Hijacking Hertz Shareholders
Ford (F) doesn't need another PR problem right now. But that's just what it deserves after offering recently to buy out public investors in its Hertz car-rental unit for $30 a share. It's an abusively low bid--I'll explain why in a moment--that erodes Ford's credibility when the Explorer debacle demands that it instead rebuild public trust. To small investors, Ford's move also serves as a sharp reminder: Pick your business partners with care.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Racist Outburst Prompts Faber’s Exit From Three Company Boards
- Airbus Snaps Up Bombardier Jet in New Challenge to Boeing