222: Luke Cummings – Mergers & Acquisitions: The Ultimate Game of Poker
Chat With Traders
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How Do You Evaluate an Initial Takeover Bid?
If a bidder is looking to buy a company, there's very little point in making any kind of proposal if i haven't already spoken to the major shareholder. If that founding shareholders on board with whatever the proposed transaction isit' It's highly likely to go ahead in its current form - even if they're against it. Fun managers tend to make less noise about valuation than founder shareholders who are often more focused on long-term goals.
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