 | | January 18, 2010
The May Report: 1/18/2010: This just in: Kraft Cadbury deal sealed for $19B; An Efoora player is indicted for federal tax evasion
Editor and publisher: ron@themayreport.com, ronaldmay@aol.com, www.themayreport.com, 773-525-3944.
If you missed an article, go here: http://www.tmronline.com/A55951/tmrarticles.nsf/vwFullNewsletter
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TABLE OF CONTENTS
The Scoop section:
-- This just in: Kraft Cadbury deal sealed at $19-billion
-- Briefly noted, by Ron May
-- Zishan Ahmad: chicago tech / startups
-- TiE decides to limit press to general events with public servants only
-- Rezko is still not in jail
-- Marty Glotzer
-- Daliah Saper: Thanks
-- Illinois: The Case for Quality Content Online (from the FCC hearings)
-- Cards Ron collected at the FCC hearings on December 21st, 2009
-- Cards Ron collected at the CEC Holiday party on December 17th, 2009
-- Cards Ron collected at BNC Capital Group on 1/5/2010
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The Scoop section:
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This just in: Kraft Cadbury deal sealed at $19-billion
http://www.chicagobusiness.com/cgi-bin/news.pl?id=36769&seenIt=1
Kraft seals $19-billion Cadbury deal, New York Times reports
By: David Sterrett Jan. 18, 2010
(Crain's) -- Kraft Foods Inc. has reached a $19-billion deal to acquire British candymaker Cadbury PLC, the New York Times reported late Monday.
The deal, which could not be independently confirmed, would make Northfield-based Kraft the world's largest candymaker. It also would represent a triumph for Kraft CEO Irene Rosenfeld, who pursued Cadbury for four months. Cadbury executives spurned her original $17 billion cash-and-stock bid as too low and tried to drum up competing offers.
Although Hershey Co. was reportedly working to line up financing for a bid, the Pennsylvania chocolate maker had not presented an offer as of Monday evening.
Kraft significantly increased the cash portion with its latest offer, the Times reported. Although Warren Buffett and other large Kraft shareholders warned Ms. Rosenfeld against overpaying for Cadbury, they were most concerned about the risk of issuing too much stock in the deal. Her new bid appears to alleviate that concern without raising the overall price too high.
See Full Briefing
The deal would value Cadbury at about 840 pence a share, roughly 5% above the closing price of Cadbury stock Monday.
The Times reported that the deal could be announced Tuesday morning, but talks are still going on and could fall apart. Kraft must submit its final offer by midnight Tuesday under British takeover rules.
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Briefly noted, by Ron May
* I have to get this out and to bed. But the pot is starting ot boil on the Efoora front again. One of David Grosky's gofers, Allan L. Soboj, has been indicted by a federal grand jury for federal tax evasion. There is no direct reference to Efoora in the indictment, but I have to believe that he would not have been investigated were it not for Efoora.
What the indictment says is that Soboj under-reported income by an unspecified amount. It does not claim any amount certain. It states losses for each taxable year in question in the low to middle tens of thousands of dollars, which the government will of course state really had profits. It states as their offer of proof the existence of a second set of books. Underreporting income, no matter what this does to the bottom line, is its own criminal offense separate and apart from whatever tax may be due on the amount underreported, as it constitutes "filing a false tax return." Of course, if the underreported gross sales caused an increase in the tax due, that would be another offense. They need to get to zero just to break even, as obviously taxable income starts at zero and he disclosed losses.
Beyond Soboj, the bigger pot that is starting to boil is in Philly where an ex-prosecutor named Gerry Egan appears to have been involved in some very questionable activities but more on that soon.
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Zishan Ahmad: chicago tech / startups
From: Zishan Ahmad zishan@techscene.us
Subject: chicago tech / startups
Date: Sat, 16 Jan 2010 16:15:23 -0600
To: Ronald May <ron@themayreport.com>
Hi Ron,
We crossed paths last year at Social Media Club (twice), MIT Enterprise Forum, Tech The Halls, and likely a few other times. Unfortunately, I don't think we spoke much.
Quite honestly, I didn't know who you were prior to 2009, but I'm told if I'm going to be in the tech community in Chicago, you're the man to know.
Feel free to peruse http://chicago.techscene.us and add yourself or your company to the directory. It's had a slight remodelling since I'd given you my cards last year.
Looking forward to talking to you about Chicago startups and entrepreneurship. Happy New Year.
