haku: @indexterm INSTITUTIONAL INVESTORS / yhteensä: 153
viite: 88 / 153
| Tekijä: | Pogue, M. |
| Otsikko: | Magnet plc: the test-case? ! Magnet and Southern |
| Lehti: | Management Decision
1992 : VOL. 30:2, p. 55-63 |
| Asiasana: | MANAGEMENT BUY-OUTS FINANCING CASE STUDIES INSTITUTIONAL INVESTORS COMPANY PERFORMANCE FINANCIAL PERFORMANCE |
| Kieli: | eng |
| Tiivistelmä: | An attempt to launch an unprecedented management buy-out, which was seen to have important repercussions for the whole of the 12 billion GBP British buyout industry is reported. The case of Magnet plc represents a "test case" regarding the viability and suitability of American-style leverage deals in Britain. The problems that arose as Magnet plc's debts increased and its ability to service its interest obligations was undermined are described and analyzed. The role of the institutional investors is highlighted. The financial performance of the firm from 1984 to 1989 is investigated. The negotiations over the restructuring program are summarized. The background of the continuing difficulties is shown. |
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