Table of Contents

Contents: Preface Introduction Part I: On Corporate Control and Governance Processes in Financial Capitalism 1. A Theoretical Platform Part II: A Case Overview 2. The Old Mutual–Skandia Case: Actors and Context Part III: A Target Company: Skandia Before April 2004 3. A Success – and a Crash 4. Skandia Life UK 5. A Takeover Target Part IV: The Actors in the Skandia Takeover: Skandia 2004 6. A New CEO, Board and Shareholder Composition 7. Rebuilding Skandia 8. Working for a Stand-alone Case or Heading for a Structural Deal? 9. New Kinds of Shareholders Enter the Scene 10. Old Mutual Part V: Old Mutual Goes for Skandia: (December 2004 to August 2005) 11. Growing Unease on the Skandia Board 12. An Indicative Bid Leaks Out 13. Summer of Due Diligence 14. Old Mutual’s Friendly Bid Part VI: Old Mutual Acquires Skandia: (Summer 2005 to Spring 2006) 15. A Divided Board 16. A Controversial Bid 17. Trying to Keep Skandia Independent 18. A Hostile Bid 19. Hedge Funds Intervene 20. Facing a New Reality 21. Old Mutual Acquires Skandia Part VII: Conclusions 22. Some Conclusions on Corporate Control and Governance Processes in Financial Capitalism Appendix References Index

About the Author

Markus Kallifatides, Associate Professor, Stockholm School of Economics, Sophie Nachemson-Ekwall, MSc, Stockholm School of Economics and Sven-Erik Sjöstrand, Professor Emeritus, Stockholm School of Economics, Sweden