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Charter Bid Outcome Victory for Short-Termism, Schroders Says

Charter Plc’s refusal to discuss a possible takeover by Melrose Plc (MRO) and solicit another bidder is a “victory for short-termism” and a defeat for long-term investors, Schroders Plc (SDR) said in a statement today. Schroders said it was disappointed but not surprised that Melrose had withdrawn its offer.

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