Finding a strategic buyer could be an extremely lucrative path that the financial buyers can pursue.
One factor favoring secondary buyouts is that they can be completed more expeditiously than an IPO or a sale to a strategic buyer can.
One thing that Blackstone and Carlyle could do, should they purchase Gamestop, is to essentially repackage the company to be lucrative for a strategic buyer.
Pachter mentioned that Best Buy may be a good strategic buyer of Gamestop, primarily because of the synergies gained from entering the video gaming entertainment market.
That advantage is rarely larger than the synergies that can be wrung out of a business by a strategic buyer though, which is why private equity rarely bests corporate suitors.
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Cronyism and kleptocracy are waning in many countries, and midsize companies are starting to realize that they can sell to a strategic buyer for a better price with cleaner books.
Analysts have been expecting a takeover of Alltel for several months, and while a strategic buyer like Verizon (nyse: VZ - news - people ) may well have been able to achieve more cost savings than private equity buyers, rival suitors may have been put off by the fact that months of bid speculation had lifted Alltel's share price well out of reach.
This issue faces both the capital market buyside and the strategic Pharma buyer eager to find new clinical stage innovation.
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We feel that ICON has the potential to sell off a brand or the entire company to a strategic or financial buyer.
Keeping the old preferred shares in place gives any eventual buyer of Strategic the flexibility to make that call for itself.
Some are unique to the business, such as the strategic needs of the buyer or the existence of intangible assets such as patents and trademarks.
It already cut its dividend nearly in half and acknowledged it was looking for a buyer or other strategic alternatives.
There are scenarios in which the companies might approve a potential buyer, for example if the buyer could provide certain strategic advantages or significant resources, one of the people said.
It became the most important strategic partner, and not just a buyer of media time.
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After all, Syria is one of the few strategic partners Russia has left in the region, and a not insignificant buyer of our arms.
The buyer can offset the cost of these surprises if the acquisition delivers big strategic value.
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