So let's see. Leveraged buy-out of one or both businesses. Elliott* and other shareholders get a big payout, the businesses get loaded with debt, struggle to make a profit because of the interest, maybe get subject to another** leveraged buy-out and eventually fold leaving the creditors, largely those who lent for the ultimate buy-out, in the lurch. Bye bye WD. Have I missed anything out?
* Who always know better than current management of such a range of companies and must, therefore, be brilliant managers, so much so you wonder why they don't just start a few companies and run them so well they take over the world.
** How many did Maplin go through?
Biting the hand that feeds IT
