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Hannah sat in front of her computer, conducting one of the many online searches she'd made that day. She was intent on finding out what was driving the merger between Maritech and AquaSonix, but wasn't making any progress. Whatever lay beneath the surface of the proposed deal didn't appear to have leaked online, but there had to be something somewhere.

An article on Bloomberg caught her eye. It reported that some AquaSonix shareholders had expressed concerns about the merger. This wasn't news to Hannah, but what was interesting was that the article quoted the words of one major shareholder, named as Charles Bradford. "The rushed timeline suggests we're not being told the whole story," Bradford had declared.

At last she had a break. Bradford was easy to find online and she noted that he had an office in the same street as Layton Moreby. That was convenient, as it was a location she knew so well. She drafted an email to him, explaining that she was conducting due diligence on behalf of AquaSonix shareholders, and asking if she could meet with him. He didn't take long to reply, happily agreeing to a meeting.

At his office, Bradford stressed that AquaSonix had always been a worthwhile investment and had provided good returns over the years. He was quite unconvinced about the merits of the merger for AquaSonix investors and told her it was Maritech who stood to gain from the deal. ...

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