Many, many years ago.
My buddy married his childhood sweetheart who was the daughter of a man that owned a small, very small, manufacturing facility.
A Japanese Company made him an offer on it that was fair. They wanted a couple of Patents he had. They didn't really want the business, just the patents.
He farted around; tried to bargain and brought in a Lawyer and the Japanese walked. The Japanese don't play. For one thing, they HATE Lawyers (as all sentient beings should) and they don't dicker (bring your OL by and we'll dicker). I tried to tell him this without getting in his business but he wouldn't listen.
The business folded just 18 Months later. He went back to being a Lineman and his Wife made good money so they were okay. His FIL and their family had enough money to live well on for quite a while but still.......
You got to know when to hold 'em and know when to fold 'em.
In some cases, MANY cases, it's best to hold out. I've seen people sell way, way too soon. There are a myraid stories about people selling out too soon. But in this case, Chaz was too old to fight and my buddy, Ed, was too young to know what was really going on. Trouble witih Unions, an encroaching and STUPID City regulatory abomination, no real money for rexpansion and not much of a market for it.........
They should have sold.
The Japanese company ended up getting the patents for less than half their original offer.
It's not easy trying to time when to buy or sell. Timing is everything