Broth­ers in Arms

The Economic Times - - Companies: Pursuit Of Profit -

When one brother tries to bail the other one out, com­mon sense dic­tates all should end hap­pily. But at a re­cent meet­ing of lenders, some re­alised this may not nec­es­sar­ily be so all the time. As one agreed to have more skin in the game to show his com­mit­ment, the other kept in­sisted on cre­at­ing com­pet­i­tive ten­sion among suit­ors if he was forced to di­vest one of his as­sets. The pas­sive re­sis­tance, even dur­ing the fi­nal stages of a ne­go­ti­ated agree­ment, raised many eye­brows.

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