Regards,
Zishan
-----
Chicago Tech Scene - Founder
Website: http://chicago.techscene.us
Twitter: @Chi_TechScene
Chicago Tech Meetup - Co-Organizer
Website: http://www.meetup.com/Chicago-Tech-Meetup
Twitter: @Chicago_Tech
LinkedIn: http://www.linkedin.com/in/zishanahmad
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TiE decides to limit press to general events with public servants only
Subject: RE: Adarsh, did you guys have a board meeting in December and if so, what hap
Date: 1/18/2010 1:37:36 P.M. Central Standard Time
From: maria.katris@midwest.tie.org
To: ronaldmay@aol.com
CC: aarora@athenasecurity.net
Ron,
Thank you for the email and my apologies for not following up regarding our Press Policy. Yes, we did have a Board meeting and the press policy was discussed and decided upon as such: The Press will only be invited to attend General Member events where the speaker is a "Public Servant."
I look forward to connecting with you in the future. Please feel free to email/call me directly with any questions.
Thanks again,
Maria
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Rezko is still not in jail
From: Name withheld upon request
Subject: fyi - keep me out of this
Date: Sat, 16 Jan 2010 14:08:41 -0800 (PST)
To: Ron May ron@themayreport.com
don't ask me why, but when I read this, I thought it would be the sort of thing you'd relish
http://bigjournalism.com/fross/2010/01/16/mother-of-mercy-is-this-the-end-of-rezko-or-only-the-beginning/#more-6702
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Marty Glotzer
Fom: mglotz@aol.com
Subject: Re: The May Report: 1/15/2010: Yet again, in praise of Scott McGarvey and Les...
Date: Fri, 15 Jan 2010 21:44:10 EST
To: ron@themayreport.com
Martin Glotzer spoke at Walgreens meeting Martin Glotzer is a Roosevelt Univ. graduate he spoke at Walgreens urging consideration be given to naming the Pharmacy School Walgreens. an audio of the meeting can be found www.walgreen.com click on investors relations then click on webcast of the annual shareholders meeting Martin Glotzer can b heard at around the 13 th minnute and 16th minute.thanks
In a message dated 1/15/2010 7:11:22 P.M. Central Standard Time, ron@themayreport.com writes:
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Daliah Saper: Thanks
From: Daliah Saper admin@saperlaw.com
Subject: Re: The May Report: 1/15/2010: Yet again, in praise of Scott McGarvey and Les Stern: It has now come to this: ChicagoBooth marketing roundtable has banned, among others, Todd Allen, Steve Lundin, Ellis Booker, Jeff Jarvis, Brad Spirrison, Andy Sernov
Date: Fri, 15 Jan 2010 19:17:04 -0600
To: The May Report <ron@themayreport.com>
Hi Ron,
Thanks for including information about the January 28 Seminar at Saper Law in your report!
All the best,
Daliah
On Fri, Jan 15, 2010 at 7:05 PM, The May Report <ron@themayreport.com> wrote:
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Illinois: The Case for Quality Content Online (from the FCC hearings)
Illinois: The Case for Quality Content Online
Nearly 1 million Illinois children and adults are without access to a local public library
Educational spending in the state ranges from ca $5,000 to $12,000+ per pupil
1 in 7 Illinois youths between the ages of 16 and 24 is jobless and out of school
Those with limited literacy skills are more likely to be on food stamps, living in poverty, or incarcerated
On the internet, most Illinois residents use a search engine to find information instead of going to a quality website or online resource
Almost all other states offer access to quality content statewide: links and/or databases; while Illinois offerings are weak and dependent on whether someone lives in an area served by a public library
The resident of the state need and deserve quality links, vetted by the Original Search Engines, Illinois librarians
Every child needs easy online access to quality databases, including encyclopedias, literary sources, articles from newspapers and magazines, scientific resources, etc.
Every adult needs easy online access to quality health information, career resources and job leads, social services, lifelong learning tools, and other resources that inform, educate, and support quality of life in Illinois
Let's work together to bring Illinois along!
