Tech Updates

United Grommets to buy United Widgets

 

ver wondered why news of those “secretive” merger talks between United Grommets and United Widgets leaks out? Cass Business School has a theory, as Martin Waller explains.Image result for United Grommets to buy United Widgets

Leaking information on mergers and acquisitions before any public announcement adds an extra $21 million to the average price at which that company is taken out, according to research by Cass and Intralinks published overnight, which gives United Grommets (and its advisers) good reason to ignore that Second World War advice to “keep mum”.

The research also reveals that ambitious financial journalists (and insider traders) should head to India, where 16.7 per cent of deals were leaked last year.

 

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