Vtech Aquisition Team
Key Players
VTech plans to acquire 100% of the outstanding common stock of LeapFrog through an all cash tender offer followed by a second-step merger. VTech will offer LeapFrog investors US$1.00 per share for LeapFrog's Class A and Class B shares, which represents a 75.4% premium over the closing price of LeapFrog's Class A shares on 4 February 2016. Apparently, the entire transaction is funded internally..
“By bringing together two of the great names in children's learning and entertainment , and also will allow us to offer the broadest portfolio of products that enhance the education and development of children across the world, while bringing them fun and joy” , says Allan Wong, , SEO of Asus
Even thought they have address the main concepts of why they are merging but now some considerations . . Some of these considerations are : beliefs and expectations and statements about VTech's proposed acquisition of LeapFrog, are forward-looking statements and should be evaluated as such. Forward-looking statements include, but are not limited to, statements that may relate to VTech's and LeapFrog's plans, objectives, strategies, goals, future events, the timing and success of the tender offer and other information that is not historical information. Factors that may materially affect such forward-looking statements include: VTech's ability to successfully complete the tender offer for LeapFrog's shares or realize the anticipated benefits of the transaction; and the failure of any of the conditions to Vetch’s tender offer to be satisfied.
VTech and LeapFrog do not undertake, and specifically disclaim, any obligation or responsibility to update or amend any of the information above except as otherwise required by law. Toy maker, VTech is now trying to embed data breach acceptance in its terms and conditions for customers, in a move which questions whether the company would do the same for its business products after the type of hack it suffered last year. It will be interesting to see if the big Directors are one of their employees / Leapfrog struggled to compete with technology companies like Apple Inc., as well as toy-industry rivals.. For the 2014 holiday season, the company's most important products were LeapTV, an interactive educational video game system similar to the Nintendo Wii; the LeapBand, an interactive wearable activity tracker that encourages active play; and the LeapPad 3, the newest LeapFrog educational tablet for children. All three toys were highly anticipated this holiday season; each won an award from Dr. Toy, The Toy Insider listed both the LeapBand and LeapTV on its list of top tech toys, and Toys "R" Us put LeapTV on its "Fabulous 15" list of hottest toys for the holiday season.
VP-Accounting-During due diligence process, the VP-Accounting will go through the financials to see the past performance of the company in question to ascertain that the company is indeed worth buying. Also, forensic accounting will help decipher any case of fraud or misrepresentation.
VP Market Research-responsible for developing and/or managing clients within an entire geography, sector or industry. The Vice President applies strategic business development principles to maintain or grow their client base/market share. Vice Presidents generally manage an entire office and are responsible for achieving overall sales or profitability goals. This person would be responsible for the new market areas for products and see where there can be viability.
VP-Human Resources- Acquiring a company in the foreign country already is a very complex issue and especially for the local workforce in the foreign market. It becomes extremely essential that VP- Human Resource gets a piece of the action early on, so it can give its inputs on the kinds of problems that the company might face before and after the acquisition including researching the quality of the labor force, unions deals, local labor laws in the foreign country and duplication of workforce to start with. There is a need to develop an internal working team made up of representatives from finance, sales and marketing, and operations. You also want to consider using outside experienced advisors such as lawyers, accountants, investment bankers, valuation experts, and in some come cases insurance or employee benefits experts. VP of Human resources is responsible for directing all of the people functions of the corporation in accordance with the policies and practices of the Corporation, the ethical and social consciences of business and society and the laws, regulations and administrative rulings of governmental organizations and other regulatory and advisory authorities and organizations. The incumbent will also be responsible for the strategic human resource planning to provide the company with the best people talent available and to position the company as the Employer of Choice by being aware of policies, practices and trends within the software industry, newly public companies and all of industry in general.