The disclosure dangers of dual-track offerings

Author: | Published: 1 Feb 2010

Employ confidentiality agreements and impose restrictions on how investors can use the privileged information.

The dual-track process is being employed in the UK by retailer Pets at Home, which has set a deadline of January 25 on bids for an outright sale of the company. If no offers are accepted, then the company’s owner, private equity firm Bridgepoint, is likely to revert to an IPO.

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