Quote:
Originally Posted by Fred
How did the negotiation go with PSA?
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It's subject to a NDA, so I can't get into details. Obviously part of the fun in my case is that it was an 8.5, and there aren't a lot of transactions at that grade. But they offered a number based on a premium above an 8.0. I countered with my own calculation of the value of an 8.0 and the amount of the premium. We honestly weren't that far apart, so we landed on a value that was in the middle.