Faculty News | Bloomberg News | 26 Mar 2013
Is the Dell Stub the Right Investment for You?: Real M&A
Re: Josh Lerner
“If you’re a shareholder and you felt that the deal was underpriced, you might want to hold onto your shares rather than giving them up,” Josh Lerner, a professor at Harvard Business School who specializes in private equity, said in a phone interview. “But clearly it involves making a substantial bet. With the benefit of hindsight, we know that Clear Channel struggled grievously subsequently.”

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