Refco assets won by Man Group; Bennett indicted
Fri Nov 11, 2005
Man Group has won the bidding war to acquire substantially
all the assets of Refco's regulated commodity futures
businesses in a deal valued at $323 million, including $282
million in cash. Refco fell apart last month after reports
surfaced that then-CEO Phillip R. Bennett had helped conceal
$430 million in bad debt.
ISSN: 2151-1845 / CDC10004H
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