Guinness Peat Told to Bugger off and Have a Beer
New Zealand listed corporate raider Guinness Peat’s edge proved too sharp at Young & Co (Britain’s oldest brewery), after chairman John Young turned the screws on them using megaphone diplomacy. Despite having support from ‘A’ investors, private shareholders revolted: one investor said Guinness Peat should “take its money and run back to the land of the amber nectar”.
