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...

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now