We Study Billionaires - The Investor’s Podcast Network cover image

TIP552: Mastering the Art of Investing: A Deep Dive w/ Sam Zell

We Study Billionaires - The Investor’s Podcast Network

NOTE

Considering a Breakup Fee in a Competitive Bid

The speaker considered a potential deal but only if the breakup fee was small enough to encourage competition. They wanted to protect themselves and their investors by accurately determining the value of the deal. In the end, they settled on a $200 million breakup fee, which was much lower than the typical 3% fee. This gave the speaker comfort in moving forward with the deal.

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