222: Luke Cummings – Mergers & Acquisitions: The Ultimate Game of Poker
Chat With Traders
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Non Binding Transactions - Are You Going to Dismiss a Potential Trade Around This?
We're much more cautious on non binding transactions than we would be binding. It's not nesarly just non binding transactions that therewe caseosoff some years ago. Some of the, i guess, like big australian super funds, like a ware swueper being equais e in destruction real asets. We don't really think about trading these things, maybe a 15 or 20 % discount to the implied price might even be too large for a non binding transaction.
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