from the merger-of-two-dead-companies dept
Ryan Bethencourt writes “This has to be one of the weirdest stories I’ve read in a long time of business survival. In a spate of both a will to live and .com envy, a biotech company has merged with a funeral service provider that offers online services. If this one survives, it will be one weird case study!” Well, it’s really not that strange when you look at the details. Basically, the online funeral service provider wanted to backdoor its way into the public markets, and the best way to do that is merge with a public company that’s on the verge of going out of business anyway. Happens far too often. Almost never does any good, but it happens.