Mergers & Acquisitions
Nov. 23, 1999
Rising Stock Lifts Merger's Value into the Stratosphere
At first, Larry Weeks didn't think a recent merger of two online companies would turn out to be the most valuable transaction he had ever worked on.
At first, Larry Weeks didn't think a recent merger of two online companies would turn out to be the most valuable transaction he had ever worked on.
The merger of Digital Island and Sandpiper was originally a $630 million deal, according to Weeks. However, it ended up valued at more than $1.5 billion after the price of Digit...
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