Julian Jessop writes for City AM
In his article Julian argues that opponents have raised fears that the purchaser would saddle the company with excessive debt and undermine its pension fund. However, existing GKN shareholders are being offered a mix of cash and shares in Melrose. If the new managers did mess it up, these shareholders would suffer too. It should therefore be left to them to decide whether the deal is a good one.
Read the full article here.
Further IEA Reading: An Introduction to Capitalism