Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Partners
UPS Announces Withdrawal of Offer for TNT Express
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Catatonic" data-source="post: 1086770" data-attributes="member: 7966"><p>And the person(s), who squandered $268M by not having a provision that there would be no penalty to either company if regulatory entities did not approve the merger, continue employment in a state of nonaccountability.</p><p></p><p>This aspect is such an obvious blunder, I would not be surprised if the Board steps in on this one.</p><p>But then again, perhaps they were part of the decision-making apparatus that overlooked this in the Terms and Conditions.</p><p></p><p>I had the opportunity to talk with a M&A lawyer from NY and she said this appeared to be a lack of "due diligence" and it was brought up as a learning opportunity to never allow this to happen. She deals with Financial M&A and some International so I assume she knows the area.</p><p>She also mentioned that UPS could sue the Legal Firm that put this deal together for lack of "due diligence".</p><p></p><p>If UPS does, we'll probably not hear about it.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1086770, member: 7966"] And the person(s), who squandered $268M by not having a provision that there would be no penalty to either company if regulatory entities did not approve the merger, continue employment in a state of nonaccountability. This aspect is such an obvious blunder, I would not be surprised if the Board steps in on this one. But then again, perhaps they were part of the decision-making apparatus that overlooked this in the Terms and Conditions. I had the opportunity to talk with a M&A lawyer from NY and she said this appeared to be a lack of "due diligence" and it was brought up as a learning opportunity to never allow this to happen. She deals with Financial M&A and some International so I assume she knows the area. She also mentioned that UPS could sue the Legal Firm that put this deal together for lack of "due diligence". If UPS does, we'll probably not hear about it. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Partners
UPS Announces Withdrawal of Offer for TNT Express
Top