In June 1985, advised by Tony Richmond-Watson of Morgan Grenfell, S...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
In June 1985, advised by Tony Richmond-Watson of Morgan Grenfell, Saunders launched a £330-million hostile bid for the Scotch whisky and hotel company, Arthur Bell and Sons. Bell’s chairman, Raymond Miquel, was flabbergasted, because Morgan Grenfell had represented his firm for twenty years, assisting in its purchase of the Gleneagles Hotel Group and even handling its public offering in 1971. When Miquel complained to the Takeover Panel, Morgan Grenfell countered with evidence that Bells had terminated its services in November 1984; Miquel cited more recent links.
chapter: 34. Bang