Colin Dyer, chief executive of Courtaulds Textiles, will launch a robust defence against US group Sara Lee’s hostile bid at a meeting tomorrow.
Dyer will outline plans to shift more the company’s 22,000 workforce into low-cost areas overseas. Around 50% of Courtaulds employees work in the UK.
Dyer says Courtaulds shareholders are 2being robbed” on Sara Lee’s current100p-a-share offer.
The Sunday Times 20/02/00 (Business) page 10
The Observer 20/02/00 page 3 and 4 (Business)
