All-time low valuations and fewer defenses against unsolicited bids will lead to more hostile deals in 2009. But according to Jim Woolery, a partner with Cravath, Swaine & Moore LLP, much of that activity will take place outside of the public arena. In this edition of Inside The Deal, Woolery tells Suzanne Stevens that an uptick in stock deals will result in more private bear hug hostile transactions, in which a seller is approached privately with an unsolicited offer designed to force the target to engage. See the video after the break or download it at
iTunes.
- Maria Woehr
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