Fear and favour
The evidence is that foreign managers improve the British firms they acquire
FOREIGN acquisitions have a bad reputation in Britain. Before Kraft, an American food-processing firm, swallowed Cadbury, a British confectioner, in 2010 it pledged not to outsource work abroad. Just days after the deal was done, it reneged. Small wonder, then, that the probable takeover of ARM Holdings, a Cambridge-based tech company, by SoftBank, a Japanese one, has people worried.
This article appeared in the Britain section of the print edition under the headline “Fear and favour”
From the July 23rd 2016 edition
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