Undervalues

A group comprised of Newgame and Bruellan called the offer 'inadequate', arguing it 'significantly undervalues' the company and criticising its exclusion of GAM's fund services arm, which will be offloaded as part of the agreement.

For investment firms, privatization makes sense when they believe the broader market undervalues a company or that their influence and ownership of a company can help expand it.

The snubs show Hollywood still undervalues Black creatives, especially Black women.

But Mission said its board unanimously rebuffed the approach, which it said was "opportunistic and significantly undervalues the group and its prospects".

IDS confirmed that it had considered the offer but concluded that it “significantly undervalues IDS and its future prospects” and therefore the board unanimously rejected it on April 11.

The higher offer valued the business at around £3.1 billion, but Direct Line said it thought the bid was "uncertain, unattractive, and that it significantly undervalues" the firm.

Carl Icahn and Darwin Deason have come out against Xerox Corp.’s plans to cede control to Fujifilm Holding Corp., arguing the deal “dramatically undervalues” the company.

Qualcomm has said that each of Broadcom’s bids undervalues it and has also cited regulatory concerns.

The company has been fighting off a hostile takeover bid from Melrose and says that the offer fundamentally undervalues the firm.