Bloomberg News

Charter Bid Outcome Victory for Short-Termism, Schroders Says

September 28, 2011

Sept. 28 (Bloomberg) -- Charter Plc’s refusal to discuss a possible takeover by Melrose Plc and solicit another bidder is a “victory for short-termism” and a defeat for long-term investors, Schroders Plc said in a statement today. Schroders said it was disappointed but not surprised that Melrose had withdrawn its offer.

Link to Statement:{NSN LS7Y363HBS3K <GO>}

To contact the editor responsible for this story: Peter Woodifield at pwoodifield@bloomberg.net


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