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And Arnold Weinstock was showing, with his controversial takeover of the electrical giant AEI, how to make takeovers work, even if that meant politically unpalatable closures and redundancies.
In theory, in a post-Brexit world, it is a simple matter to change the law to make takeovers subject to a public-interest test.
A spokesman for the ABI said requiring shareholders to vote by a two-thirds majority, rather than a simple majority as they do today, would make takeovers too difficult and provided too much protection to failing boards.
Now an "open skies" deal between the two, which will allow any airline from either side of the Atlantic to fly to any intercontinental destination from March 2008, is shaking up Europe's airline industry.One effect of the agreement, which will be signed in Washington, DC, on April 30th, is to make takeovers more likely.
Cognos's chief executive, Robert G. Ashe, who took over in June, wants to use the company's $420 million in cash to make takeovers and broaden the product range, which is needed to attract bigger companies and achieve a goal of reaching $1 billion in sales.
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Such measures include "poison pills", designed to make takeover targets unpalatable in the way, for example, that Gucci issued new shares in 1999 to escape from the clutches of LVMH.
Mr. Harteveldt said that the value of these travel search engines was such that portal companies, like Google, MSN or AOL, are likely to make takeover offers for them.
Low interest rates make takeover deals look easy.
Best Buy extends deadline for founder to make takeover offer.
Bond yields have been rising, making takeovers (which replace equity with debt) more expensive.
Encouraging shareholder capitalism in Europe, and making takeovers easier, might have persuaded global investors to put more of their money into the EU.
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CEO of Professional Science Editing for Scientists @ prosciediting.com