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No Hostile Bid For GM From Ghosn

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We’re still not sure why anyone would want to own General Motors so we weren’t surprised to learn that Carlos Ghosn isn’t interesting in launching a hostile takeover of the automaker. The only question is why the shareholders of Renault or Nissan, the two companies currently run by Ghosn, would be interested in even a friendly takeover. Other than the general principle that Ghosn can fix any auto-company.

Mr. Ghosn said he would "never" pursue a hostile deal for control of GM. Any alliance with GM should preserve the separate identities of the partners, he said. "You don't want to give the impression that this company is under the control of another company. That is what I want to avoid," he said.

Ghosn Sees Benefits In Alliance With GM
[Wall Street Journal]