history is littered with stories of t/o's that weren't quite high enough to convince shareholders to sell out, leaving an annoying 10%+ minority stake still listed.
This leads to greenmail, extra costs, continued public disclosure, exposure to rating agency ratings etc. etc, all of which you hope to avoid by being private. To that end, shareholders benefit from a bid for their stock at an elevated price that is at a higher enough premium to encourage selling...
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.