Company Publicly traded telecommmunications equipment company that designs, manufactures, and markets transmission products used by telephone companies, with operations in the U.S. and Europe Background Duff & Phelps was engaged by the acquirer to perform an allocation of the purchase price for compliance with FAS 141. The acquirer decided to use push-down accounting for financial reporting purposes. D&P's Role Estimated the stand-alone value of the target's U.S. operations   Estimated the stand-alone value of the target's European operations   Identified and estimated the value of the synergies created by the combination of the target and the acquirer   Identified and estimated the value and remaining useful lives of the significant intangible assets of the target's U.S. operations   Prepared a comprehensive written report describing the target, the telecom equipment industry, the economic environment, and our valuation analyses Results Filings were made with the SEC and the purchase price allocation was not challenged.   Investment community gained a better understanding of the transaction through a fair representation of the allocation of the purchase price among the acquired assets. Essentials Efficient due diligence process maximized the understanding of the target business, the reasons for the transaction, and the identification of information sources and management.   Expertise of Duff & Phelps' professional staff was reflected in thoughtful, sound analysis.   Objectivity and professionalism of the analysis provided insurance against the risk of a restatement following a challenge from regulators.