So the part I've never understood is why companies accept these offer. Are we talking about hostile takeovers? Or just already-failing companies that accept the turnaround plan because they're short on options?
It looks like investors and the PE firm have obvious ways to profit here, but I can't work out what the company gets out of this.
It looks like investors and the PE firm have obvious ways to profit here, but I can't work out what the company gets out of this.