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Almost three months after the Fisher family – founders of the GAP retail empire – announced a takeover bid for bankrupted forestry firm Pacific Lumber, the deal has been finalised.

The deadlock in the Schaeffler-Continental takeover battle has been broken with the family-owned company making a €11.35 billion hostile bid for its larger rival.

Wealthy families with an appetite for risk have a new service at their disposal that is designed to bring capital-starved entrepreneurs and their companies from around the world together with potential investors.

Family-owned Al-Futtaim Group, the Dubai-based automotive, retail, electronics and financial services conglomerate, is to acquire a majority shareholding in Associated Motorways (AMW), one of the “crown jewels” of Sri Lanka's corporate sector.

San Diego’s family-owned Copley Press Inc is considering selling off some of its print assets as newspaper profits across the US continue to dwindle.

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