"When Bain borrows all of that money from the bank, it's the target company that ends up on the hook for all of the debt." WTF? How... what?
@nothings @renderwonk They don't have to do anything fancy. The "shareholders" just vote to pay distributions to the parent company.
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@cmuratori but the parent company only has a controlling interest - isn't this hosing minority shareholders?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@cmuratori@renderwonk Well, legally, a hostile takeover is a risk you take by not keeping 51% of ownership, and that's all there is to say. -
@nothings@renderwonk That's exactly it. - Show replies
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@cmuratori@renderwonk The extra screw that comes from the debt from *leveraged* buyout seems totally nuts, but I guess <50%, all bets off.Thanks. Twitter will use this to make your timeline better. UndoUndo
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