Content+ Access + Infrastructure + Training = Empowerment
Frances E Roehm
SkokieNet Librarian
Illinois CLICKS! Manager
Skokie Public Library
5215 Oakton St
Skokie, IL 60077
847.324.3173
froehm@skokielibrary.info
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Cards Ron collected at the FCC hearings on December 21st, 2009
Mitchell Szczepanczyk
Developer
OpinionLab
mitchells@opinionlab.com
Ivy Walker
Chief Executive Officer
WHITIA
www.whitia.org
ivy@whitia.org
Gordon Quinn
Kartemquin Films
www.kartemequin.com
gordon@kartemequin.com
Karen J. Bond
Management Consultant
Evanston, Illinois
bond1865@lycos.com
Joe Born
CEO
Neuros
www.neurostechnology.com
jborn@neurostechnology.com
William H Weber
Cbeyond
www.cbeyond.net
william.weber@cbeyond.net
Jay Sharman
Founder
Chief Executive Officer
TeamWorks Media
jay@teamworksmedia.com
Craig J. Shields
President
Graymills
www.graymills.com
cshields@graymills.com
Barbara J. Bailey
President/CEO
Illinois Institue of Technology
B & B Communications, Inc.
bbailey1962@sbcglobal.net
Michael J. Mini
Director
Government Relations
Chicagoland Chamber of Commerce
www.chicagolandchamber.org
mmini@chicagolandchamber.org
Frances E. Roehm
Skokie Net Librarian
Skokie Public Library
Skokie Net
www.skokienet.org
froehm@skokielibrary.info
Ernest Sanders
NCP Program Manager/
Director, Communications
Greater Auburn - Gresham Development
www, gagdc.org
esanders@gagdc.org
Valerie F. Leonard
Community Development Consultant
www.valeriefleonard.com
consulting@valeriefleonard.com
Carol R. Wilkerson
Regional Communications Director
carol.wilkerson@sba.gov
Mrs. Diana M. Phillips
President and Chief Executive Officer
Elite Human Service Systems, Inc.
dianephillips@wowway.com
Thomas A. Reed
Director
Federal Communications Commission
Office of Communications
Business Opportunities
thomas.reed@fcc.gov
Michael Paulos
Government and Community Affairs Manager
Comcast Cable
michael_paulos@cable.comcast.com
David Auber
Mobile: 312.523.7290
dfh004@yahoo.com
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Cards Ron collected at the CEC Holiday party on December 17th, 2009
Laurence K. Hayward
VentureLab
www.theventurelab.com
lkh@theventurelab.com
Warren Bent
VP- Sales and Marketing
InCharge Systems, Inc.
www.inchargesys.com
warrenbent@inchargesys.com
John G. Lagedrost
Vice President
Director
Calamos
www.calamos.com
jlagedrost@calamos.com
Benjamin D. Kern
Attorney at Law
McGuire Woods
www.mcguirewoods.com
bkern@mcguirewoods.com
Meg Herman
Manager
Entrepreneurial Training/Counseling
Women's Business Development Center
www.wbdc.org
mherman@wbdc.org
Sam Guren
Managing Director
Hyde Park Angels
www.hydeparkangels.com
sam@hydeparkangels.com
Anthony Baroud
Chief Executive Officer
Renewable Energy Solutions Technologies, Inc.
www.res-technologies.com
anthony@res-technologies.com
Denny Chandler
Chairman and CEO
SaberGuard
www.saberguard.com
dchandler@saberguard.com
Steve Lowy
President/Founder
SaberGuard
www.saberguard.com
slowy@saberguard.com
Dena Lyons
Artiste
www.denalyons.com
dena@denalyons.com
Denise Hartzell
Clearwire Corporation
www.clear.com
denise.hartzell@clearwire.com
Martin H. Kim
Principal
Froelich Kim Architecture
www.froelichkim.com
martin.fka@sbcglobal.net
Melissa Underwood
VP of Marketing and PR
Sittercity
www.sittercity.com
melissa@sittercity.com
Zenah M. Khawaja
CTO & Founding Member
Semiautomatic Semiotics
www.semiautomatic3d.com
cto@semiautomatic3d.com
Curt Geen
Chief Executive Officer
Sleepy Time Toys
www.sleepytimetoys.com
curtgeen@curtgeen.com
Rodrigo Guzman
Pybrew
rz@pybrew.com
Tammi K. Frankie
Attorney at Law
Fitzgerald + Hewes
tfranke@fitzhewlaw.com
Andrew Greene
Johnston Greene LLC
www.johnstongreene.com
agreene@johnstongreene.com
John Nix
VP- Technology Development
InCharge Systems, Inc.
