|Penn Law and Wharton Students Glean Real World Lessons in New Deals’ Class
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“I was delighted that we could bring to campus so many high-powered professionals to talk about their high-profile transactions,” said Knoll. The five deals highlighted last fall were General Electric’s spin-off of Genworth; the redevelopment of the St. Moritz Hotel on Central Park South; SunGuard Data System’s purchase of Comdisco’s disaster recovery system; the co-development/co-promotion deal between Genta (a biotech company) and Aventis; and the restructuring of Royal Dutch Shell.
Daley, who dissected GE’s IPO and spin-off of Genworth Financial, Inc. into an independent public company, was joined by her company’s senior banker from Morgan Stanley, Ruth Porat, a Wharton graduate, and her senior outside and internal counsels.
“All of us were delighted with the opportunity to present a very authentic, very complicated transaction to the class,” said Daley. “The students asked excellent questions, were clearly on top of the subject matter, and seemed excited about learning something very ‘real.’”