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1300 Eye Street NW
Suite 600
Washington, DC 20005

phone: 202.216.1143
fax: 202.408.7838

Boris J. Steffen, M.M., C.P.A., C.D.B.V.

Partner

Boris J. Steffen is an expert in accounting, economics, corporate finance, strategy, and valuation. In addition to serving as a mediator in ability to pay disputes, he has provided expert testimony in litigation and international arbitration regarding acquisition structure, competitive effects, contracts, enterprise and option valuation, fairness of consideration, lost profits, market definition, value impairment, and solvency in antitrust, breach of contract, fraudulent conveyance, monopolization, resale price maintenance, and securities disputes, and advised in mergers and acquisitions, divestitures, joint ventures, and leveraged buyouts valued in excess of $100 billion.

Mr. Steffen has consulted in a wide range of industries, including food and beverage, aerospace, automotive, business supplies and services, cable network/media, chemicals, consumer products, electronic imaging, defense, financial services, health care, information technology, Internet, insurance, computer, energy/utilities, microprocessor, pharmaceuticals, printing, retail, tobacco, savings and loan, and steel. He served as a testifying expert on merger synergies in Federal Trade Commission v. Staples, Inc., which remains the state-of-the-art in merger antitrust enforcement, and in In re The Matter of the Joint Petition of Public Service Electric and Gas Company and Exelon Corporation for Approval of a Change in Control of Public Service Electric and Gas Company, and Related Authorizations, the largest proposed utility merger to date.

Prior to joining Bates White, Mr. Steffen was a Senior Consultant with the Economics and Policy Group of LECG, Inc., and a Senior Staff member of the Federal Trade Commission, Bureau of Competition. In prior positions, he was Manager of Acquisitions in Corporate Development for PG&E Generating, and a Group Leader/Accountant and Auditor in Corporate Finance for Inland Steel Industries, Inc.

M.M., Management, with specializations in Accounting and Finance, J.L. Kellogg Graduate School of Management, Northwestern University; B.S., Finance, DePaul University; B.M., Applied Music, with emphasis in trumpet performance, DePaul University; Certification in Distressed Business Valuation, (C.D.B.V.), Association of Insolvency & Restructuring Advisors

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Areas of expertise

Accounting, auditing, budgeting, and financial reporting

Mergers and acquisitions, joint ventures, divestitures, buyouts, and public offerings

Competitive analysis, due diligence, negotiation, corporate finance, development, and strategy

Antitrust, intellectual property, international trade, contracts, valuation, litigation support, and testimony

Case studies
Application of a cognizable synergy framework to the Exelon/PSEG merger

Refutation of “junk science” leads to reversal of $1.5 billion damages award

Interviews
Boris Steffen, “Antitrust Considerations: Interview with IncreMental Advantage,” Oct. 2006

Presentations
Synergy Assessment Under Uncertainty

Press releases
Boris J. Steffen publishes article on the role of valuation in corporate restructuring in Financier Worldwide

Boris J. Steffen publishes article on valuation and solvency analysis in failing firm claims in Financier Worldwide

...all press releases
Boris J. Steffen publishes article on regulations and synergies in utility mergers in Financier Worldwide

Boris J. Steffen speaks on merger synergies at Platts 4th Annual Utility M&A conference

Boris Steffen presented on “Merger Synergies and the Failing Firm Defense” at mergers and acquisitions conference

Boris J. Steffen to speak at Platts 3rd Annual Utility M&A conference

Mr. Boris Steffen and Dr. Jonathan Lesser testify in the merger proceedings of Exelon Corporation and Public Service Electric and Gas Company (PSEG)

Bates White strengthens leadership with appointment of four partners and two principals
...latest press releases only

Publications
The Role of Valuation in Corporate Restructuring

Regulations and synergies in utility mergers

...all publications
“Dealmakers must respect state regulators, panelists at Platt’s M&A Conference agree”
For more information visit: http://www.platts.com

...latest publications only