| Strategic Merger or Acquisition Evaluation | 68 days? | Mon 01.01.07 | Wed 04.04.07 | | |
| Develop Mergers & Acquisition Strategy | 10 days? | Mon 01.01.07 | Fri 12.01.07 | | |
| Identify Current Capabilities and Positioning | 3 days? | Mon 01.01.07 | Wed 03.01.07 | | |
| Perform Competitive Analysis | 1 day? | Mon 01.01.07 | Mon 01.01.07 | | Key Executive Committee |
| Perform Market Trend Analysis | 1 day? | Tue 02.01.07 | Tue 02.01.07 | 3 | Key Executive Committee |
| Define Current Positioning and Gaps | 1 day? | Wed 03.01.07 | Wed 03.01.07 | 4 | Key Executive Committee |
| Current Position Analysis Complete | 0 days | Wed 03.01.07 | Wed 03.01.07 | 5 | |
| Define Merger/Acquisition Goals | 4 days? | Thu 04.01.07 | Tue 09.01.07 | | |
| Define Strategic Objectives For M&A | 1 day? | Thu 04.01.07 | Thu 04.01.07 | 6 | Key Executive Committee |
| Define Risk Tolerance for M&A | 3 days? | Fri 05.01.07 | Tue 09.01.07 | | |
| Define Financial Risk Tolerance | 1 day? | Fri 05.01.07 | Fri 05.01.07 | 8 | Key Executive Committee |
| Define Market Position Risk Tolerance | 1 day? | Mon 08.01.07 | Mon 08.01.07 | 10 | Key Executive Committee |
| Define Capabilities Risk Tolerance | 1 day? | Tue 09.01.07 | Tue 09.01.07 | 11 | Key Executive Committee |
| Complete Risk Tolerance Assessment | 0 days | Tue 09.01.07 | Tue 09.01.07 | 12 | Key Executive Committee |
| Define Internal Versus M&A Evaluation Criteria | 3 days? | Wed 10.01.07 | Fri 12.01.07 | | |
| Define Internal Development Capabilities Model | 1 day? | Wed 10.01.07 | Wed 10.01.07 | 13 | Key Executive Committee |
| Define Internal Versus M&A Comparison Model | 1 day? | Thu 11.01.07 | Thu 11.01.07 | 15 | Key Executive Committee |
| Define Selection Scenario and Target Performance Measures | 1 day? | Fri 12.01.07 | Fri 12.01.07 | 16 | Key Executive Committee |
| Internal Versus M&A Evaluation Criteria Complete | 0 days | Fri 12.01.07 | Fri 12.01.07 | 17 | Key Executive Committee |
| Form Merger & Acquisition Team | 5 days? | Fri 05.01.07 | Thu 11.01.07 | | |
| Identify Merger & Acquisition Team Members | 1 day? | Fri 05.01.07 | Fri 05.01.07 | 8 | Key Executive Committee |
| Document Merger & Acquisition Team Charter | 1 day? | Mon 08.01.07 | Mon 08.01.07 | 20 | Key Executive Committee |
| Set Merger & Acquisition Team Major Milestones | 1 day? | Tue 09.01.07 | Tue 09.01.07 | 21 | Key Executive Committee |
| Set Merger & Acquisition Team Process | 1 day? | Wed 10.01.07 | Wed 10.01.07 | 22 | Key Executive Committee |
| Hold Merger & Acquisition Team Kickoff Meeting | 1 day? | Thu 11.01.07 | Thu 11.01.07 | 23 | Key Executive Committee |
| Formation of Merger & Acquisition Team Complete | 0 days | Thu 11.01.07 | Thu 11.01.07 | 24 | |
| Define M&A Target Identification and Screening Criteria | 11 days? | Fri 12.01.07 | Fri 26.01.07 | | |
| Define Target Identification Criteria | 6 days? | Fri 12.01.07 | Fri 19.01.07 | | |
| Define Industry, Product, and Channel Criteria | 1 day? | Fri 12.01.07 | Fri 12.01.07 | 19,25 | Merger & Acquisition Team |
| Define Profitability, Capitalization, and Cash Flow Criteria | 1 day? | Mon 15.01.07 | Mon 15.01.07 | 28 | Merger & Acquisition Team |
| Define Intellectual Property and R&D Criteria | 1 day? | Tue 16.01.07 | Tue 16.01.07 | 29 | Merger & Acquisition Team |
| Define Management, Organization, and Governance Criteria | 1 day? | Wed 17.01.07 | Wed 17.01.07 | 30 | Merger & Acquisition Team |
