At present Australia, and many other parts of the world, are transfixed by what used to be called leveraged buy-outs.
From our viewpoint, such activities do pose significant performance risks that may affect the future, even the very survival, of the target. However, there was an interesting article here in Fortune presenting a counter viewpoint.
In essence, the burdens imposed on public companies by compliance costs and short term performance requirements have become such that you can make a profit simply by taking the company outside the system. Makes one think!
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