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March 1, 2010

Thailand’s former prime minister, Thaksin Shinawatra, had more than half of his assets seized by the supreme court on Friday after nine justices agreed he had deliberately hidden his wealth and concealed his shareholdings in the family business.

Thailand's former prime minister, Thaksin Shinawatra (pictured), had more than half of his assets seized by the supreme court on Friday after nine justices agreed he had deliberately hidden his wealth and concealed his shareholdings in the family business.
 

February 26, 2010

Independent News and Media, the family-controlled publishing company, looks close to a deal to sell its two London-based titles the Independent and Independent on Sunday to Russian businessman Alexander Lebedev.

Independent News and Media, the family-controlled publishing company, looks close to a deal to sell its two London-based titles the Independent and Independent on Sunday to Russian businessman Alexander Lebedev.
 
In the clearest sign yet that a deal is imminent, the UK's Office of Fair Trading posted an invitation yesterday asking for comment on the "anticipated acquisition of the Independent and Independent on Sunday by Lebedev Holdings Limited."
 

February 16, 2010

Solvay, the family-controlled international chemical group, has announced it has finalised the sale of its pharmaceutical business to Abbot for €5.2 billion.

Solvay, the family-controlled international chemical group, has announced it has finalised the sale of its pharmaceutical business to Abbot for €5.2 billion. On the back of antitrust clearances, the Belgium-based company also said it planned to buy back up to 5.1 million of the company's own shares.

January 18, 2010

Baron Helmut von Finck, an heir of the Merck Finck and Co private banking dynasty, is suing his two half brothers for breaching the terms of his father’s will.

Baron Helmut von Finck, an heir of the Merck Finck and Co private banking dynasty, is suing his two half brothers for breaching the terms of his father's will.

According to a report in UK newspaper the Independent on Sunday, Baron von Finck is contesting the 1990 sale of the bank to Barclays, claiming his father, August, stated the Germany-based bank should remain independent.
 

December 3, 2009

The year started badly if you are a fan of M&A activity. According to financial research company Capital IQ, global deal volumes dived 26% in the first quarter of 2009 compared to the fourth quarter of 2008.

David Craik is a London-based freelance journalist who writes on a range of business issues. 

The year started badly if you are a fan of M&A activity. According to financial research company Capital IQ, global deal volumes dived 26% in the first quarter of 2009 compared to the fourth quarter of 2008.

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.
 

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