Patience pays off for firms that say `no’ to suitors


Groupon’s decision not to sell to Google last year might be a good omen. A New York Times article relates several recent examples of companies that have resisted takeover offers and watched their stock rally far beyond the buyout offer. Canadian-based Potash Corp., which considered a $130 share offer from BHP in November, saw its stock top $190 last week, the Times reported.  Other companies have had similar success, and given recent indications about rising consumer confidence, higher valuations are likely.