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|Subject: Re: RON PAUL: The Federal Reserve Debt Engine||Date: 4/27/2004 11:51 AM|
|Author: pauleckler||Number: 10033 of 35272|
Loki, I love your comment about "non-achievers" "monopolizing wealth and power."
Are you following the Aventis, Sanofi, Novartis situation?
When Hoechst (the worlds largest chemical co, and German at that) merged with Rhone-Poulenc (French national chemical company), and both spun off their chemical operations to form a drug company, they located in Strasbourg, France, which happens to be on the border with Germany and in a region that has frequently switched sides over the years. So both French and German are common languages there. In a sense its sort of no mans land. Ideal for a merger across borders you would think.
But they had no idea I suspect that the French govt would claim control of the combined company. And they aim to keep it French.
Its about wealth and power. Its not about shareholder value. This morning the govt has endorsed Sanofi's increased offer even before Swiss Novartis had a chance to assemble a bid. The bidding war is over before it began.
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