A common problem in M&A reporting (which the author used to do sometimes, until it got too difficult) is how to handle stale deals. Speaking generally, it tends to be the case that when investors get wind of something non public that might be beneficial to the share price, such as takeover interest, they’ll want to see it publicised. But if people familiar with things insist the takeover interest is in the past tense, reporting it becomes a bit fraught. A lot of traders will buy on any story with the word "bid" in a headline then get mad at you when they reach "not currently" in paragraph three. Both the bidder and the target company will be mad at you for raking over old coals. Corporate flacks will be mad at you for writing a story, contrary to their off-the-record guidance that you
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A common problem in M&A reporting (which the author used to do sometimes, until it got too...