Sorry saga

The sale of Stork to private equity group Candover is, at best, a modest victory for shareholder activism. At the end of a long-running battle with its two biggest shareholders, the Dutch conglomerate and hedge funds Centaurus and Paulson have ended up honours even. Centaurus and Paulson had been demanding that Stork, whose activities span aerospace engineering, poultry processing, and oil and gas services, be broken up. But Stork refused, despite an overwhelming shareholder vote against the bo...