An average acquisition then: acquirer pays a premium to nudge the acquiree's boa... | Hacker News

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		rozenmd on Sept 21, 2023 \| parent \| context \| favorite \| on: Cisco Acquires Splunk An average acquisition then: acquirer pays a premium to nudge the acquiree's board to approve acquirer's shareholders that disagree with the deal sell, in anticipation of value destruction

airstrike on Sept 21, 2023 [–]

not so much "nudge the target's board to approve" as "allow the target board to approve"

a board that approves a 0% premium (barring unusual exceptions) will be sued to oblivion

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