Chapter 9 - The proposed merger
Gary had connected Bennett Home & Garden with a private investment group called:
Midland Retail Partners.
Midland wanted to acquire a controlling interest.
Not steal the company.
Buy it.
The proposed deal valued the business at:
$286 million.
Some shareholders liked it.
Others did not.
Samuel believed the offer undervalued:
Company-owned real estate.
Distribution properties.
Future e-commerce growth.
Gary supported the deal.
Why?
His renovation company had received a conditional proposal from Midland.
If the acquisition closed, Gary’s firm could become a preferred contractor for approximately:
Twenty store conversions.
Estimated potential contract value:
$14 million over three years.
Not guaranteed profit.
Still meaningful.
May you like
Suddenly my eighteenth birthday mattered financially to him.
And the green-painted papers showed exactly how far he planned to go.
