It begins with the best intentions. A company that has outgrown its home market turns its thoughts to opportunity overseas. Its bosses pick their preferred takeover target, invariably pay over the odds to buy it, and sit back to reap the profits and the kudos that go, or so business schools tell them, with being an international business.
It often ends in tears. When Allied Irish Banks bought First Maryland, a small US bank, in...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team