Is that your absolute best offer?

Is that your absolute best offer?

Three guys from Detroit go into a Washington showroom. They check out the goods, like what they see and make an offer.

$25 billion.

They get rejected. “No can-do,” says the salesman. 

The guys go home, re-group and come back a couple weeks later and make another offer.

$34 billion.

“Whoa-boy,” says the salesman. “I’m not so sure my manager will go for that. I’ll try, but I don’t know if I can get that kind of financing. I’m going to have to go see if my manager will go for this sweet offer.  But I make no promises.”

He leaves. The three guys wait nervously.

Buying an industry is a pain.

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