Bloomberg:  Buffett’s Iscar Lured to China in Bid to Take Sandvik’s Lead

Iscar, the world’s second-biggest maker of metal-cutting tools, has ambitions to overtake global market leader Sandvik AB, Chairman Eitan Wertheimer said in an interview. A purchase “above a certain size” may prompt regulatory challenges in much of the world, though “China might be open,” and the takeover candidate would have to fit into strategy, he said. ...   “We are dying to buy, but there is very little variety around, and it has to be the right price,” Wertheimer said at his office in Herzliya, just north of Tel Aviv. An acquisition’s match with the company is important because “I don’t want to be big and stupid. I enjoy a lot to be the number two and be the smart guy. I want to be the Einstein of the field.”Full story

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