Quote Originally Posted by Harvey Specter View Post
I would have though the opposite. More than 50% of the risk is being passed to BGR and KMD holders benefit from the diversification of retail brands than BGR has.

Also, shareholders in KMD can either put their faith in a brand new CEO or in Duke who, while new to KMD, has significant experience in NZ retail.

Fundamentally cash offer = takeover company takes on risk synergy risk, while share offer = target company takes on synergy risk.