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by amalag
3712 days ago
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>TPG has warrants to buy 20 percent or more of Chobani’s shares, depending on targets set in the original deal it struck. But that percentage would now be calculated from the 90 percent of the remaining shares, after the 10 percent given to the employees, essentially diluting TPG’s potential stake. How did that happen? How would the 10 percent given to the employees not be included in the 20% of the TPG contract? |
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From TFA: "He said that giving his employees a stake in the company’s success was among the terms he demanded when the deal with TPG was struck."