The short of it is that the shares were double counted, which led to a deal that was worth $100 million more than it should have been. I'm sweating just thinking about making a mistake like that in a model.
http://dealbook.nytimes.com/2014/10/17/an-oops-for-goldman-sachs-in-its…
go back to reddit
lol
My heart goes out to the individual responsible....
Given that consideration per share is the same (i.e. every shareholder receives the same amount for their ownership) after fixing this error, this is not a big deal. Will slightly change multiples, but by such a small margin that it doesn't matter.
Completely true but it would suck to be the guy who fucked that one up.
That poor analyst gonna get his nuts clipped.
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