M&A targets can get stiffed when they “go shop”

May 23, 2014

The tactic of seeking bids after signing up a buyer is meant to ensure top dollar. More often, it leads to low offers and sale prices, new research shows. Deals like Media General’s buyout of Lin Media suggest sellers are wising up, though, portending better value for investors.

BMC deal shows how activist playbook brings profit

May 6, 2013

Elliott Management has pushed another tech firm into a sale - this time BMC for $6.9 bln. The 2 pct headline premium seems tiny. But the stock is up more than 30 pct since Elliott began agitating. Success followed careful target selection and persistence with Plan A - and Plan B.