The Pittsfield, Mass., Berkshire Eagle newspaper is taking a friendlier tone toward Saudi Basic Industries Corp., now that the company has closed on its deal to buy GE Plastics. The newspaper's Web site today has a column by a former managing editor who compares Sabic to a fairy tale white knight, riding to the rescue of the company's local operations.
White knights are usually to be found in fairy tales. But in this case, it's a reality. All indications point to a happy ending — and that's something that's sorely needed for a city and a county where doubts and skepticism persist among some people, despite impressive evidence that a new chapter of major economic expansion already is being written.Remember back in March, when the Eagle had an editorial that said if Sabic bought GE Plastics, it "would likely be the worst case scenario" for the company? Talk about a huge turnaround!