Successful Acquisitions Through Leadership and Culture
M&A Science
00:00
Getting an Offer You Can't Refuse
The two men met in the back seat of a car. David gave me the first offer for the company. I looked at it and told him i would talk to my board, that i thought there was still strategic validity in what we did. We spent about an hour recommitting to the strategy at our first meeting. March eighth, we announced the merger. Having had no leaks, i had 97 50 a share, half cash, half signes stock,. which i thought was undervalued at the time. And then from march until december twentieth, when we actually got the deal, we put our teams together again.
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