5 Comments
User's avatar
Co-Business-Owner's avatar

Hi Mike, great analysis. Love the blog.

Do you think CLGX will be teken out at >$80?

Mike's avatar

Your guess is as good as mine. Not really my wheelhouse. I always felt Foley’s bid represented the rational range (low end), but then CLGX comes out with the $80+ bids disclosure.

The big risk is the initial bids are $80+ but the bidders start walking down the offer once they start getting access to the books and find flags during due diligence (see Instructure).

Paul's avatar

this is more a "teach you how to fish" blog than a "give you a fish" blog

Mike's avatar

Teaching is a newsletter. Giving is running a hedge fund. 😂

Co-Business-Owner's avatar

Still like the fishing lesson. :-)