ETL essay_Essay - WPG, I think it would be a safe bet to...

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NBA 300 Weiss, Peck & Greer (ETL Case) WPG has respected the terms laid out by the ETL board. They have extended an offer of $23 per share. The last-minute complication that showed the recapture figure was  not $600,000, but actually closer to  $2,300,000 presents a puzzling yet intriguing  situation. It is my understanding that WPG is very interested in ETL, as they should be  due to ETL’s constant and steady growth. I believe that Darien Financial Services will  either keep their offer the same, or try to decrease it by citing Ernst and Whinney’s data.  Since neither one of these offers will be less desirable than the current offer by 
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Unformatted text preview: WPG, I think it would be a safe bet to say that WPG could ultimately acquire ETL by keeping their offer the same or even lowering their offer by $0.50 per share. ETL has proven to be a company with much potential in an untapped market. Their recent problems are due only to management conflicts and lack of cooperation. By changing the management of the company, ETL could continue to grow and WPG would stand to turn a sizable profit by going through with the LBO....
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