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.

The London...

ISSN: 2151-1845 / CDC10004H

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