The First Hostile Takeover
James Macdonald: S.G. Warburg, 4 November 2010
High Financier: The Life and Time of Siegmund Warburg
by Niall Ferguson.
Allen Lane, 548 pp., £30, July 2010,978 0 7139 9871 9 Show More
by Niall Ferguson.
Allen Lane, 548 pp., £30, July 2010,
“... the success of the hostile bid by surreptitiously buying a significant stake in the company prior to launching a tender offer. It was not considered fair play at the time, and as the then prime minister Harold Macmillan suggested, the contest was ‘rather a “Gentlemen v. Players” affair’ – in which the professionals, as so often, won. The deal ... ”