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288 pages, Hardcover
Published August 28, 1972
Saga lasted as an independent company until 1986, when it was acquired by Marriott Corp. for $502 million in a takeover that Mr. Scandling opposed. His account of the battle was contained in his 1994 book "The Saga of Saga: The Life and Death of an American Dream." Marriott sold the restaurants soon after acquiring them, and in 1997 merged its food-service operations with the French firm Sodexho.
"It's like losing a daughter," said Anderson, Mr. Scandling's former partner, of the 1986 takeover that left him and Mr. Scandling alone in offices that had housed 460 corporate employees. "We didn't really want to have that happen, but when somebody comes along and offers stockholders 50 percent or more above what we were selling for ... it probably was in stockholders' best interests."