“By far the most frustrating business transaction I have ever encountered. Our company have been engaged in a prospective acquisition for our patent in peripheral pumping technology. Their legal team are clearly used to delving into every fine detail, with a view of stalling and forcing a ludicrously low ball offer from the initial buyout figure agreed.
9 Months completely wasted, an initial figure agreed on the purchase of our technology was dropped by 65%. It's cost us deals with various other respected blue chip water providers, not to mention the amount in legal fees.
I wish to leave both myself & my companies details confidential, but let this be a warning to all other companies in both early stage & advanced stage discussions with Global Water Group, for any merger or acquisition.”