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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.

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

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