5 ms·

Yeah this was six stores. The offers were 3.8M and 4M. What’s the importance of bearing that in mind?

• tptacek 6y ago
  That it's easy to say with the benefit of hindsight that the rival bidders for Starbucks would have been cheated out of a fortune, but unclear that the fortune was theirs to be had even if they'd won the bid. What's more likely is that Schulz would simply have started a different chain, and we'd be talking about that company the way we do about Starbucks now.
  • vijayr02 6y ago
    I don't think that's the point that nuclearnice1 is making. The focus is not on the other bidder (who may or may not have gone on to make a fortune). The point is the seller could have gotten more than what Schulz paid for the chain. If this was a corporate m&a situation and a second bidder arose at a higher price, the board has a fiduciary duty to consider that offer.
    • whizzter 6y ago
      Probably not, if BG sr was able to scare of the other bidder with a short conversation there was probably legal grounds that made the other bid problematic in some way.