Prof. Jayanth R. Varma's Financial Markets Blog

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Prof. Jayanth R. Varma's Financial Markets Blog, A Blog on Financial Markets and Their Regulation

© Prof. Jayanth R. Varma
jrvarma@iima.ac.in

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Sat, 14 Feb 2009

Takeover code exemption for Satyam

I was interviewed yesterday on NDTV Profit, UTV and CNBC on the new takeover norms for Satyam-like companies. The transcript and video of the CNBC interview and the video of the NDTV interview are available on their respective websites. I made the following main points:

While I did not explicitly mention it in the interviews, I was thinking of Wells Fargo offering a higher price for Wachovia after the regulators had sold it to Citi. Had the board been controlled by the regulator and had the shareholders also been shut out of the decision making, the Wells deal would obviously not have been possible.

Posted at 20:56 on Sat, 14 Feb 2009     View/Post Comments (0)     permanent link