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Your Next Project Starts with BrownstonerMost Recent Articles
Need a Hand?
Your Next Project Starts with Brownstoner
I am British, not European.
My parents, aunts and uncles were great ballroom dancers.
“so you think it’s the smelly Europeans that are influencing Americans to not wash?”
I blame etson for this.
I used to work for a great vintage clothing store in Soho and the owner was married to a very famous German author whose family came for a visit. They literally stunk up the store and the clothes they tried on? Had to go out to be drycleaned immediately. It was horrible. We were holding our breaths til we turned blue in the face. They didn’t look dirty, they were wealthy, their clothes looked clean but the strongest underarm odor I ever had the misfortune to get a whiff of.
That’s why the securities laws and case law define various classes of insiders, generally officers, directors, 10% shareholders, outside lawyers, accountants and investment bankers on the deal. Not hard and fast since other people may, by virtue of their positions, be privy to material non-public information and be treated as insiders for insider trading purposes, including the secretary in jackal’s earlier hypo, and, I believe, the janitor who fishes a draft term sheet from the trash and then trades on it.
hey folks,
benson,
I used to treat a patient from Brooklyn Heights who
went to Roseland regularly for ballroom dancing.
She was in her 70’s and a widow.
Always well dressed and very well mannered.
…she got a kick when I told her I went to
Roseland to see the Foo Fighters concert.
“Generally speaking, you don’t announce before you have a signed deal in hand unless something forces your hand.”
And yet there’s a story today about IBM approaching Fortinet.
I think once someone approaches you, unless you feel it’s a super sweet deal and have inside knowledge of your own books and the valuation of the offer (which you do and should be able to tell that the offer is rich) , you make the approach public in hopes of getting higher bids for your shareholders.
“By CGar on November 1, 2010 10:32 AM
You could change the scenario to 2 junior associates on a MetroNorth passenger train who happened to notice “suits” in the adjacent freight yard and made the same guess as the rail workers, and, much as I loathe lawyers, I wouldn’t prosecute them either.”
I disagree. The law conclusively presumes junior associates to be incapable of putting two and two together.
Rob – I didn’t think of you b/c you are smelly – I thought of you b/c I think you would have made fun of every person in that article and say something silly about them – that’s all!
haaa