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222: Luke Cummings – Mergers & Acquisitions: The Ultimate Game of Poker

Chat With Traders

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How Do You Know if You're on Board or Opposed to a Takeover?

The company making the approach will announce that they've spoken to the founder and that they've agreed in principle to support the transaction. The other benefit of that, of course, is that any other bidders who are potentially r watching from the side lines also know that that price is acceptable to the founders. And if i use an example there, m. a i m is the isax code. They recently, early this year, announced the transaction at a dollar 20 per share. But they also had what we would call a ghost shop s in ther transaction documents. Management were happy to support it a dollar 20, but they wanted the ability go and, um, and find, you

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