Tuesday, May 01, 2007

Back-dating scandal groups at risk


Bad actions have consecuences. Not a bad thing!

Onésimo Alvarez-Moro

See article:
More than 40 US companies embroiled in the options back-dating scandal, including software makers McAfee and Novell, could be vulnerable to takeover by activist investors because of a side-effect of long-standing laws.

The new threat to some of the 140-plus companies involved in the options controversy comes at a time when cash-rich hedge funds and private equity groups are scouring the market for takeover targets.

See full Article (paid subscription required).