Summary
Sandy Crombie's Standard Life has limped off the battlefield, leaving the zombie fund manager Resolution to fall into the arms of Hugh Osmond's Pearl for Pounds 5 billion.
Defeat after a well-fought campaign would be bitter enough, but Crombie and his troops made blunder after blunder in their assault - not to mention the fact that the entire opportunistic tilt followed sanctimoniously repeated assurances that Standard Life was determined to expand organically in its new incarnation as a public company rather than by acquisition.See the full content of this document
Extract
The Battle Lost,Standard Must Fight for Its Life
Crombie, a Standard lifer and by all accounts an honourable man, appeared out of his depth in the cut and thrust of the takeover tussle. This was in contrast to the mettle he had shown when he stepped ...
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