Tactic of pursuing hostile takeover fails
As a follow up to the article “Cintas and UniFirst’s Visions aren’t Uniform,” the Cincinnati Business Courier reported Cintas has dropped its bid for UniFirst.
In my opinion growth can be pursued by other means than acquisition. I heard this proposed acquisition referred to as a “hostile takeover,” which indeed it may have. These takeovers were often pursued years ago, made popular in the film, “Wall Street”. They do more harm than good.
Further articles will pursue this idea of growth and options available that companies can use to pursue it. Once again, the end doesn’t justify the means here.
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Author: Robert Wilking
Hello,
I have been in the work world since 1980. Some companies I worked for were either independent or locally owned that no longer exist. Over the same time I have read and heard of stories of people who were employees of a company that was once independent, was then acquired by an outside larger firm and the company culture changed. In my opinion, consolidation by national and international firms has contributed to both the income divide in our nation and poor products/services expressed by customers. Local governments and businesses have also suffered as it becomes harder to deal with problems with management located hundreds of miles away or across oceans.
My purpose for this blog site is to inform the public about the consequences of such consolidation and to offer solutions to change the situation. I am not a business executive nor government official. I am not registered to a specific political party. I also provide links to articles that I read in order to back up my statements.
I also write on other issues that inspire me for a comment. However, the nation’s economy is my main focus.
Thank you.
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