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Compact case
Case
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Reference no. 108-011-1
Authors: Sophie Manigart
Published by: Vlerick Business School
Originally published in: 2008
Revision date: 28-Sep-2012

Abstract

On 15 December 2007, Sammy Lasseel was facing an important decision that could change his life, but he had to act quickly. He joined Basic Textiles last year as CEO, with an option to buy the company within the year. The current shareholders have given him an ultimatum: Sammy had the opportunity to buy the company for 4 million euros, but he had to decide before Christmas. If he declined their proposal, he would be fired as CEO as from January 2008 onwards. Sammy first had to decide whether he was willing to pay 4 million euros for the shares. If so, how could he finance the takeover?
Location:
Industry:
Size:
Small to medium-sized enterprise (SME)
Other setting(s):
December 2007

About

Abstract

On 15 December 2007, Sammy Lasseel was facing an important decision that could change his life, but he had to act quickly. He joined Basic Textiles last year as CEO, with an option to buy the company within the year. The current shareholders have given him an ultimatum: Sammy had the opportunity to buy the company for 4 million euros, but he had to decide before Christmas. If he declined their proposal, he would be fired as CEO as from January 2008 onwards. Sammy first had to decide whether he was willing to pay 4 million euros for the shares. If so, how could he finance the takeover?

Settings

Location:
Industry:
Size:
Small to medium-sized enterprise (SME)
Other setting(s):
December 2007

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