Reply To: Bust-up Takeover


Silman Ondrej Dia

Hi there,

As I understand a bust-up takeover is basically a leverage-buyout in which the buyer sells of target’s assets to pay of the debt used to finance the acquisition. Since the buyer has not strategic interest in the intended assets for sale, I believe there would be more interest in selling the given asset(s) as high as possible in order to repay the debt. A tender would therefore be more appropriate and should be given priority, unless the deal is pending upon a specific agreement to sale those assets to the previous board.

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