
110 Be co mi ng t he r ea l de al
although there had been a very close call a couple of weeks earlier. Not
surprisingly, there had recently been a change in management from a
high-flyer to a more pragmatic industry person from the auto sector.
A couple of things made Bure attractive to us. There was no
controlling shareholder who could stand in the way of the new
management’s economic decisions. Also, for whatever silly reason, the
rights issue was terribly complex and likely to scare away a large segment
of retail investors, many of whom were undoubtedly already sick of the
Bure stock and much poorer because of it. Beca