GREY:WFEMF - Post by User
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StockExpertProon Oct 29, 2013 9:01pm
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Post# 21860192
Investopedia explains the definition of a 'Sweetheart Deal'
Investopedia explains the definition of a 'Sweetheart Deal'Woulfe Mining offered IMC a "sweetheart deal" and they still thumbed their noses up at it. Now this fiasco, continues for a 3rd year into 2014. This is like dealing with an unsatisfied wife who will never be happy. The current Woulfe Mining board of directors need to wake up and smell the coffee before the Febuary 2014 deadline or else they will be played like fools again. The company and shareholders will suffer the consequences if this scenario repeats again. Definition of 'Sweetheart Deal' A merger, a sale or an agreement in which one party in the deal presents the other party with very attractive terms and conditions. The terms of a sweetheart deal are usually so lucrative that it is difficult to justify turning the offer down. |
 | Investopedia explains 'Sweetheart Deal' This term can be used to describe a variety of deals, but in general, a sweetheart deal is a transaction that simply can't be passed up. For example, a merger may be a sweetheart deal for the top executives of the target firm because they get very healthy buyout packages. This kind of sweetheart deal is usually considered unethical, however, because it may not be in the best interests of shareholders. |