This case is being investigated as insiders can expropriate value from shareholders in emerging markets, where property rights are poorly defined. As such, it provides a platform for the question of how institutions and legal rules impact financing patterns and economic outcomes. CME, the former U.S. ambassador to Austria, Ronald Lauder and his Czech partner managed to win the bid for the first private transmission frequency with national reach in the Czech Republic in 1993. After the company succeeds dra … Read more »

This case is being investigated as insiders can expropriate value from shareholders in emerging markets, where property rights are poorly defined. As such, it provides a platform for the question of how institutions and legal rules impact financing patterns and economic outcomes. CME, the former U.S. ambassador to Austria, Ronald Lauder and his Czech partner managed to win the bid for the first private transmission frequency with national reach in the Czech Republic in 1993. After the company is successful dramatically, the primary Czech partner wants its share of the operating company for sale. CME has to decide whether to buy the shares and at what price.
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from
Mihir A. Desai,
Kathleen Luchs,
Alberto Moel
Source: Harvard Business School
13 pages.
Publication Date: Feb 10, 2004. Prod #: 204118-PDF-ENG
Czech Mate: CME and Vladimir Zelezny (A) HBR case solution

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