Description
This is the dramatic story of three of the great takeover battles of the 1980s: Carl Icahn's three-month dogfight for control of TWA, T. Boone Pickens' failed bid for Unocol, and Sir James Goldsmith's triumph over Crown Zellerbach.
In a brilliant feat of sustained reporting, Moira Johnston takes us inside the rarified world of multi-billion dollar deals and shows how the alchemy of turning undervalued assets into gold through hostile tenders, proxy fights and leveraged buyouts has been refined to a science. Here, vividly described, are the investment bankers, lawyers and arbitrageurs, institutional investors and PR men - and the raiders themselves, depicted at close quarters and in merciless relief. Here, too, you will meet the new language of greenmail, poison pills, and golden parachutes. Never before have the risks, rewards and sheer human drama of the takeover wars been documented with such inside knowledge and understanding.
