RE:RE:RE:RE:RE:RE:RE:CRH's Acquisition Disclosure
Johnny, in my view, one of the signs of a well-run company is good transparency and disclosure practices.....
Poor / secretive behavior concerning basic information like refusing to inform shareholders / other market participants of the price being paid for acquisitions at the time of its announcement is not what good companies confident in their operations do in my opinion.....
A good recent example is CIBC…..
They made three agreements with PrivateBancorp management to purchase the company (each time at a higher purchase price), and announced the price being offered on each occasion to keep their shareholders and other interested parties abreast of what they were doing and the compensation being offered….. U.S. banking is one of the most intensely competitive sectors in all of North America, so if players in any industry would want to keep information quiet because of concern over informing their competitors or other target companies, it would be here…..The reason companies in this sector don’t is obvious to me: There is nothing of significance to be gained from refusing to divulge compensation being paid on a purchase at the time of its announcement if management is running a company properly, and being open about how much a company is paying to make a given acquisition shows respect to shareholders who, after all, are the owners of the company and have the right to know how much the company’s management is paying when purchasing another entity when such an announcement is make…….