Martin Smith, the new employee LBO firm must respond to problems with his boss, based on historical transaction that is suddenly canceled. After months of negotiations, the plan to the company to buy bankrupt competitor of one of its portfolio companies, and close it, thus reducing the potential was ready for approval by the Board of Directors. Recently, not only in the products has improved, but the management of the target company presented a more attractive deal to recapitalize the company. This would be disastrous for the industry to perpetuate the problem of excess. Talk Smith offers. "Hide
by G. Felda Hardymon, Josh Lerner, Ann Leamon Source: Harvard Business School 2 pages. Publication Date: December 4, 2002. Prod. #: 803091-PDF-ENG
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