P arpanisam never dies :-((
Some Aiyar writes in TOI (16 Dec 2007) using Dalit community for dirty example.
// It means that a takeover target can spit in your face and say that mere association with you will be demeaning, leaving you looking like an oppressed Harijan. //
Why can't it be a oppressed some xxxx caste other than Dalit?
Why Tata should be more like Mittal
16 Dec 2007, 0010 hrs IST,Swaminathan S Anklesaria Aiyar
16 Dec 2007, 0010 hrs IST,Swaminathan S Anklesaria Aiyar
Ratan Tata says he is a nice guy who does not believe in hostile takeovers. But this has consequences. It means that a takeover target can spit in your face and say that mere association with you will be demeaning, leaving you looking like an oppressed Harijan. This is the situation Tata faces after being spurned in no uncertain terms by Orient-Express Hotels, the international luxury hotel chain.
Till now, Tata has negotiated several friendly global takeovers, ranging from Tetley Tea to Corus. However, his group ran into rough weather after Indian Hotels, its group company, wooed Orient-Express Hotels. Indian Hotels built up a double-digit stake in the multinational, and then proposed a strategic alliance. This looked like the first step in an acquisition.
Orient-Express bristled at the proposal. It declared that any association of its brands and hotels with a predominantly domestic Indian hotel chain would hurt its brand image and hit its ability to charge premium rates.
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.............News Courtesy: (All the glory goes to TOI)
http://timesofindia.indiatimes.com/articleshow/2625123.cms
