Microsoft Outbids Quadrangle Private Investment Fund by $60 Million for Greenfield | Profy | Internet news and commentary

Svetlana Gladkova writes in her blog about Microsofts purchase of the European Greenfield.

Microsoft Outbids Quadrangle Private Investment Fund by $60 Million for Greenfield | Profy | Internet news and commentary: "But what is really interesting to me is that I have found a press release on the Ciao press page dated June 17, 2008 stating that Greenfield enters an agreement to be acquired by private investment firm Quadrangle Group LLC. In June the price the investment firm was supposed to pay equaled approximately $426 million (at $15.5 per share while Microsoft will now pay $17.5 per share). Earlier this week (on Tuesday) Greenfield Online announced that it had received a superior offer and was going to terminate the agreement with Quadrangle.

Svetlana reports: "I have no first-hand information on why this transaction has not been completed and why the company stayed independent to be sold to Microsoft only a little over 2 months later at a price increased by $60 million. I can imagine Microsoft advisors noticed the announcement of the deal and came up with a higher price once they saw a value in this shopping-related search for the Redmond-based corporation. This is nothing but a guess of mine but it may show that it is wise to announce all the planned acquisitions as loud as possible to get a chance of receiving a higher bid."

Helge: I've decided to report about private investment firms and funds while we are looking for Finnish industrial enterprises in the field of wellness, healthcare, and engineering. Biotech, bioenergy and high-tech SME's belong the focus groups. More about this at KK-Net's Ning platform: http://kknetwork.ning.com/
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