10 Takeover Bids that Failed

Bangalore: If you look into the past, corporate raiders have hardly ever enjoyed success when it comes to takeovers. Organization culture and political issues could be the reason behind it. There are ample cases where the bidders chose to cash out on handsome profits rather than getting the management under control. Recently the hostile bid by Essel Group led by Subhash Chandra acquired 12.27 percent in IVRCL which has sparked speculations in the market. Moneycontrol.com has listed out few aggressive takeover bids that made news over the last decades.

Swraj Paul v/s Escorts, DCM Shriram

In the early-80s, UK-based NRI business tycoon, Swraj Paul made an aggressive bid for Indian companies Escorts and DCM Shriram, but had to ultimately backtrack due to political opposition. Recently Paul made a statement saying that India is currently the "most attractive" investment destination underlining that retrospective amendment of laws to bring into the tax net Vodafone-type deals will not have any long-term negative impact.