[Ipg-smz] Asymmetrical Mergers

[Tom Henderson]

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.

Tom


On 10/22/19 4:28 PM, Perlow, Jason via Ipg-smz wrote:
> Good example
>
> On Tue, Oct 22, 2019 at 4:26 PM Steve Wexler 
> <stevewexler.wordslingers at gmail.com 
> <mailto:stevewexler.wordslingers at gmail.com>> wrote:
>
>     It wasn't a 10x acquisition, but Dell-EMC pushed the boundaries at
>     least a little bit for the IT industry.
>
>     On Tue, 22 Oct 2019 at 16:23, Perlow, Jason via Ipg-smz
>     <ipg-smz at netpress.org <mailto:ipg-smz at netpress.org>> wrote:
>
>         Doesn't look great for the future of these things either
>
>         https://www.washingtonpost.com/business/the-leveraged-buyout-industry-is-starting-to-eat-itself/2019/08/06/3a01e192-b843-11e9-8e83-4e6687e99814_story.html
>
>         On Tue, Oct 22, 2019 at 3:42 PM Dan Rosenbaum via Ipg-smz
>         <ipg-smz at netpress.org <mailto:ipg-smz at netpress.org>> wrote:
>
>             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.
>
>             d
>
>             *From: *Ipg-smz <ipg-smz-bounces at netpress.org
>             <mailto:ipg-smz-bounces at netpress.org>> on behalf of
>             "Perlow, Jason via Ipg-smz" <ipg-smz at netpress.org
>             <mailto:ipg-smz at netpress.org>>
>             *Reply-To: *<ipg-smz at netpress.org
>             <mailto:ipg-smz at netpress.org>>
>             *Date: *Tuesday, October 22, 2019 at 3:28 PM
>             *To: *IPG List <ipg-smz at netpress.org
>             <mailto:ipg-smz at netpress.org>>
>             *Cc: *Jason Perlow <jperlow at gmail.com
>             <mailto:jperlow at gmail.com>>
>             *Subject: *[Ipg-smz] Asymmetrical Mergers
>
>             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.
>
>             I am going by this list and I cannot find any that are
>             comparable.
>
>             https://en.wikipedia.org/wiki/List_of_largest_mergers_and_acquisitions
>
>             -- 
>
>             *JASON PERLOW*
>
>             Sr. Technology Editor, ZDNet
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>     -- 
>     Steve Wexler
>     Wordslingers Ink
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-- 
Tom Henderson
ExtremeLabs, Inc.
+1 317 250 4646
Twitter: @extremelabs
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