http://blogs.law.harvard.edu/corpgov/2007/05/21/go-shops-with-matching-rights-and-reimbursing-topping-bidders/ Sponsored by the HLS Corporate Governance Program Thu, 05 Nov 2009 16:01:21 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://blogs.law.harvard.edu/corpgov/2007/05/21/go-shops-with-matching-rights-and-reimbursing-topping-bidders/comment-page-1/#comment-2995 Andrew Shapiro Thu, 07 Jun 2007 15:41:58 +0000 http://blogs.law.harvard.edu/corpgov/2007/05/21/go-shops-with-matching-rights-and-rei#comment-2995 In my opinion, while an excessive break-up fee and expenses more clearly hindered latest round of bidding, having such a reimbursement right in the National Home Health Care (O-NHHC) agreement with Angelo Gordon/Insiders would have brought out a higher initial price from AG and a still higher priced additional round of bidding from strategic buyer, Premier Home Health Care. In my opinion, while an excessive break-up fee and expenses more clearly hindered latest round of bidding, having such a reimbursement right in the National Home Health Care (O-NHHC) agreement with Angelo Gordon/Insiders would have brought out a higher initial price from AG and a still higher priced additional round of bidding from strategic buyer, Premier Home Health Care.

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