Sentences with phrase «bear hug letter»

In Canada, a bidder interested in launching a takeover bid to acquire parts, or the whole, of a business will publish its intention either by posting a newspaper ad, delivering a bid circular appealing directly to the security holders, or, more typically, will send a «bear hug letter» to the CEO (and / or the chairman).

In choosing the deal team Sutton says she went by a formula she knows works: «You look for people who have been involved in the same types of situations in the past for these bear hug letters where you are asked to consider a complete purchase of the company in the first letter.