Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
EU Law To Stop KKR
With the Yanks preparing retrospective legislation that would bar BP from drilling in US waters for seven years, now is the time for the EU to pass a retrospective law.
The EU law would say that any company which has bought a European company and loaded it up with debt amounting to more than 50% of the value of the acquisition should be banned from M&A activity in Europe for seven years.
Kohlberg Kravis and Roberts of New York, which bought NXP at a valuation of $11 billion and loaded it up with $6 billion of debt, would then be banned from operating in Europe for seven years – to the benefit of us all.Tags: acquisition, europe, kohlberg kravis and roberts, retrospective legislation, yanks