WEALTHOVER GROUP  
..................
   
 
 
Non Bank Financial Services
Corporate Doctors to small and midsize companies
 
214 Reorganisations
10 Private Pl's
9 IPOs 18 Mergers
67 Acquisitions
14 Employee Buyouts
381 Clients
1 billion $s raised
2 Liquidations
...Since 1966

Mergers/Acquisitions [Stated at current values]
The world's most famous manufacturer of large aircraft for most of the 20th century, holding an order book of more than 600 million dollars (6 bilion in today´s money), was strapped for cash to build all these aeroplanes. Douglas Aircraft Company's bankers had just called in its lines; they did not have the same confidence in the son as they had in the father and founder. Management were suddenly facing the real possibility of a chapter 11 bankruptcy. Little McDonnell Aviation, flush with money from military contracts - and assuming there could be no other timely bids - had made a derisory offer to acquire Douglas Aircraft Company as if it were in liquidation. Douglas management subscribed to more numbers of our newsletter than any other

American company, and the Douglas family were close friends of our principal aviation associate. It was natural they would turn to wealthover to help them at such a time.
A quick evaluation confirmed our fear that if we did not find an immediate solution it would be either Mack McDonnell's nothing offer or bankruptcy. We pulled out all the stops while maintaining the maximum discretion. Mack was known to play rough and if he thought the Douglases were shopping his offer, through us, he was capable of backing out and waiting to cherry pick from the liquidators.
Within a week we had a bonafide intervening bid from Sunray DX.Oil Co. While merging Douglas with an oil company made no sense, the CEO and main owner of Sunray was an avid pilot and aviation buff, welcomed an

opportunity to bid for Douglas Aircraft. Mack, though furious, had no choice but substantially to raise his offer or miss the opportunity as a healthy minnow to swallow a wounded whale. McDonnell Douglas was born. [Our job done] Postscript:The slowdown in military orders and the failure of the DC10 to live up to the Douglas reputation forced McDonnel Douglas into a merger with Boeing -
once Douglas' mini upstart rival.0ºººion pioneer Donald W. Douglas, but his Jr. and heirs. Therefore when it was time to pay wealthover for saving their estate we were offered a repossessed DC9 in lieu of payment.This
interested our pilots but thankfully our lawyers prevailed.