Liberty Mutual Blames Market for IPO Delay; Analysts Cite High Valuation

By and Jochelle Mendonca | September 29, 2010

  • September 30, 2010 at 8:15 am
    Bill Rempel says:
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    Welcome to the Market! Now that you’re here, let me explain the difference between “bid” and “ask” ….

  • September 30, 2010 at 10:49 am
    blue horseshoe says:
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    I heard from a reliable source that LM got wind of the fact that an unfriendly investor was lining up to pick-up a big chunk of this stock to get an inside look at the books. He is a former LM employee who went on to greener pastures in Private Equity investments.

  • October 1, 2010 at 5:36 am
    Telly says:
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    Hmmmmm, that would have almost been like a hostile takeover? Who would want to take over this crud? They way that their regional markets have been underpricing business for years, this book isn’t worth the paper it is written on. Lots of trouble looming, and that is another reason why investors backed off?

  • October 1, 2010 at 2:26 am
    GL Guru says:
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    In order for someone to create a hostile take over I think the public float needs to be greater than 20%.



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