Summary: A tumultuous week for financial markets left the highly risk-sensitive British Pound
sharply lower through FridayEoe1/4aos close, and major Bank of England monetary.
com Inc has expanded its escrow services to support British pounds
The resulting net payment by Fortune Brands of approximately 117 million British pounds
(207 million US dollars) will bring Fortune Brands' total cost for the acquisition to approximately 5.
The letter of intent contemplates that THK will acquire 51 percent of Crystal Reference Systems for an upfront consideration of 810,000 British Pounds
in cash and THK common stock worth 90,000 British Pounds
valued at the closing.
Two corporations, the Al Fahim Group (Abu Dhabi, United Arab Emirates) and Oppenheimer Investments AG (Solothurn, Switzerland), accuse Schulze and his two business partners of intending to swindle them out of a sales commission in the amount of more than 10 million British pounds
in connection with the planned purchase of London's luxurious Lanesborough Hotel, and their shares in the hotel subsequent to the acquisition.