Case Writeup 1 - Ben and Jerry's

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To: Ben & Jerry’s Board of Directors

From: Ramsa Nadeem, Advisor


February 16, 2024
Subject: Recommendation for Ben & Jerry’s Acquisition

Dear Board Members,

After conducting extensive research, this memo will go over the company I have chosen to
acquire Ben & Jerry’s.

Recommendation:

It is my recommendation that the Board accept the offer from Meadowbrook Lane Capital.
Out of all the offers presented, this company aligns the most with Ben & Jerry’s mission
statement- in terms of values, mission, and long-term objectives.

Reasoning:

Meadowbrook Lane’s offer stands out as the most favorable option for Ben & Jerry’s for the
following reasons:

1. Preservation of Independence: As shown in Meadowbrook Lane’s proposal, they


will allow Ben & Jerry’s to run an independent company under the Meadowbrook
Lane umbrella. This will benefit us because we will keep Ben & Jerry’s unique
culture and values, as well as enforce our social responsibility. These elements have
been crucial to our brand identity and marketing since the start of the company.

2. Financial Aspects: Meadowbrook Lane’s offer provides a competitive bid price in


cash of $32. This will uphold our promise to shareholders, and work in their interests.
It will be a profitable opportunity for our investors to realize high returns on their
investment in our company.

3. Maintaining our Social Commitment: Meadowbrook Lane will allow Ben &
Jerry’s to continue some of our social projects. This will allow us to uphold our
mission statement, because we strive for the improvement of not only our local
communities, but also the economy. Meadowbrook Lane’s effort in allowing us to
keep our social initiatives in place will help us uphold our reputation as a socially
responsible company.

4. Long-Term Growth: Even though Meadowbrook Lane will install a new


management team, it will allow Ben & Jerry’s to get new insight and even new
growth strategies. Meadowbrook Lane’s investment could provide resources to help
Ben & Jerry’s grow, while maintaining our traditional values.
Other Factors:

While there are other offers on the table, I feel as though they don't share the same values as
Ben & Jerry’s:

- Dreyer’s offer would allow Ben & Jerry’s to maintain the same management team,
but the bid price they offered would not benefit shareholders as much as
Meadowbrook Lane’s offer does.
- Unilever’s offer is financially lucrative, but it jeopardizes the social commitments
Ben & Jerry’s has in place.
- Chartwell Investments’ offer will let them have a minority interest. However,
Chartwell was unclear of their social commitments and wanted a new management. It
seemed to compromise the core values of Ben & Jerry’s.

Conclusion:

In conclusion, Meadowbrook Lane Capital’s offer is the most suitable option for Ben &
Jerry’s. They offered promising financial gains, while maintaining Ben & Jerry’s core values.
I would recommend the Board to consider this recommendation and make a decision that will
best serve the interests of all stakeholders involved.

Please reach out if you require any further clarification or information regarding this matter.

Sincerely,

Ramsa Nadeem
Board Advisor

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