing sports betting would give all the states a new source of revenue needed in the face of a staggering recession.

New Jersey Governor Jon Corzine was not involved with the lawsuit, but he said legalizing sports betting would help Atlantic City and said it was “worth pursuing”.

Legalizing sports betting in New Jersey could bring the state more than $50 million in annual tax revenue, according to officials from the Interactive Media Entertainment & Gaming Inc., a Washington, D.C.-based consultant for the electronic gaming industry, which joined Lesniak as a plaintiff in the lawsuit.

“This is about more than revenue,” said Joe Brennan Jr., chairman of Interactive Media Entertainment. “It’s about jobs and economic activity.”According to 1999 study, $380 billion in illegal sports betting occurs in the state each year.

New Jersey, in particular, is facing a difficult budget season, and the Atlantic City casinos are in what the Associated Press called a “financial meltdown”. Eleven of the city’s casinos suffered their biggest revenue decline in 30 years last month.

Delaware is reported to be considering regulating sports betting, which New Jersey backers of the lawsuit said adds a sense of urgency to the issue.

“We cannot afford to be naive about illegal sports betting,” New Jersey State Sen. Jeff Van Drew said in a statement to the press. “It’s happening right now, and is funding other criminal enterprises which are far more dangerous.”

The New Jersey Thoroughbred Horsemen’s Association, the Thoroughbred Breeders Association of New Jersey and the Standardbred Breeders & Owners Association of New Jersey were also listed as plaintiffs in the lawsuit.

Retrieved from “https://en.wikinews.org/w/index.php?title=New_Jersey_files_lawsuit_against_federal_sports_betting_ban&oldid=2883015”

Thursday, July 12, 2007

Two 16-year-old British girls were arrested in Accra, Ghana earlier this month for apparently attempting to smuggle £300,000 worth of cocaine in laptop bags.

Yasemin Vatansever, of Cypriot descent and Yatunde Diya of Nigerian descent were arrested as they attempted to board a British Airways flight from the Kotoka International Airport on July 2, 2007. The arrest was by the Ghanaian Narcotic Control Board. They were alleged to be carrying 6.5 kg of drugs. They are currently in Ghana police custody and have been visited by British High Commission staff.

The girls who are both students from Islington, north London, had left home after informing their families they were making a school trip to France. They are expected to be charged with “possessing narcotic drugs and attempting to export drugs”, for which they could be jailed for up to ten years if found guilty.

The arrest is part of the Operation Westbridge project set up in November 2006 as a collaboration between the Ghanaian Narcotic Control Board and HM Revenue and Customs of the UK. It is to curb the influx of drugs into Europe and the UK through West Africa which is now being used as a transit point from South America. The project involves the provision of technical and operational expertise to the Ghanaian teams and training in the use of specialist scanning equipment. Ghana is the first country in Africa to introduce such equipment.

Retrieved from “https://en.wikinews.org/w/index.php?title=Two_British_girls_arrested_for_smuggling_in_Ghana&oldid=2611833”

Submitted by: M&A Critique

Oil and gas companies across the world, and especially in the US, inked a series of new mergers and acquisitions (M&As) last year after one year of moribund deal activities in 2015. As crude oil prices stabilized in a range between $40 and $55 a barrel, companies in the United States and other parts of the world took the opportunity to do upstream oil and gas acquisitions at cheaper valuations. The oil-rich Permian region in Texas (USA) witnessed a spate of M&A activities as the oil and gas industry has been quick to adapt and secure primary drilling sites and buy existing production facilities.

In 2016, a record 385 deals were made in US oil and gas business for a total value of $69 billion, as compared with $32 billion in 285 deals in 2015. The Permian region alone saw deals worth $27 billion, of which deals worth $9 billion were in the Midland sub-basin and $18 billion in the Delaware sub-basin. The other regions which saw oil deals were Marcellus, where there were deals worth $6.7 billion and Oklahoma, with $5.1 billion worth of M&A deal. The largest transaction was merger of two publicly traded E&Ps Range Resources $4.4 billion purchase of Memorial Resource Development. Buyers were looking to increase positions in premium resource business and sellers sought to monetized previous investments as implied value moved up after a long lull in M&A activities.

Global M&A deals

Apart from the US, even other countries witnessed series of oil deals. M&A deals in Russia made headlines as oil assets were available for cheap there too. The $11 billion acquisition of a 19.5% stake in Rosneft by Glencore and Qatar Investments was one of the biggest oil deals in Russia. Canada M&A activity accounted for another 415.6 billion, topped by Suncors $4.5 billion acquisition of Canadian Oil Sands.

