Even if we wanted to stop acting, the Law Society rules would not allow us to do so. In any event, we were happy to continue acting for the Glazers. |
In October 2004 there was a discussion about a potential offer, but it was only broad brush because the finance wasn't available. |
They hadn't done anything wrong. They exercised their right as a significant shareholder and we were there to attend the AGM on their behalf and to make sure their votes counted, as you'd expect. |
We were slightly surprised by the level of controversy that made its way into the press and the workplace. The controversy was borne more from the target side than from the nature of our client as a US investor - there are plenty of those around. |
What's easy to forget its that this was actually a very complicated deal to put together. The financing arrangements were complex and the tactical considerations numerous. |