Ethics of city take‐overs

Abstract

IN the autumn of 1967 I was actively concerned in the defence of AEI against the GEC bid. GEC made an offer to the AEI stockholders; the offer was increased twice; within six weeks from the first announcement a bare majority of the AEI stockholders accepted the offer. In this way, the whole future of AEI was transformed; the future of its directors and many of its officials and employees was changed; all its ordinary stockholders eventually became interested in another company; the structure of the electrical manufacturing industry underwent critical changes and the formation of the merged company precipitated other changes.

Citation

LATHAM, J. (1969), "Ethics of city take‐overs", Management Decision, Vol. 3 No. 2, pp. 35-37. https://doi.org/10.1108/eb000893