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Hostile action

28 November 2004 By Hugo Dixon

There has been a rash of hostile action: Xstrata/WMC; Harmony/Gold Fields; Melrose/Novar; EADS/Thales; Bollore/Havas. The reason? Predators want bargains but targets don t want to sell on the cheap. Investors, though, may have a different view from managers.

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