Hostile Takeover + Alex Polizzi Show

barry1010 | 07:45 Thu 26th Aug 2021 | Business & Finance

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I've been watching Alex Polizzi show 'My Hotel Nightmare' and her mother said that when Granada took over the family firm Forte 'we got nothing, absolutely nothing'.

Now surely even when the takeover is hostile, money or some other consideration must pass between the parties otherwise it is theft. Maybe her idea of 'absolutely nothing' is different from mine.

Can anyone shed any light on this? Her mother is still working for the company that took over Forte

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davebro

Maybe Forte had debts.

According to Wikipedia, a hostile takeover by Granada (£3.9 billion) left the family with £350 million.

Question Author

Not my idea of 'absolutely nothing', The Chair.

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