Mar
23
Morning Agenda: The Unsettling Acquisitiveness of Anbang
ByTHE UNSETTLING ACQUISITIVENESS OF ANBANG |Anbang’s spending spree is a sign that deal-making has gone awry,
Steven Davidoff Solomon writes in the Deal Professor column.
Strategic bidders typically triumph over financial bidders in takeover battles because the strategic buyer is an operating company and can almost always pay more. The strategic buyer can expect to earn more through cost savings. The last time financial buyers regularly beat strategic buyers was before the financial crisis as the credit bubble drove a huge feeding frenzy in private equity…
Morning Agenda: The Unsettling Acquisitiveness of Anbang
