Tuesday, November 16, 2010
KWA's TIP OF THE DAY #6 - HOW TO EXECUTE A SUCCESSFUL CORPORATE TAKEOVER
A lot of people ask me: "I'm thinking about getting into corporate raiding. How do I pull this off successfully?"
It's a good question and it merits a good answer. Here's what I say to all the people who approach me with this very concern:
1. Offer $5 over the share price for a controlling share of company stock.
2. Acquire the company.
3. Fire the board of directors. Then rehire all but one of them.
4. Have the board fire 1/2 the company personnel.
5. Wait for stock price to rise (1/2 year).
6. Unload company.
7. Make a billion dollars!
Subscribe to: Post Comments (Atom)
Post a Comment