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Autonomy defends US takeover

Comments (0) | 22 Aug 2011 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

CEO Mike Lynch says UK and US companies should operate on a level playing field in terms of acquisitions

Mike Lynch, chief executive of Autonomy, has defended the takeover of UK companies by US buyers.

Lynch and the rest of Autonomy’s board last week recommended a £7 bn ($11.5 bn) takeover by US technology giant Hewlett-Packard.

The deal reignited the debate about foreign takeovers in the UK ...

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