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Thread: Morgan to be bought by Italians

  1. #1
    Super Moderator Ian D's Avatar
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    Morgan to be bought by Italians

    An Italian investment fund is about to purchase a majority controlling stake in Morgan, one of the oldest British car companies still in existence.

    https://amp.theguardian.com/business...-motor-company
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    Senior Member mac_doctor's Avatar
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    Brings to mind the old "built by robots, driven by Italians" advert (from Not The Nine O' Clock News), for some reason!.
    Chris. T.
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    Senior Member Fraser's Avatar
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    I can see this ending badly. Most "investment" funds want a quick buck and out. The way it works is - take a big stake, (or all), by paying off shareholders with borrowed money. Pile in yet more debt and pay yourself huge salaries and dividends from that money. Get out using a public share offer. Company then collapses soon after under the massive debt burden.
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    Senior Member johnandhisjags's Avatar
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