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(From Financial Director)
Even though the self-regulating Takeover Panel is largely staffed by lawyers and merchant bankers on secondment from their big City firms, it has a reputation for being a body that corporate financiers don't want to upset, such is its authority and the high respect it commands.
What a shame that Mme Nahed Ojjeh, the Syrian-born widow of a Saudi Arabian arms dealer, wasn't aware of the Takeover Panel's reputation. In fact, she doesn't even appear to have ...