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<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 class="moz-cite-prefix">On 10/22/19 4:28 PM, Perlow, Jason via
Ipg-smz wrote:<br>
</div>
<blockquote type="cite"
cite="mid:CABZrw2FFXN7YJjR3PHRYgFLpWbXAJjdL_ucWX8=zdk0dU8ufAQ@mail.gmail.com">
<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"
moz-do-not-send="true">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"
moz-do-not-send="true">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" moz-do-not-send="true">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"
moz-do-not-send="true">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" moz-do-not-send="true">ipg-smz-bounces@netpress.org</a>>
on behalf of "Perlow, Jason via Ipg-smz"
<<a href="mailto:ipg-smz@netpress.org"
target="_blank" moz-do-not-send="true">ipg-smz@netpress.org</a>><br>
<b>Reply-To: </b><<a
href="mailto:ipg-smz@netpress.org"
target="_blank" moz-do-not-send="true">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" moz-do-not-send="true">ipg-smz@netpress.org</a>><br>
<b>Cc: </b>Jason Perlow <<a
href="mailto:jperlow@gmail.com"
target="_blank" moz-do-not-send="true">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" moz-do-not-send="true">https://en.wikipedia.org/wiki/List_of_largest_mergers_and_acquisitions</a></p>
</div>
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<div>
<p class="MsoNormal"> </p>
</div>
<p class="MsoNormal">-- </p>
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<p class="MsoNormal"><b><span>JASON
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<pre class="moz-signature" cols="72">--
Tom Henderson
ExtremeLabs, Inc.
+1 317 250 4646
Twitter: @extremelabs
Skype: extremelabsinc</pre>
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