Yesterday PRH svp of M&A Manuel Sansigre, who has reviewed 100 possible acquisitions at PRH and closed 26, testified on the details of developing PRH’s bid and “efficiencies model” for S&S. His testimony resumed Tuesday morning. When Viacom announced the sale of S&S in March 2020, Sansigre’s team began creating an efficiency model—analyzing duplications between the two companies—(and continued even when the sale was on pause through the spring and summer due to COVID) with publicly available info about S&S. Around Labor Day 2020, Viacom restarted the sale process and gave Sansigre access to raw S&S data—“P&Ls by country, by […]