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Archives > Transaction Case Study 61
SOKOLOFF & COMPANY CASE STUDY:
DATE ANNOUNCED: January 30, 2012
SELLER’S FINANCIAL INFORMATION AND M&A MULTIPLES
Now, RuggedCom’s board showed they are thoroughly modern Millys and promptly adopted a poison pill – the long upheld method developed decades ago to fend off hostile takeovers – and the reason why most folks won’t waste corporate resources attempting a hostile tender offer strategy today.
So, congratulations to the RCM board, execs and bankers. They delivered a terrific payday to their shareholders. Shareholders on December 16th would have seen their stock appreciate 142% in a mere 45 days.
One last note - While Siemens may be perceived as overpaying, the RCM deal is a tiny blip on the screen of a $100 billion company who, if they did nothing else, could make the deal worthwhile by buying an RCM product for each of its 363,000 employees!
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