One of the last blows, the valuation of Smith Barney that favored joint venture partner Morgan Stanley and made the transaction look like yet another blunder for Pandit, gets no mention in the latest report, but certainly could not have helped his case.

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Shares of ABI fell 6.3% in New York, and Grupo Modelo fell 7.1%, but the party that got hammered the worst was Constellation Brands, which was set to acquire the 50% of its Crown Imports joint venture with Grupo Modelo in a related transaction.

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His biggest personal lender also got a sweetheart deal in joint ventures with Chesapeake the corporation via a preferred stock transaction.

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Specifically, flexible contracts, transaction-specific investments, bilateral communication, joint goal setting and problem solving have all been shown to be important tools in building inter-organizational (including inter-departmental) trust.

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This transaction would support the sale of U.S. oil field equipment to the Chernogorskoye Joint Venture, ostensibly a private sector project, in order to develop a new oil field in Western Siberia.

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