Why is it that when companies are in extreme duress, such as being in the throes of sinking sales and fading profitability, that the way out so often devolves to selling the company? After all, if selling is a viable option, that means there is some entity that perceives more value in a challenged company than do its current owners. If a company really is in such poor condition that no entity is interested in buying it, then it will fade away. But in instances where a sale is possible, the ...
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