1. Overcoming resistance to the deal
- Author
-
Wilton, David and Forbes, David
- Subjects
KSR International -- Mergers, acquisitions and divestments ,Flogates -- Mergers, acquisitions and divestments ,Refractories industry -- Mergers, acquisitions and divestments ,Banking, finance and accounting industries ,Business ,Business, general ,Business, international - Abstract
UK-based refractory firms Flogates and KSR International (KSR) were sold for a combined 50 million pounds sterling in February 1998, after a year long process which tested the skills of those involved. The sale proved to have many interesting features which could be applied to other corporate disposals. A strong tie with family ownership meant the sale had to incorporate legal moves to avoid the sale of a privately-owned part of the firm. The industrial aspects of the land sale had to be environmentally sound.
- Published
- 1998