www.inchargesys.com
johnnix@inchargesys.com
Brad Morehead
CFO
Feldco Factory Direct
bradm@4feldco.com
Pete Kadens
President
SoCore Energy
www.socoreenergy.com
pkadens@socoreenergy.com
Justin Brown
Managing Broker
Brown + Element Real Estate
www.brownandelement.com
justin.brown@brownandelement.com
Jeremy L. Adelman
Director
Angel Innovation & Entrepreneurship Network
Illinois Institute of Technology
www.iit.edu
jadelman@iit.edu
Phillip A. Leslie
Founder & CEO
ProOnGo
www.ProOnGo.com
Phillip@proongo.com
Brett Swinney
Imaging Manager
Real Talent
www.realtalent.com
brett@realtalentinc.com
Steve Chamberlain
Vice President
National City Bank
www.nationalcity.com
steven.chamberlain@nationalcity.com
Aditya Nath
CEO
Nexvu APM, LLC
www.nexvu.com
anath@nexvu.com
Adam Koopersmith
Partner
New World Ventures
adam@newworldvc.com
Kevin Souers
Vice President
Keane
www.keane.com
kevin.souers@keane.com
Michael C. Gruber
Founder
Cornerstone Angels
www.cornerstoneangels.com
michael@cornerstoneangels.com
Brian Crookes
Clearwire Corporation
www.clear.com
brian.crookers@clearwire.com
Jed Abernethy
Vice President of Sales
Athena
www.athenasecurity.com
jabernethy@athenasecurity.com
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Cards Ron collected at BNC Capital Group on 1/5/2010
Andrea Moran
Managing Director
Marengo Hampshire Partners
www.marengohampshire.com
andrea@marengohampshire.com
Raymond J. Markman
President & CEO
Financial Life Planning
rmarkman@att.net
Dean Henning
Board Director
U.S. Way Corporation
www.uswaycorp.com
deanhenning@sbcglobal.net
max@usway.cn
Matthew Jensen
Natron Baxter
matthew@natronbaxter.com
314.485.4565
Nathan Verrill
Natron Baxter
nathan@natronbaxter.com
314.853.6289
Victor Korzen
U.S. Way
usway@uswaynet.com
Tom Zanzola
U.S. Way
lighting@uswaycorp.com
Ramsey Gouda
President
Q3 Wireless Inc
www.q3wireless.biz
ramsey@q3wireless.biz
Atakan Arica
Vice President
Turkish American Chamber of Commerce & Industry
www.TACCI-midwest.org
info@TACCI-midwest.org
Sean C. Fifield
Partner
LockeLordBissell&Liddell LLP
sfifield@lockelord.com
Jason Barlow Ph.D.
Principal
Vitality Consulting Group
vitalityconsultinggroup@gmail.com
Matthew T. Furton
Partner
LockeLordBissell&Liddell LLP
mfurton@lockelord.com
Robert Harney
President
RHS Telecom
www.rhstelecom.com
rharney@rhstelecom.com
Dejun Song Ph.D.
President/CEO
Afanche Technologies, Inc.
www.afanche.com
dejunsong@afanche.com
Josh Coughlin
President
Quantum Immunologics
www.quantumimmunologics.com
joshcoughlin@quantumimmunologics.com
Malcolm N. Speller
Chief Executive
AmniFPS
www.amnifps.com
mspeller@amnifps.com
Tom Huguelet
Chief Technology Officer
Intelligent Proof, Inc.
www.intelligentproof.com
tomh@intelligentproof.com
Zenah M. Khawaja
CTO & Founding Member
Semiautomatic Semiotics
www.semiautomatic3d.com
cto@semiautomatic3d.com
Foster Amoako
Bioanalytical Medicinal Chemistry Consultant
StembiGen, Inc.
famoako1@gmail.com
Janice Lesiotis
President
Intelligent Proof, Inc.
www.intelligentproof.com
janice@intelligentproof.com
John Miller
john@intelligentproof.com
David Simmons
NeuroMune Biopharmaceuticals
www.neuromune.com
dsimms@neuromune.com
Matthew R. Prazenka
Abacus Business Leaders, LLC
www.abacusbl.com
mprazenka@abacusbl.com
Kenneth B. Hopps
General Manager
Marketing and Sales Executive
k.hopps@yahoo.com
Malcolm N. Speller
Chief Executive
AmniFPS
www.amnifps.com
mspeller@amnifps.com
Lanre O. Osinowo
Chief Executive
AmniFPS
www.amnifps.com
losinowo@amnifps.com
Michael Cowan
Producer
Heartbeest Productions, Inc.
mbcowan@heartbeest.com
David Culver
Vice President of Marketing
Forward Momentum
david@forwardmomentumllc.com
Andrew Nadler
Director of Operations
Forward Momentum
andrew@forwardmomentumllc.com
Josh Coughlin
President
Quantum Immunologics
www.quantumimmunologics.com
joshcoughlin@quantumimmunologics.com
Ramsey Gouda
President
Q3 Wireless Inc.
www.q3wireless.biz
ramsey@q3wireless.biz
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END OF REPORT |