Notice for All...

[novanutcase]

Originally Posted by barraza

Not trying to defend this fiasco but this just isn't true in the real world. In 1998, Martin Marietta was in the process of buying a division of Northrop Grumman. Obviously both huge companies. All the announcements had been publicly made, even the name was changed on my building, and the whole deal fell through. Big companies occasionally get it wrong, and the small businesses that make up the vendors we deal with are even more susceptible. Doing due diligence on a small business is always somewhat of a crapshoot, because many non-public companies do not have accountants on staff, nor truly audited books. A previous owner could have been hiding things that would not be found until a new owner delved into the actual workings of the business.

Hmmmm...strange...I've never heard of a company announcing they're the owners until they are but then again I don't know it all so you're probably right. Just doesn't seem sensible to me.

John