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Another measure of growing corporate confidence is the unsolicited or hostile deal.
"It's very hard to do a hostile deal in the U.S.," said Mr. Kindler of J. P. Morgan.
VF has made friendly overtures in Warnaco's direction for some time, but is disinclined to make a hostile deal.
KPN "never excludes anything," the spokesman, Marinus Potman, said when asked if the company would pursue a hostile deal.
No one would have thought a hostile deal like that would have happened between European companies, let alone a fight involving a German company.
One theory: In a hostile deal, the new management is freer to toss out the old and make other sweeping changes.
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"Forget about hostile deals," Mr. Spatt said.
Historically, hostile deals are hard to pull off.
Hostile deals have a high failure rate in exchanges.
Initial proposals in hostile deals rarely win acceptance, and this one isn't a knockout.
FINANCIAL TIMES Hostile Mining Deals Possible | Armed with plenty of cash but few options for new assets, the resource industry could be gearing up for some hostile deals.
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