MARC HASENFUSS: Straight Schütte targets Hulamin
Shareholders probably welcome the nearly 7% stake in the group of the rival metals trader, who says he wants to act as an expediter
04 July 2024 - 05:00
When a rival buys a shareholding in your company, should you be: A) fretful (of a hostile advance); B) flattered (by the recognition of your company’s potential); C) anxious (over the possibility of increased shareholder activism); D) all of the above; or E) none of the above?
I’d say for luxury brands conglomerate Richemont option E probably applies, with maybe B at a stretch. For aluminium products company Hulamin, I’d argue that option D might apply...
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