See: Takeover.
Someone who's really good at taking over companies. What makes them good? Well, there are really two elements here. The buying comes first. Can they find the right fragile company that's stumbling, thanks to bad management? Or is fighting upstream in an environment now heavy with tech, but where they're not equipped to fight? Maybe they have blocks of angry frustrated shareholders and insiders who, for a modest premium in stock price, would sell out enough blocks of stock so that the takeover artist now controls the company.
So the buying is a combo of gentle massage and axe-murdererness, with gentle threats and FUD-wringing all over the place. That's the first part. The second is the operations of the company, performed way better after it's been bought. Like...does the artist know how to deal with long form union contracts? Can they source from Mexico and China and save 500 basis points in costs? Can they refinance debt from the Germans on better terms? Can they technologify things and make the product hip and cool again, so that stores actually want to stock it without big checks upfront?
That's all part of the art, yes, The art of the deal, more or less.
Related or Semi-related Video
Finance: What is a poison pill?4 Views
Finance allah shmoop what is a poison pill O romeo
romeo Wherefore out the ac Well if you can't have
me nobody can have me pill lug dead dead alright
that's poison pill allah romeo and juliet and performed by
your friends here and the corporate version Well it isn't
all that different In fact there are really two flavors
of poison pill flintstones chewable lt's called flip ins which
allow current shareholders to buy a ton more shares at
a big discount toe where their shares are currently trading
flippen like if the shares are at forty bucks each
current shareholder than gets allowed to buy five shares for
ten bucks each for each share that they currently own
and have owned for the last in a year About
that would be a flipping well this flip in process
dilutes the company dramatically making it harder for an outside
takeover soldier to come in and you know just buy
the company that's a flip in the non chewable flintstone
flavor that you have to actually swallow is called ah
flip over which comes is a mandate from the board
allowing current shareholders to buy the shares of the acquirer
After the merger at a big discount it basically destroys
enormous value in the combined company making It tastes like
a bitter moth to ah hungry bat so you know
he spits it out The basic idea in these poison
pill defense strategies is to deal with hostile takeovers And
a lot of those came during the junk bond era
in the nineteen eighties when cheap high risk capital was
liquid Lee easily available almost anywhere and companies felt vulnerable
to short term quick buck wall street sharpies who looked
great in a dark suit and usually had awesome hair
So yeah people for details carefully watch wall street the
first one the good one the one with michael douglas
when he still had hair and what you don't really 00:01:54.212 --> [endTime] hear there is he said Shmoop is good yeah
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