By City AM reporter Dealmaking on the public markets can be a dense and confusing world. Firms court each other in the public domain; cryptic, flirtatious barbs are fired across the market, and bosses on either side try to size each other up. But what do their messages really mean? What is the hidden meaning behind the jargon? From Pac-Man defences to Ninja DD, head of UK public M&A at White & Case, Patrick Sarch, unpicks the knotty world of dealmaking and takes us inside the lingo of the deal. The Valuation lexicon “fundamentally undervalues” – the price is >15 per cent below what we would ac…