A Bear Hug Letter is a purchase proposal made by a prospective buyer to the target company for a transaction. There are usually two types of letters and they range in aggressiveness from “grizzly bear hugs” (public letters containing firm price proposals) to “teddy-bear hugs” (non-public letters).
It is also the name of my blog, I choose this name as an homage to my time as a practicing merger and acquisitions attorney. Also because I find it funny. I really enjoyed my time as an M&A attorney. I am writing this blog to stay close to M&A and the issues associated with it.
I hope you enjoy it.