“I don’t know of any worthwhile, redeeming...
“I don’t know of any worthwhile, redeeming feature of a hostile takeover.”
--Sen. Terry Sanford (D-N.C.), sponsor of a Senate bill restriction corporate takeovers.
“It is a misnomer to call such a takeover effort hostile; incumbent shareholders are usually happy to sell their shares at a premium to the acquiting firm. Frequently only the incumbent managers are hostile, and that is often because they expect to lose their jobs if the takeover succeeds.”
--Daniel Oliver, chairman of the Federal Trade Commission
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
