Virtual deals
Once upon a time there were only good deals and bad deals. Now there are also virtual deals. Just think of Hugh Osmond, a 41 year old Briton with an eye for opportunity, who attempted to take over Six Continents, a troubled hotel and pub giant in February. For several weeks he grabbed newspaper headlines as he thought aloud what he would do if Six Continents’ shareholders decided to sell the group to him lock stock and barrel. That way he virtually tried to prevent the world’s biggest hotels and pub group from splitting into two - the proposed solution by Six C’s boss Tim Clarke and his management to produce shareholder value.
Behind Six Continents lie years of appalling performance. Compared with its peers it has done badly.6 billion.
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