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The Business Lessons of the Belmont Stakes

Harvard Business Review

For example, an executive considering whether to acquire a target company will gather facts about the industry and target company, consider how the combined companies will perform, and come up with a value that shows the deal is good for the acquirer. When views are diverse, prices tend to reflect value reasonably well.

Beyer 14
article thumbnail

The Business Lessons of the Belmont Stakes

Harvard Business Review

For example, an executive considering whether to acquire a target company will gather facts about the industry and target company, consider how the combined companies will perform, and come up with a value that shows the deal is good for the acquirer. When views are diverse, prices tend to reflect value reasonably well.

Beyer 9