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How Much is That Steel Mill in the Window?
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How Much is That Steel Mill in the Window?

Our Correspondent
Jun 18, 2008
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How Much is That Steel Mill in the Window?
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eco-steelmill

photo by Till Krech

If pride often goeth before a fall, it also often comes before profit. It has long been observed and measured that more often than not, acquiring companies overpay when they bid for other companies. The personal pride at stake in winning a bid invested by those who run the acquirer often account for more of the acquisition price prem…

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