This thread in the NW forum notes that Morgan Stanley has just bought a huge chunk of over 5M NW shares (fueling rumors of a hostile takeover). I seem to recall J.Edward having a copy of the golden-share agreement sewn into the lining of his clothing

In the interests of fueling the merger speculation mill (which has been decidedly silent of late), perhaps we could be enlightened as to the implications for CO of a hostile takeover of NW...