When M&A goes wrong

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 24 April 2024

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

When a company is sold there tends to be a standard playbook: There’s some tough negotiations. Then, the buyer gets a business and the seller gets a check. Everyone’s happy. That’s not what happened when a private equity firm recently bought a California grocery store chain. The FT’s Wall Street editor Sujeet Indap explains how the deal went off the rails, and how the supermarket’s owners might end up paying millions of dollars to sell their company.

Clip from KCRA

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For further reading:

The inequity method of accounting

Opposition shadows Cerberus windfall from Albertsons supermarket deal

The pool is closed, part 1

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On X, follow Sujeet Indap (@sindap) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Can I show this data?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:28.0	AI and take action today.
0:30.7	Today I want to talk about M&A, that's mergers and acquisitions. Now to do this, I'm going to dive
0:37.6	into a bit of a hypothetical situation here, where I've spent years not covering financial news, but rather making and selling the best pizza in New York.
0:49.0	Now I called in the FT's Wall Street editor, Suj in Dap, to help me with the next part here.
0:54.9	So, Sujit, let's picture this.
0:56.8	I have this pizza restaurant that I've built up and I've run it for years.
1:02.2	Everyone loves my pizza.
1:03.5	I'm really proud of it.
1:04.6	But now I'm done with that.
1:06.2	I want to sell it.
	...

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