The kids do have their own war now, but not much of an antiwar movement, much less building takeovers.
The digital future, it seems, will be less a takeover of the physical world than a marriage with it.
The basic picture is that we've seen a more or less complete takeover of macro by an approach that hasn't remotely earned the right to that kind of dominance.
The possibility of foreign takeover could spur consolidation at home by prompting Eisai and other drugmakers to "bulk up by merger to become more competitive or at least less prone to takeover, especially by foreign takeover," thinks Casper Lawson, who heads the Tokyo office of Linklaters, a U.K. law firm specializing in M&A deals.
(Other protection comes from sheer size: Because Rotary Gallop capped investment by a hypothetical activist investor at $2 billion, very large companies like Wal-Mart and Apple are less vulnerable to takeovers).
Activists have thus become "governance intermediaries", who find underperforming firms and offer their managers and institutional shareholders "concrete proposals for business strategy through mechanisms less drastic than takeovers".So it is crucial, the authors argue, to pass reforms that help the activists do their job.
My firm's count of last year's buybacks and takeovers, less new stock issuance, was $585 billion, or 4.5% of gross domestic product.
Other potential explanations are less likely; male takeovers are highly avoided and the death of a male silverback normally results in the disintegration of the group and female dispersal.
David Hilal, an analyst at Friedman, Billings, Ramsey & Company, said the results made an Oracle takeover less likely.
FEW British companies look less vulnerable to takeover than Tesco, a supermarket chain that is no one's idea of a shrinking violet.
