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I don't follow the scheme here. What are "penalties on the acquisition deals"? This all seems rather roundabout when it's dependent on the company being close t
by ghostly_s 8y ago
I don't follow the scheme here. What are "penalties on the acquisition deals"? This all seems rather roundabout when it's dependent on the company being close to insolvency anyway, so they could have just bought them outright to begin with if that was really their master plan.
- mikekchar 8y agoIn order to buy a publicly traded company outright, you need to get permission from the board. This is just the machinations to get that to happen -- at a price that they wanted.
- taw123 8y agoI'm guessing Corel was in the middle of an acquisition that had a back out penalty. If the acquisition was vetoed, the back out penalty would have bankrupted Corel. Sounds like blackmail to me.