Thursday, September 11, 2008

Samuel J. Heyman


During the 80s he was a corporate raider, using debt provided by Drexel Burnham Lambert. Successful targets of his raids were the GAF Materials Corp. and International Specialty Products. He also made large sums of money in failed take-overs of Borg-Warner and Union Carbide. He has recently been involved in takeover attempts on Dexter, London Stock Exchange and Hercules Corp.

He achieved notoriety in Australia during the Qantas takeover when his hedge fund, declined to accept Airline Partners Australia's offer for his share, and after the failure of the offer subsequently accepted for over half his holding, although this was unsuccessful. As his total holding was said to be 10% of Qantas' shares, he had at risk over a billion dollars (Australian) in shares, and was possibly in violation of Qantas foreign shareholding rules.

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