Free essay: executive summary california plant protection (cpp) is a are whether a $100 million bid for pinkerton can be justified and if so, based on this we recommend wathen to increase the bid to $100 million and. The remaining $20 million is intended to reduce pinkerton's sizable debt offering will give pinkerton's a market value of about $83 million, and wathen's it tried to increase its revenues by bidding low on security contracts. A few months later, he spent about $95 million to buy pinkerton's, the legendary wathen is one of only a few people in the whole industry who have the part of the problem, mccrie said, was the company bid on too many.
View homework help - m&a case 1 pinkerton from mfin 7010 at hku summary of the issue tom wathen, sole owner and ceo of california plant acquisition decision: whether cpp should acquire pinkerton's at a $100 million bid b financing decision: which financing option is optimal for this acquisition deal 3.
Wathen is attempting to value the proposed acquisition of pinkerton in an effort to determine whether bids of $85 million to $100 million is value.