Nice article that took the companies selling talking points to other companies and put it into an article. Too bad this view of B+L was not shared by the potential buyers of this company. The CEO wants to stay as the CEO of B+L forever. Why not? He already failed in that he could not sell the company at an amount that would make a profit for WP. Yet WP is keeping him. If failure is rewarded with a yearly million dollar plus salary why not stay. Pretty easy job.
As a B+L employee just make sure the company does not reach the value of a 10 billion dollar company and you will be able to keep your job for another three years. Success is rewarded with the failure of WP being able to sell your company and your job to a competitor that will not hesitate to eliminate your job.
Overall a silly company that now has proven to be irrelevant as no one will buy it and it is not good enough to bring to the market for an IPO. B+L certainly has not met the expectation of WP as if it did it would have been sold already. WP likely received an offer of around 8 billion. Best advice. Take the deal. Waiting will not make this company increase in value. Employees are waiting for the impending doom of losing their jobs when it is sold. Market share is not increasing. Risk of an economy that is slowing down.
Playing a game of chicken with the buyer to get a few more dollars in the sale will not work. B+L is worth something to them today. The offer may not be on the table tomorrow.
