Norfolk Southern's COO quit mid-merger – nobody's asking the right question
Leadership bench optimized for integration, but if the deal falls apart…
By Mike Weir
Hindsight would be a wonderful thing if you were able to act on it.
Alas.
A little over a year ago, Clipper Logistics Plc, a UK retail and e-commerce player, was the subject of a takeover approach.
Reportedly supported by Clipper’s founder and Executive Chairman, Steve Parkin, the offer from Sun Capital was rumoured to be worth £300 million ($424 million).
Other shareholders were having none of it, however, and the deal fizzled out amid the usual disagreement about valuation.
Alas.
Up until then, Clipper shares ...
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