A Weekly Digest of The World's Financial Press: Forbes
There is European hostility to US bids to buy up asset-rich companies
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.A MONTH ago Guy Wyser-Pratte arrived with his wife at Paris' Charles de Gaulle airport on a routine business trip from New York. They were stopped at customs by brusque officials who held them for half an hour in a bare room and went through everything in their bags before releasing them without a word of explanation.
Wyser-Pratte can't prove it but he's sure that the search was orchestrated by a politically connected executive at one of the many companies that he's targetted for restructuring in recent years.This much is certain. As head of New York-based Wyser-Pratte & Co with some $500m (pounds 315m) in assets under management to invest in poorly managed companiesGuy Wyser- Pratte is persona non grata in some of Europe's finest drawing rooms.
Wyser-Pratte and other pioneers are beginning to reap big profits by taking minority stakes in asset-rich, poorly managed companies outside the US and forcing management to unlock their hidden values.
- Justin Doebele, staff writer
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments