Corporate Raiding — Ukrainian Style
White knights. Shark repellents. Poison pills. Green mail. Forget all that Wall Street crap! In the world of Ukrainian hostile takeovers, things work physically.
Narrator: Gunfire in broad daylight, in downtown Kyiv. This is not a civil defense drill. This is a classic culmination of a raider attack. After several years of litigation, a new boss enters the company premises, accompanied by some 150 athletically built young men.
Female employee: He hired them, a total of 144 people, as security guards. We asked him a question: And who will pay them and whom will they protect? That’s the answer we got.
Male employee: They started throwing firecrackers. Then bricks started flying over there. Then he started shooting — some kind of gun — shooting from here, from there. The fires flied all the way up to here and everywhere.
Narrator: The new boss, whom the employees rejected, has been hospitalized with a concussion. Two employees have been injured. The war for property continues — all over Ukraine. And the raiders’ main weapon is court decisions.
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