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So it would be considered bad behavior by management if we turn down a deal that does not meet our requirements? That is too funny!
Originally Posted by DALMD88FO
"If we turned it down, and if were successful in reengaging management on new terms, best-case scenario, we believe we might only gain a few percent more value. However, if it didn’t work, our downside risk was probably a few percent less value. This is because we’d reengage the company and likely get a version of this same deal later this year. However, we’d probably get skinned a few points of value in the process, so as not to reward bad behavior."So it would be considered bad behavior by management if we turn down a deal that does not meet our requirements? That is too funny!
No, it's not funny. It's insulting. That verbiage implies mgmt are adults and the pilot group is a bunch of children.
Given that is MEC's perspective (and it clearly is), it's little wonder they approved this TA.
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