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Date: August 16th, 2026 12:44 PM Author: ungodly stead goal in life
Hanson's greatest deal was the 1989 purchase of Imperial Group, a British tobacco conglomerate with a diversified portfolio of brand leaders in tobacco, brewing and food, and with a cash rich pension fund, that was his real target. Hanson's team turned up in Bristol the morning of the takeover to find the Pension Trustees had closed the Fund the evening before, denying him the asset.[8] Lord Hanson had expected to use the Pension Fund as consideration for the transaction.
Hanson was a prominent corporate raider, which ultimately worked against him in a failed bid for ICI Group, a chemical group, in 1991 which was at the time the UK's third-largest company.[8] ICI, led by its chairman Sir Denys Henderson hired Goldman Sachs to look into Lord Hanson's business dealings, and they found that Lord Hanson's partner, White, was running racehorses at shareholders' expense.
(http://www.autoadmit.com/thread.php?thread_id=5893629&forum_id=2)#50071222) |
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