| Define Risk, Legal, and Financial Exposure Criteria | 1 day? | Thu 18.01.07 | Thu 18.01.07 | 31 | Merger & Acquisition Team |
| Define and Summarize Synergy Criteria | 1 day? | Fri 19.01.07 | Fri 19.01.07 | 32 | Merger & Acquisition Team |
| Target Identification Criteria Complete | 0 days | Fri 19.01.07 | Fri 19.01.07 | 33 | |
| Define Quantitative and Qualitative Screening Criteria | 5 days? | Mon 22.01.07 | Fri 26.01.07 | | |
| Define Industry, Product, and Channel Screens | 1 day? | Mon 22.01.07 | Mon 22.01.07 | 34 | Merger & Acquisition Team |
| Define Profitability, Capitalization, and Cash Flow Screens | 1 day? | Tue 23.01.07 | Tue 23.01.07 | 36 | Merger & Acquisition Team |
| Define Intellectual Property and R&D Screens | 1 day? | Wed 24.01.07 | Wed 24.01.07 | 37 | Merger & Acquisition Team |
| Define Management, Organization, and Governance Screens | 1 day? | Thu 25.01.07 | Thu 25.01.07 | 38 | Merger & Acquisition Team |
| Define Risk, Legal, and Financial Exposure Tolerance Screens | 1 day? | Fri 26.01.07 | Fri 26.01.07 | 39 | Merger & Acquisition Team |
| Screening Criteria Complete | 0 days | Fri 26.01.07 | Fri 26.01.07 | 40 | |
| Develop List of Potential Acquisitions | 40 days? | Mon 15.01.07 | Fri 09.03.07 | | |
| Select Investment Banker | 1 day? | Mon 15.01.07 | Mon 15.01.07 | 18 | Merger & Acquisition Team |
| Develop List of Potential Acquisitions | 30 days? | Mon 29.01.07 | Fri 09.03.07 | 41,43 | Investment Banker |
| List of Potential Acquisitions Complete | 0 days | Fri 09.03.07 | Fri 09.03.07 | 44 | |
| Perform M&A Target Valuation Analysis and Due Diligence | 11 days? | Mon 12.03.07 | Mon 26.03.07 | | |
| Perform Valuation Analysis | 3 days? | Mon 12.03.07 | Wed 14.03.07 | | |
| Perform Financial Valuation Analysis | 3 days? | Mon 12.03.07 | Wed 14.03.07 | | |
| Define Financial Scenarios | 1 day? | Mon 12.03.07 | Mon 12.03.07 | 45 | Merger & Acquisition Team |
| Develop Financial Synergy Analysis | 1 day? | Tue 13.03.07 | Tue 13.03.07 | 49 | Merger & Acquisition Team |
| Define Financial Risks and Opportunities | 1 day? | Wed 14.03.07 | Wed 14.03.07 | 50 | Merger & Acquisition Team |
| Perform Market and Product Analysis | 3 days? | Mon 12.03.07 | Wed 14.03.07 | | |
| Identify Market Synergies | 1 day? | Mon 12.03.07 | Mon 12.03.07 | 45 | Merger & Acquisition Team |
| Identify Product Synergies | 1 day? | Tue 13.03.07 | Tue 13.03.07 | 53 | Merger & Acquisition Team |
| Identify Combined Portfolio Strategies | 1 day? | Wed 14.03.07 | Wed 14.03.07 | 54 | Merger & Acquisition Team |
| Perform Industry Specific Analysis | 1 day? | Mon 12.03.07 | Mon 12.03.07 | 45 | Merger & Acquisition Team |
| Perform Intellectual Property and R&D Analysis (if appropriate) | 1 day? | Mon 12.03.07 | Mon 12.03.07 | 45 | Merger & Acquisition Team |
| Perform Legal and Gov't Compliance Analysis | 3 days? | Mon 12.03.07 | Wed 14.03.07 | | |
| Define Legal Risks, Issues, and Synergies | 1 day? | Mon 12.03.07 | Mon 12.03.07 | 45 | Merger & Acquisition Team |
| Define SEC Compliance Risks, Issues, and Scenarios | 1 day? | Tue 13.03.07 | Tue 13.03.07 | 59 | Merger & Acquisition Team |
| Define Other Gov't Regulatory Risks, Issues, and Synergies | 1 day? | Wed 14.03.07 | Wed 14.03.07 | 60 | Merger & Acquisition Team |
| Perform Management and Corporate Governance Analysis | 3 days? | Mon 12.03.07 | Wed 14.03.07 | | |
