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« New Home Depot CEO Turns Down Pay | Main | Hedge Funds Borrow Shares on Record Dates: Should We Care? »

January 28, 2007

Compare Zell and Crawford

Both Sam Zell and Mac Crawford are facing buyout bids for their companies.  Zell has encouraged an auction and raised the price an extra $2.7 billion ($60 million a day).  Crawford has blocked an auction and favored the bidder offering a minimal takeover premium and a generous severance package to the senior officers (including himself).  There is a right way and a wrong way to handle a buy-out offer.

January 28, 2007 in Corporate Governance | Permalink

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