It's a pleasure doing business with you!

Blair, Gordon; Baker, John
September 2006
ICIS Chemical Business;9/11/2006, Vol. 1 Issue 34, p22
Trade Publication
This article explains that there are many owners of highly successful companies in the chemical, petrochemical and associated industries who are facing -- or will have to face -- the dilemma posed by their desire to exit a business where there are no obvious successors or, if it is a corporate owner, the business is non-core. Their management teams are aware of the situation and may be tempted to make an offer and buy the business. An MBO is a transaction where the existing management team in a business acquires the business from the current owners. The management team must find the external funders, having agreed a deal in principle with the vendors and written a detailed five-year business plan.


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