SELLING THE CROWN JEWELS
Selling the crown jewels is a term used to describe the action of companies selling off key assets to friendly third parties or spinning them off into separate entities as a defence against unwelcome takeover bids. The aim is to make their companies less attractive to predators trying to get valuable assets on the cheap. There can be other objectives, of course, some of them surprising.
This month France started to sell off the crown jewels represented by ...Continue Reading →