TITLE

It's a pleasure doing business with you!

AUTHOR(S)
Blair, Gordon; Baker, John
PUB. DATE
September 2006
SOURCE
ICIS Chemical Business;9/11/2006, Vol. 1 Issue 34, p22
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
22403356

 

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