She warned that “transient shareholders … are not the only people with an interest when firms are sold or close. Yet a real test of her words has emerged in the City, where a £7bn hostile battle appears to pit financial engineering against real engineering. The UK is too hospitable to hostile takeovers. Mrs May should trust her instinct that the shrinking of manufacturing coincided with the emergence of a more divided Britain. Other nations offer firms a degree of protection from hostile takeovers without damaging investment flows.

Source: The Guardian February 06, 2018 18:22 UTC