Kicking off an MBO is risky Friday, January 19, 2007
The directors of UK listed sofware business Misys, which tried to arrange a buyout last year, were turfed out this week by the CEO.
Arranging such a deal is always tricky given
- you need secrecy initially but also need some conspirators
- you can't be doing your job fully whilst arranging your bid
- shareholders are suspicious of you (have you deflated the company performance to get a lower price)
- your susbsequent commitment to the firm if its fails is questionable
posted by John Wilson @ 1:42 PM Permanent Link
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