In the Canadian Press article, “Rebounding Stock Markets
Linked to Spate of Hostile Takeover Bids,” Kristine Owram
interviews Perry Spitznagel about the relation between recovering
stock markets and the refusal of target companies to sell at market
low prices. Perry comments, “more and more targets are
rebuffing the advances of buyers, it's probably because
there's a disconnect between the perceived value of the
targets versus the value equation for the buyer.”