Reply to "Global buysCOMDOC...yes you heard correct!"

quote:
Originally posted by Laxfan25:
What were IKON's annual revenues and what did Ricoh pay? Much less...


The difference there is that Ricoh was a publicly traded company. Their stock was in the can, so anyone with the cash could walk up and buy controlling interest for X (the price of the stock) times Y (total number of shares).

IKON basically had no choice at that point.

COMDOC, on the other had, was NOT in the can, was NOT losing money every quarter, etc. Plus, they were owned by the employees who had to vote to approve the purchase (meaning they could say no if they didn't like the $$).
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