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December 2, 2009

McGraw-Hill Companies, the family controlled publisher, announced yesterday it has completed the sale of its flagship business title to Bloomberg LP.

McGraw-Hill Companies, the family controlled publisher, announced yesterday it has completed the sale of its flagship business title to Bloomberg LP.

Business Week was sold to the financial news agency for $5 million in cash, while Bloomberg has also assumed an unspecified amount of Business Week's liabilities.

September 22, 2009

Dell Inc is to acquire Perot Systems Corp, the family-controlled computer services provider, in a deal worth $3.9 billion, the two companies announced yesterday.

Dell Inc is to acquire Perot Systems Corp, the family-controlled computer services provider, in a deal worth $3.9 billion, the two companies announced yesterday.

The Perot family stands to make up to $400 million from the sale of the US-based company founded in 1988 by Ross Perot Sr (pictured). HWGA Ltd, the holding company of the Perot family, owns around 25% of the business and the family control a further 2% of shares through family trusts.

May 26, 2009

Malvinder Mohan Singh, the last remaining family member to head India's largest pharmaceutical company, has severed his ties with the business his grandfather founded in 1961.

Malvinder Mohan Singh, the last remaining family member to head India's largest pharmaceutical company, has severed his ties with the business his grandfather founded in 1961.

In a statement, the company said he was stepping down from the positions of chairman, CEO and managing director with immediate effect. He will be replaced by Atul Sobti, Ranbaxy's COO.

The news comes almost exactly one year after the Singh family sold their 35% stake in the business to Japanese pharmaceutical giant Daiichi Sankyo.  

November 5, 2008

Family-owned department store Boscov’s, which filed for bankruptcy in August, has announced it is selling the majority of its assets to a family group led by Albert Boscov and his brother-in-law, Edwin Lakin.

Family-owned department store Boscov's, which filed for bankruptcy in August, has announced it is selling the majority of its assets to a family group led by Albert Boscov and his brother-in-law, Edwin Lakin. Boscov is the son of founder Soloman Boscov and former CEO of the company.
 

September 29, 2008

Making good on our promise to bring you something extra special for this launch issue of Campden FB we’ve pulled out all the stops.

Making good on our promise to bring you something extra special for this launch issue of Campden FB we've pulled out all the stops. As Families in Business, we brought you incisive interviews with some of the top names in family business. George Vanderbilt, Christof Bosch, Bill Ford, Andrea Illy, JW Marriot Jr and Giuseppe Lavazza are just some of the names that have graced our pages. We've even thrown in a few famous family celebrities over the years, like Paul Newman and Playboy heiress Christie Hefner.

August 27, 2008

The commissioner of America’s National Football League has called a meeting at NFL headquarters in New York to try and broker peace between the disputing family factions who own the Pittsburgh Steelers franchise.

The commissioner of America's National Football League has called a meeting at NFL headquarters in New York to try and broker peace between the disputing family factions who own the Pittsburgh Steelers franchise.

Yesterday, commissioner Roger Goodell met with Steelers chairman Dan Rooney (pictured) and his four brothers, as well as representative owners from the league, in a bid to start talks with the family and outline the NFL's requirements for any prospective sale.

June 16, 2008

Malvinder Singh, third generation CEO of Ranbaxy Laboratories, has revealed why he decided to sell the business in which his family held a 35% stake.

Malvinder Singh, third generation CEO of Ranbaxy Laboratories, has revealed why he decided to sell the business in which his family held a 35% stake. "It was emotional," he said, "but you cannot hold a company from future advancement because your shareholding will come down."

Singh announced last week that the firm founded by his grandfather in 1961 was being sold to Daiichi Sankyo Company, one of the largest pharmaceutical companies in Japan, for up to $4.6 billion. This represented a premium of 31.4% on the pre-announcement price.

June 10, 2008

The Hunt family has sold the company founded by legendary oilman Haroldson L Hunt Jr (“HL”) to rival XTO Energy for $4.186 billion.

The Hunt family has sold the company founded by legendary oilman Haroldson L Hunt Jr ("HL") to rival XTO Energy for $4.186 billion. The deal includes $2.6 billion in cash and 23.5 million shares of XTO common stock valued at approximately $1.6 billion.

Describing the acquisition as "a defining moment" for his company, XTO chairman and CEO Bob R Simpson went on to say that the process was initiated by the boards of directors of Hunt Petroleum and the Hassie Companies at the end of last year.

March 26, 2008

Ford Motors has sold two of its luxury car brands to a fellow family-owned company.

Ford Motors has sold two of its luxury car brands to a fellow family-owned company. Tata Motors, part of the Indian-based Tata Group, has bought Land Rover and Jaguar for $2.3 billion.

Ford announced last summer that the brands were being put up for sale and there has been much speculation as to who would be the highest bidder. In January this year Ford confirmed that it had entered into discussions with Tata over a possible sale.

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