Amazing twists and turns in the negotiations. It's like the problem of an investment bank trying to hold an auction with only one buyer of a company. Typically the buyer takes out the baseball bat and whacks the acquiree during due diligence to drive the price down. Without a second interested party to hold the first party honest it's hard to get a favorable deal done.
https://x.com/cal_sports_/status/1695439731872702541?s=46&t=8ZmDJmrbyT_EV72y2qjZnw
https://x.com/mikesilver/status/1695458739590226073?s=46&t=8ZmDJmrbyT_EV72y2qjZnw
https://x.com/mhver3/status/1694720972958613916?s=46&t=8ZmDJmrbyT_EV72y2qjZnw
SMU would be the loser if ACC deal fails
Amazing twists and turns in the negotiations. It's like the problem of an investment bank trying to hold an auction with only one buyer of a company. Typically the buyer takes out the baseball bat and whacks the acquiree during due diligence to drive the price down. Without a second interested party to hold the first party honest it's hard to get a favorable deal done.