Nothing but negotiation

The Gap Partnership signs merger agreement with Glendon could be acquired by Glendon.

18 May 2012 may be considering hiring merger and acquisition consultants to assist in its intended tie-up with Glendon Group.

The two enterprises have signed a definitive merger agreement, in which would be bought for $0.78 (£0.49) per share in cash, or a 59.2 per cent premium over its closing price of $0.49 on May 16th.

Business negotiations were conduced on behalf of by a board of directors' special committee, which consisted of legal and financial advisors, as well as independent individuals.

This group gave a unanimous approval to the proposed transaction and the board of directors agreed with this decision, although one individual abstained due to a personal interest in the deal.

If the acquisition goes ahead, it should be completed in the fourth quarter of this year and Glendon has sufficient equity to complete the purchase. "brings together the fragmented supply and demand of excess jewellery products in a single online location", the firm claims.

Posted by Ken Hayes

Source: press release, May 17th

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more

July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more

April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more

February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more

December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more