Re: Typical Myopic story
Businesses that get acquired are of two kinds
Those that are dying themselves - so a shit show after isn't a surprise. All your examples are in this category.
Those being acquired for a ridiculous multiple such as this ARM acquisition.
Or put another way, a company with a good product at a fair price isn't going to be up for sale without the ridiculous multiple.
Which I suppose is at it should be? The dying business would go bust sooner.
Let market competiton deal with prices - just like walking to poundland did for the hayfever tablets.
The consumer benefits - via pension pot valuation and maybe transaction stamp duty?
Asset stripping and LBO are the things I think should be stopped - here it is neither yet.
The positive of Softbank is that ARM went on a *massive* hiring spree after the acquisition - it seemed fishy (I know some terrible political types that got hired). It looks like Softbank don't know what they are buying with their yen carry trade.