In my opinion, the stalemate/ deal collapse should probably be valued as less than you calculated.
the founder might open a similar business (that requires little capital to setup, as you mentioned) and you'd be left owning a company with a slightly more intense competition it had before Aug 1st, and with a leadership change.
Any updated thoughts following the SC 13E3 filing?
A few scenarios in my mind; a) Hillhouse to dissent and litigate or b) make their current bid binding or c) give up, take the $1.25 and move on
what are you thinking?
thanks for sharing !
In my opinion, the stalemate/ deal collapse should probably be valued as less than you calculated.
the founder might open a similar business (that requires little capital to setup, as you mentioned) and you'd be left owning a company with a slightly more intense competition it had before Aug 1st, and with a leadership change.
still probably a good short term bet.
Thanks for shedding light on the Gan Jiawei situation, now it makes sense why HH's new bid came after the definitive agreement was reached.