 Two years later Reed would launch a £38m hostile takeover for Reed Health, following which the company eventually came back under the Reed family's control.Reed stated that the firm was delisted because it no longer had need of outside capital.In his autobiography, Reed's father suggested that the de-listing was due in part to the publication of the Higgs and Cadbury reports into public company governance, both of which called for wide-ranging restrictions upon directors and their appointments.