Other notable global oil M&A deals were Statoils $2.5 billion acquisition of 66% interest in Carcara discovery from Petrobras, ExxonMobils $2.5 billion offer for InterOil, Rosnefts $1.58 billion acquisition of 30% interest in Zohr field from Eni, KazMunayGas for $1.22 billion and BP divesting Norwegian subsidiary to Aker and Det Norske for $1.15 billion. In 2016, the total global midstream M&A transactions were worth $145.7 billion, the second highest in the last six years. Even downstream global oil deals remained steady. The largest transactions were the Rosneft/Trafigura-led consortiums $12.9 billion acquisition of 98% of Essar Oil, Macquarie-led consortium acquiring 61% stake in UK gas distribution business from National Grid for $10.64 billion, and Tesoros $6.4 billion purchase of Western Refining. Even in 2015 oil companies were doing mergers like Shell acquired BG for $82 billion, which propelled the global M&A to $116 billion.

Even this year looks promising, as oil prices are still lower than the 10-year average price, which makes acquiring drilling sites much cheaper. Companies are expecting that oil prices will rise in the near future as OPEC countries cut production. Rise in oil prices will help companies to reap gains from the drilling acquisitions done now.

Gas deals in the US

[youtube]http://www.youtube.com/watch?v=nrXNuLqKrcU[/youtube]

As the US is turning out to be a large exporter of gas, companies are looking to acquire gas sites and production units closer to the Gulf Coast and spur up activities in regions like Haynesville, Barnett and the gas window of the Eagle Ford. Buyers in the US are of the opinion that there will be oil and gas supply shortfall at the end of the decade and whenever assets are cheap, it is better to snap them up.

The recovery in oil prices to $45 per barrel during last year summer had triggered a surge of acquisitions. In the US, deal data by region clearly point out that the recovery last year had been driven by some regions and some in particular like the Permian Basin in western Texas. The Permian is prized for its low-breakeven cost of producing a barrel of oil, leading to a gold rush of sorts which had sent the acreage of oil prices soaring there. The recovery in the US oil deal making was also driven by sales of underdeveloped acreage as opposed to reserves that are already producing. Interestingly, drillers were able to cut capital spending in areas where production was not that economical.

There were deals done in other regions apart from Permian and Marcellus as buyers added land to their existing acreage. More such purchases are likely to happen as companies have a lot of cash in hand. Banks that had lent to the energy sector in the past are still hesitant to lend despite the recovery in oil prices.

Going forward, deal making in the US will expand beyond the white-hot Permian to other prime oil resources including the Eagle Ford and Bakken. In gas, with LNG exports from the US increasing, deals are likely to take place in the Gulf Coast.

How oil M&A deal stake up IN USA

(Total of oil and gas)

Year No of deals Value ($bn)

2014 437 84.9

2015 285 31.7

2016 385 68.6

Source: PLS Inc

Oil deals in the Gulf

Keeping the trend of oil M&A deals, Saudi Arabia had bought oil portfolios of American energy assets last year. The state-owned Saudi Aramco is the co-owner with Royal Dutch Shell of Motiva, the largest US refinery. In a deal signed in April last year, Aramco will take full control of Motivas assets in a years time. Saudi Arabia is not the only country with energy assets in the US and close energy ally, the countrys aggressive oil deals in the US is an indication that the Saudi Arabia is expanding its reach in the US for oil. In fact, the US laws allow foreign companies to invest in and purchase US oil assets such as refineries and plants.

Reason for spurt in oil deals

Deal making had hit come to a halt in 2015 after the oil bust as banks tightened lending to distressed drillers and buyers and sellers were cautious of the valuation. However, in 2016 oil prices started to gradually move upwards and companies saw potential in prices going up. In fact, 2016 was year when oil prices started rising on strong economic fundamentals, especially the rise in prices of non-agriculture commodities. So, rising crude prices and easing capital markets have pushed up M&A deals in the oil and gas industry. In 2016, oil deals took place in midstream pipeline and storage sector and downstream refining and marketing space. The real recovery in deal-making was led by upstream exploration and production sector, which is into the core activity of finding oil and gas.Deal making was also made possible in large number because the gap had narrowed between what buyers were willing to pay and how much sellers were willing to accept. Moreover, sellers needed cash to pay down debt as private equity firms that bought energy assets had reached the end of their holding periods and looked to divest them.

Future outlook

The year 2017 will also be a promising year for oil M&As. Oil prices account for much of the volatility in M&A deals. When oil prices touched $100 a barrel in 2014, oil M&A deals virtually stopped in 2014 and 2015. Now, two years after OPECs attack on oil prices began, both OPEC and non-OPEC countries agreed to cut production beginning January 1, 2017. That is expected to boost oil prices to a reasonable level. One of the most critical components to a healthy deal market is stability in oil prices. The global oil industry has deleveraged and pared debt in the last two years through a host of asset sales.If US President Donald Trump comes out with friendlier regulations, it will help increase oil and gas production in the US. So, as oil prices recover deal markets will provide a significant growth platform for those buyers who were not able to capitalize on last years opportunities.

About the Author: M&A Critique is the only magazine, News published from India which gives M&A News, Mergers and Acquisitions News, Analysis, Restructuring, Takeovers, and JV.Read More:-

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