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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.

January 3, 2008

Ford Motor Company has announced that fellow family-owned firm Tata Motors, part of the Tata Group, has been chosen as the highest bidder for its luxury Jaguar and Land Rover brands.

Ford Motor Company has announced that fellow family-owned firm Tata Motors, part of the Tata Group, has been chosen as the highest bidder for its luxury Jaguar and Land Rover brands.

Ford bought Jaguar in 1989 after BL Ltd floated it on the London Stock Exchange, and Land Rover was sold by BMW in 2000.

In a statement, Lewis Booth, Ford executive vice-president, said that the company "is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar Land Rover business.

July 1, 2007

Families in Business held a roundtable meeting at the Families in Business
conference in Chicago to discuss how family members can prepare, plan and
execute the sale of the family business and the opportunites they may face afterwards

Families in Business held a roundtable meeting at the Families in Business conference in Chicago to discuss how family members can prepare, plan and execute the sale of the family business and the opportunites they may face afterwards

The Roundtable Panel

May 1, 2005

Both sides of a three-generation manufacturing business have been to see the corporate attorney to end their business arrangement. Neither branch of the family wanted to be tied to the other any longer financially.

This case was written and co-ordinated by Richard Segal, chairman of the Family Business Council of Southeastern Michigan.

Both sides of a three-generation manufacturing business have been to see the corporate attorney to end their business arrangement. Neither branch of the family wanted to be tied to the other any longer financially. Both sides are willing to either buy or be bought, but neither has the funds to do so, and neither is willing to finance the sale on time. Trust in the family has run aground with no relief in sight.

January 1, 2004

Recent events around corporate scandal present new challenges for family controlled public companies and their shareholders. Among the challenges is the diversification of the composition of boards, but just how far should reforms go?

Daisy Medici is Managing Director of Genus Resources, a US-based firm that provides consultation to family controlled enterprises across the US and internationally.

Recent events around corporate scandal present new challenges for family controlled public companies and their shareholders. Among the challenges is the diversification of the composition of boards, but just how far should reforms go?

June 1, 2003

A family business that is mindful of the need for proper planning, monitoring and maintenance of legal issues will ultimately be more profitable and successful over the long-term

Patricia Angus is a lawyer and consultant to high net worth families on governance and philanthropic planning. She is President of Angus Advisory Group LLC in New York, USA.

A family business that is mindful of the need for proper planning, monitoring and maintenance of legal issues will ultimately be more profitable and successful over the long-term

June 1, 2003

My earliest memories of ‘the business’ were of the Saturday mornings spent with Dad on the factory floor.

My earliest memories of 'the business' were of the Saturday mornings spent with Dad on the factory floor. He would walk around checking on orders, work-in-progress, and what had been billed the day before. I would pick up tiny pieces of cloth clippings from the cutting room floor and would spend the rest of the time thinking of innumerable crafty things to do with them. The car ride to Boston and breakfast at the Peter Pan Restaurant would give us ample time to talk about how Dad came to have his own business and how he bought out his father, Joe.

September 1, 2002

Selling the family business can be an emotionally taxing experience but vital for the future health of the company. However, private owners should consider the reasons for the sale before deciding on the best route

Maurice Smith is a business journalist with 20 years' experience in newspapers and broadcasting. He is the author of Great Scots in Family Business.

Selling the family business can be an emotionally taxing experience but vital for the future health of the company. However, private owners should consider the reasons for the sale before deciding on the best route

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