Hostile takeover
Business makes strange bedfellows when the Spencers help Ridge to ditch Rick and rule the Forrester empire.
Uh-oh, Bill Spencer (left) isn’t going to be a silent partner in the Forrester takeover. Weekdays SABC3 (*193) 18:00
Forrester Creations’ CEO Rick (Jacob Young) and his top model Maya’s (Karla Mosley) rude treatment of their employees has made them a lot of enemies. Head designer Ridge (Thorsten Kaye) has resented little brother Rick’s control since day 1, while gentlemanly Liam Spencer (Scott Clifton) has found Rick’s treatment of his Forrester jewellery designer girlfriend Ivy (Ashleigh Brewer) deeply offensive. When big boss Eric (John McCook) refuses to use the Maya-transgender media circus to get his CEO son to step down on Monday 13 June, Ridge steps in, ready to betray his dad and brother. On Monday 20 June, he gives the goahead for a takeover that will unite Forrester’s largest shareholders – Ridge, Liam and Steffy Forrester (Jacqueline MacInnes Wood) – against Eric, who’s going to learn that holding the largest share of stock isn’t enough to keep control of the company he started.
TEAM ERIC: 37.5% CONTROL
ERIC FORRESTER Eric held 25% of Forrester’s stock in 2010, when it was split between him, Ridge, Stephanie (Susan Flannery) and Taylor (Hunter Tylo) but he lost half of that to Donna Logan (Jennifer Gareis) in their 2010 divorce. When Stephanie died in 2012, she left her 25% to Eric.
TEAM RIDGE: 62.5% CONTROL
RIDGE FORRESTER: 25% Ridge gave son Thomas (then Adam Gregory) 5% but persuaded Thomas to sign back control of it when Thomas went to Paris in 2012. Ridge wants Rick gone because “we got to try to get some dignity back in this company”. STEFFY FORRESTER: 25% Taylor gave Ridge’s daughter Steffy her 25% in 2011. After a chat to her dad and a run-in with rude Rick on Thursday 16 June, Steffy tells Ridge, “Rick deserves what’s coming to him.” LIAM SPENCER: 12.5% Donna sold Bill Spencer (Don Diamont) her 12.5% in 2011. But thanks to his position at Spencer Publications, Bill’s son Liam controls use of the shares.