It’s no wonder they are so keen to sell! The bosses milking millions from foreign takeovers | This is Money

Far from having any real motive to defend their company, Golden Sellout executives have every reason to put out the bunting when a bidder arrives.They may show some token resistance aimed at squeezing out a higher price, but usually it’s a matter of time before they are rolling over.Those that genuinely put up a fight, such as drugs group AstraZeneca, which repulsed a bid from US giant Pfizer, are relatively rare.Critics say the vast personal gains are encouraging the trend for British businesses to be gobbled up by foreign predators, to the detriment of the economy.

Source: It’s no wonder they are so keen to sell! The bosses milking millions from foreign takeovers | This is Money

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