Shorebank and Indecorp (C)
8 Pages Posted: 21 Oct 2008
The C case (see also the A [E-0120] and B [E-0121] cases) opens with Shorebanks announcement that it will acquire Indecorp. From Shorebanks perspective, the merger affords an opportunity to further its mission by widening the market base that it already serves. Despite Shorebank's excellent lending record, public controversy erupts over the white-owned firms acquisition of black-owned Indecorp. Public perceptions of the deal vary, but several black-community activists are outspoken in their opposition to the merger.
Keywords: mergers and acquisitions, community relations, corporate social responsibility, minorities in business
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