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

Chat With Traders

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What Are the Best Terms of the Deal?

An unconditional bid is binding and enforcable any time up to the offa close date. A script bid, meaning that the company's paying in shares rather than cash, isn't fixed. In some ways, we prefer them because if you can hedge the value of the transaction, then it doesn't seem as risky. We're not doing that because we think x edis going to go down orbeue on the exangerents' side. And i understand this convery quite a lot. That's messi one of the other parts which comes along with the initial announcement is, obviously the terms of the deal.

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