peacock for pm, page-26

Radisch, your comments seem to confirm that MFS had no idea about management rights when they bought S8 etc. Scott must have realised that the price they paid was way to high, given that no one in MFs or CVC know about management rights or there value.

It would seem that the price paid for stella by CVC is reasonable and as you indicated that need to get people in beds, which is where the money is in, hence the full page spread in the weekend papers.

Again paying for $600m for something you have no idea about or limited understanding is how some companies go broke. Again i dont think CVC went in blind. As to exisiting staff, they were great while in the MFS fold, but why all of a sudden are they dead wood in CVC