Public M&A EP33: The return of the bear hug

In this episode we discuss "bear hugs", that is where a potential bidder for a target goes public about its possible offer without the target board's consent and appeals directly to the target's shareholders.We talk about: 

• why a bear hug might be used by a bidder;
• where we have seen them used in recent months; and 
• why we are seeing more of them.