<div dir="ltr">Reverse mergers are between a private company and a public company though, in which the private buys the public one. The scenario I am thinking about is two publicly traded companies but one has about 10X the valuation of another. But the smaller company has a market cap of $100B. </div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Tue, Oct 22, 2019 at 5:11 PM Tom Henderson via Ipg-smz <<a href="mailto:ipg-smz@netpress.org">ipg-smz@netpress.org</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
<div bgcolor="#FFFFFF">
<p>Reverse mergers are pretty commonplace. Usually, it's structure,
assets, cashcow-cashflow, management, international presence, etc
that's the motivator. I've been involved with two of them. Many
work out well, but a few of them are dodgy.</p>
<p>Tom</p>
<p><br>
</p>
<div>On 10/22/19 4:28 PM, Perlow, Jason via
Ipg-smz wrote:<br>
</div>
<blockquote type="cite">
<div dir="ltr">Good example</div>
<br>
<div class="gmail_quote">
<div dir="ltr" class="gmail_attr">On Tue, Oct 22, 2019 at 4:26
PM Steve Wexler <<a href="mailto:stevewexler.wordslingers@gmail.com" target="_blank">stevewexler.wordslingers@gmail.com</a>>
wrote:<br>
</div>
<blockquote class="gmail_quote">
<div dir="ltr">It wasn't a 10x acquisition, but Dell-EMC
pushed the boundaries at least a little bit for the IT
industry.</div>
<br>
<div class="gmail_quote">
<div dir="ltr" class="gmail_attr">On Tue, 22 Oct 2019 at
16:23, Perlow, Jason via Ipg-smz <<a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a>>
wrote:<br>
</div>
<blockquote class="gmail_quote">
<div dir="ltr">Doesn't look great for the future of these
things either
<div><br>
</div>
<div><a href="https://www.washingtonpost.com/business/the-leveraged-buyout-industry-is-starting-to-eat-itself/2019/08/06/3a01e192-b843-11e9-8e83-4e6687e99814_story.html" target="_blank">https://www.washingtonpost.com/business/the-leveraged-buyout-industry-is-starting-to-eat-itself/2019/08/06/3a01e192-b843-11e9-8e83-4e6687e99814_story.html</a><br>
</div>
</div>
<br>
<div class="gmail_quote">
<div dir="ltr" class="gmail_attr">On Tue, Oct 22, 2019
at 3:42 PM Dan Rosenbaum via Ipg-smz <<a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a>>
wrote:<br>
</div>
<blockquote class="gmail_quote">
<div lang="EN-US">
<div>
<p class="MsoNormal">It sounds to me like you’re
describing a classic leveraged buyout, where a
smaller company uses a bigger company’s assets
or cash to buy it. The classic case was RJR
Nabisco.</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">d</p>
<p class="MsoNormal"> </p>
<div>
<p class="MsoNormal"><b><span>From: </span></b><span>Ipg-smz
<<a href="mailto:ipg-smz-bounces@netpress.org" target="_blank">ipg-smz-bounces@netpress.org</a>>
on behalf of "Perlow, Jason via Ipg-smz"
<<a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a>><br>
<b>Reply-To: </b><<a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a>><br>
<b>Date: </b>Tuesday, October 22, 2019 at
3:28 PM<br>
<b>To: </b>IPG List <<a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a>><br>
<b>Cc: </b>Jason Perlow <<a href="mailto:jperlow@gmail.com" target="_blank">jperlow@gmail.com</a>><br>
<b>Subject: </b>[Ipg-smz] Asymmetrical
Mergers</span></p>
</div>
<div>
<p class="MsoNormal"> </p>
</div>
<div>
<p class="MsoNormal">Does anyone know,
historically, of a merger between two
companies where the valuation was highly
asymmetrical? Such as when you might have a
company that is worth $1000B, but wants to
merge with a company that is worth $100B? They
don't have the assets to buy it outright, but
it would be a beneficial marriage.</p>
<div>
<p class="MsoNormal"> </p>
</div>
<div>
<p class="MsoNormal">I am going by this list
and I cannot find any that are comparable.</p>
</div>
<div>
<p class="MsoNormal"> </p>
</div>
<div>
<p class="MsoNormal"> </p>
<div>
<p class="MsoNormal"><a href="https://en.wikipedia.org/wiki/List_of_largest_mergers_and_acquisitions" target="_blank">https://en.wikipedia.org/wiki/List_of_largest_mergers_and_acquisitions</a></p>
</div>
<div>
<div>
<p class="MsoNormal"> </p>
</div>
<p class="MsoNormal">-- </p>
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<fieldset></fieldset>
</blockquote>
<pre cols="72">--
Tom Henderson
ExtremeLabs, Inc.
+1 317 250 4646
Twitter: @extremelabs
Skype: extremelabsinc</pre>
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</blockquote></div><br clear="all"><div><br></div>-- <br><div dir="ltr" class="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div><font face="arial, helvetica, sans-serif"><b style="color:rgb(51,51,51)"><span style="font-size:13px">JASON PERLOW</span></b><br></font></div><div dir="ltr"><font face="arial, helvetica, sans-serif"><span style="color:rgb(51,51,51)">Sr. Technology Editor, ZDNet</span><br></font><table style="border:0pt none;table-layout:auto;white-space:normal;color:rgb(95,95,95);width:650px;font-size:11px" cellpadding="0" cellspacing="0" width="650px"><tbody><tr><td style="vertical-align:top" width="400px"><font size="2" style="font-family:arial,helvetica,sans-serif"><b>Voice/Text (561)510-0063<br><span><a href="mailto:jperlow@gmail.com" title="[GMCP] Compose a new mail to jperlow@gmail.com" rel="noreferrer" target="_blank"><font color="#333333">jperlow@gmail.com</font></a></span><br><span><span style="color:rgb(70,107,176)">ZDNet Tech Broiler: </span><a href="http://www.techbroiler.com/" target="_blank"><font color="#333333">www.techbroiler.com</font></a></span></b></font><br><span style="font-family:arial,helvetica,sans-serif;margin-left:0px"><span style="color:rgb(70,107,176)"><br><b><font size="2">Socialize Me:</font></b></span><b><font size="2"> <font color="#666666"><a href="http://www.twitter.com/jperlow" target="_blank">Twitter</a> | </font><font color="#666666"><a href="http://www.instagram.com/jasonperlow" target="_blank">Instag</a></font><font color="#666666"><a href="http://www.instagram.com/jasonperlow" target="_blank">ram</a> |</font><span style="color:rgb(102,102,102)"> </span><a href="https://www.facebook.com/techperlow" target="_blank">FaceBook</a><span style="color:rgb(102,102,102)"> | </span><a href="http://www.linkedin.com/in/jasonperlow" target="_blank">LinkedIn</a><span style="color:rgb(102,102,102)"> | </span></font></b><font color="#666666"><br></font></span></td></tr></tbody></table><br></div></div></div></div></div></div></div></div>