Stay Cool Pty Ltd

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Has anyone attempted this case ? STAY COOL PTY LTD: A PRIVATE COMPANY TAKEOVER It is just before Christmas 2005 and Barry Builder i Document Preview: STAY COOL PTY LTD: A PRIVATE COMPANY TAKEOVER It is just before Christmas 2005 and Barry Builder is still trying to come to grips with his eldest daughter’s death in a car accident. His best mate, Carl Chiller is doing his best to provide Barry with support and it seems to be helping. Nevertheless, the pair’s refrigeration business, Stay Cool Pty Ltd, is suffering because Barry’s heart is no longer in it. Both Barry and Carl agree, as do their wives, that the Builders need a change of scene. Carl himself is starting to feel a little ‘stuck in a rut’
each day just a repetition of the last. Over the last six months there have been a number of informal nibbles from competitors about whether Stay Cool might be available for sale. Up to now Barry and Carl have swiftly rebuffed all of these approaches. However one suitor has been quite persistent, Refrigeration Pty Ltd, owned and operated by an old mate of Carl’s. Barry, Carl and their wives sat down last Sunday and talked through what they should do. They decided to put the firm on the market and see what offers they could get. They all understood the risk they were taking
once they ‘opened the kimono’ to their competitors any competitive advantage they might have would almost certainly be lost. However, they all thought this was a risk worth taking. The decision was made that Carl should talk to his Refrigeration Pty Ltd mate in the first instance, with a view to a possible friendly takeover. Barry Builder and Carl Chiller became friends when they were both working for a large refrigeration company. Barry was an engineer by training and was employed as a production manager. Carl was a sales supervisor. Both had more than fifteen years experience in the refrigeration business. Neither Barry nor Carl was particularly impressed with their employer's business strategy or management skills. After many discussions, and considerable research, Barry and Carl decided to set up their own refrigeration company. They commenced... Attachments: 108722-1-Stay....pdf Jul 25 2013 03:16 PM

 

Solution ID:609076 | This paper was updated on 26-Nov-2015

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