Past research has shed light on a variety of factors that influence the stock market reaction to a particular
joint venture announcement.
Both firms have agreed to negotiate the terms of a
joint venture agreement and other ancillary agreements as may be required to effectuate the intent of the parties.
With the use of proceeds from the refinancing, non-core asset sales and cash generated from operating profits, the Innkeepers
joint venture made distributions this month of approximately USD 118m to its partners, with Chatham receiving approximately USD 12m.
The collection of data for this report combined a mail survey with follow-up by telephone of cooperatives that reported involvement in
joint ventures. The 185 co-ops reported having 108 wholly-owned subsidiaries and 209
joint ventures.
So far, the two
joint ventures employed some 250 and processed around 250,000 metric tonnes of apples into concentrate per year.
First, LightPath has agreed to produce Viper presses which will be sold to the
joint venture. LightPath anticipates that production of the presses will require an additional investment by LightPath of approximately four and one- half million dollars.
In December, 2006, Ambit announced a
joint venture with TV18, a leading Indian business media group and CBoP, a leading private sector bank.
Sharing profits and losses exposes alliances to a finding that the alliance is a
joint venture. Sharing profits and losses is also a factor in determining (1) whether an agency relationship exists, (2) whether entities are partners by estoppel and (3) to the extent sharing profits and losses might also be considered intermingling of funds, whether an alter ego relationship exists.
Dean Oestreich, DuPont vice president, general manager and president of Pioneer pointed out that the
joint venture and the licensing agreements bring together the strength of two industry leaders to deliver new technologies to the market more quickly.
The European Commission has cleared plans to set up a
joint venture between Japanese electronics companies Sony and NEC for the development, design and marketing of optical data-storage disk drives.
Hayes also announced that it has increased its ownership stake in its Turkish aluminum wheel
joint venture, Jantas Aluminyum Jant Sanayive Ticaret A.S.