The way this situation played out, it is clear that the family shareholders of Tata is not solely interested in the interests of their shareholders.
There are clearly other priorities here, saving face, personal pride, nationalistic pride!
Other shareholders need to keep this in mind whenever they decide to open up to outside capital. Their interests may not be paramount.
I´ll bet you won´t see that fully described in the in the prospectus.
Onésimo Alvarez-Moro
See article:
Tata Steel was forced to pay “very close” to its top price for Anglo-Dutch steelmaker Corus and had almost to decide between the good of shareholders and India’s national pride, Ratan Tata, chairman of the Tata group, said on Friday.
Mr Tata also said the group would focus its restructuring efforts on the UK operations of Corus and that its next major push was likely to be in the motor industry.
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