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So they took a Company with 2.2b cash and cash equivalents private with just 1.3b of their own money. Man I need to network with gullible bankers too
by nasmorn 9y ago
So they took a Company with 2.2b cash and cash equivalents private with just 1.3b of their own money. Man I need to network with gullible bankers too
- airstrike 9y agoThere's nothing gullible about this kind of lending. LBOs are announced daily and cutting a 20-30% equity check is very common. Most of the time people make money on them -- sometimes a lot of money, if the timing, the target, and the fit is right. This wasn't one of such cases.