Tomato Can Posted May 9, 2020 Share Posted May 9, 2020 When a company is waaaay in the red financially, they often will respond to a take over attempt with "not in bad enough financial position" and not be willing to sell, but when a company in very bad financial situation says "___ is not interested in selling up" what does that mean? I understand when they do not want to sell to a smaller company, but "selling up??? Quote Link to comment Share on other sites More sharing options...
Bull Posted May 9, 2020 Share Posted May 9, 2020 I think that is simply the owner not wanting to sell, as in they'd rather go down with the ship than let someone else save it. . Quote Link to comment Share on other sites More sharing options...
Makhai Posted May 9, 2020 Share Posted May 9, 2020 People forget that Adam is from across the pond. - sell up. British. : to sell one's possessions, business, etc., especially in order to move away. They were forced to sell up and go out of business. Quote Link to comment Share on other sites More sharing options...
Eastshire Posted May 9, 2020 Share Posted May 9, 2020 Who knew? I've never heard that one before. Quote Link to comment Share on other sites More sharing options...
Gabriel Posted May 9, 2020 Share Posted May 9, 2020 I'm not sure if it works the same in 2020, but the only time that I ever got that message was when I was trying to purchase a company that was more popular than my own. I believe the meaning is that the company does not want to sell to someone they deem beneath them, and would rather wait for a better deal or sink the ship. Quote Link to comment Share on other sites More sharing options...
neslo024 Posted May 9, 2020 Share Posted May 9, 2020 I always took it as a company that has more popularity in their region than you do and are bigger in general ( I ran into this recently trying to purchase a regional company with my small company in 2016 but once I went to regional they sold to me) and don't want to give you their popularity when you shut them down. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.