AUTOS: Ford Furor

To the Ford Motor Co. it looked like a simple business deal: Ford wanted to buy complete control of its British subsidiary by paying about $20.50 per share for a stock that was selling in London for $12.88 per share. But as the stock price soared nearly $7 on the news last week, British tempers soared even higher. "Kill this sellout. Britain's economic independence is at stake," screamed Lord Beaverbrook's Evening Standard. Intoned the Daily Express: "The British Empire comes before the Ford empire." The Financial Times warned soberly that since British...

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