| Define Management Synergies and Scenarios | 1 day? | Mon 12.03.07 | Mon 12.03.07 | 45 | Merger & Acquisition Team |
| Define Corporate Governance Synergies and Scenarios | 1 day? | Tue 13.03.07 | Tue 13.03.07 | 63 | Merger & Acquisition Team |
| Define Institutional Shareholder Synergies, Impacts, and Scenarios | 1 day? | Wed 14.03.07 | Wed 14.03.07 | 64 | Merger & Acquisition Team |
| Finalize Due Diligence Checklists | 3 days? | Mon 12.03.07 | Wed 14.03.07 | | |
| Prioritize Due Diligence Activities | 1 day? | Mon 12.03.07 | Mon 12.03.07 | 45 | Merger & Acquisition Team |
| Assign Due Diligence Activities | 1 day? | Tue 13.03.07 | Tue 13.03.07 | 67 | Merger & Acquisition Team |
| Define Due Diligence Schedule | 1 day? | Wed 14.03.07 | Wed 14.03.07 | 68 | Merger & Acquisition Team |
| Valuation Analysis Complete | 0 days | Wed 14.03.07 | Wed 14.03.07 | 51,55,56,57,61,65 | |
| Perform Due Diligence Activities | 8 days? | Thu 15.03.07 | Mon 26.03.07 | | |
| Perform Fiscal Cost/Benefit Due Diligence | 1 day? | Thu 15.03.07 | Thu 15.03.07 | 70 | Merger & Acquisition Team |
| Perform Financial Reporting Requirements Due Diligence | 1 day? | Fri 16.03.07 | Fri 16.03.07 | 72 | Merger & Acquisition Team |
| Perform Market and Product Due Diligence | 1 day? | Mon 19.03.07 | Mon 19.03.07 | 73 | Merger & Acquisition Team |
| Perform Industry-Specific Due Diligence | 1 day? | Tue 20.03.07 | Tue 20.03.07 | 74 | Merger & Acquisition Team |
| Perform Intellectual Property and R&D Due Diligence | 1 day? | Wed 21.03.07 | Wed 21.03.07 | 75 | Merger & Acquisition Team |
| Perform Legal, Risk, and Government Compliance Due Diligence | 1 day? | Thu 22.03.07 | Thu 22.03.07 | 76 | Merger & Acquisition Team |
| Perform Management and Corporate Governance Due Diligence | 1 day? | Fri 23.03.07 | Fri 23.03.07 | 77 | Merger & Acquisition Team |
| Compile Results of Due Diligence Assessment | 1 day? | Mon 26.03.07 | Mon 26.03.07 | 78 | Merger & Acquisition Team |
| Due Diligence Assessment Complete | 0 days | Mon 26.03.07 | Mon 26.03.07 | 79 | |
| Valuation and Due Diligence Complete | 0 days | Mon 26.03.07 | Mon 26.03.07 | 70,80 | |
| Perform Selection | 2 days? | Tue 27.03.07 | Wed 28.03.07 | | |
| Present Selection Results | 1 day? | Tue 27.03.07 | Tue 27.03.07 | 81 | Key Executive Committee,Merger & Acquisition Team |
| Confirm Initial Selection | 1 day? | Wed 28.03.07 | Wed 28.03.07 | 83 | Key Executive Committee |
| Initial Selection Complete | 0 days | Wed 28.03.07 | Wed 28.03.07 | 84 | |
| Perform Investment Activities | 5 days? | Thu 29.03.07 | Wed 04.04.07 | | |
| Develop Merger/Acquisition Financing Strategies | 1 day? | Thu 29.03.07 | Thu 29.03.07 | 85 | Merger & Acquisition Team |
| Develop SEC Documents | 1 day? | Fri 30.03.07 | Fri 30.03.07 | 87 | Merger & Acquisition Team |
| Secure Financing | 1 day? | Mon 02.04.07 | Mon 02.04.07 | 88 | Merger & Acquisition Team |
| Prepare and Hold Proxy Vote | 1 day? | Tue 03.04.07 | Tue 03.04.07 | 89 | Merger & Acquisition Team |
| Finalize Investment Activities | 1 day? | Wed 04.04.07 | Wed 04.04.07 | 90 | Merger & Acquisition Team |
| Complete Transaction | 0 days | Wed 04.04.07 | Wed 04.04.07 | 91 | Key Executive Committee |
| Merger & Acquisition Transaction Complete | 0 days | Wed 04.04.07 | Wed 04.04.07 | 92 | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |