Business
Ailing Waterford Finds Minority Partner: Waterford Wedgwood Group PLC said a New York investment bank and an Irish company would acquire a minority stake under a plan to raise more than $150 million for the ailing Anglo-Irish crystal and china maker.
March 5, 1990
The Anglo-Irish brewing firm Guinness PLC Wednesday accused its former chairman Ernest Saunders of receiving more than $4.8 million in a secret operation he organized as part of the Guinness takeover of Scotch whisky-maker Distillers last year.
April 9, 1987
Ireland’s biggest bank said Wednesday that a rogue employee involved in currency trading secretly lost $750 million at its U.S. subsidiary, jolting the European markets and triggering a federal criminal investigation into another financial debacle.
Feb. 7, 2002
Pernod Ricard SA on Thursday apparently won a months-long takeover battle for Irish Distillers Group PLC, Ireland’s biggest whiskey maker, when Britain’s Panel on Takeovers and Mergers said the bidder had not breached any takeover rules.
Nov. 18, 1988
Pernod Ricard SA, a French drinks company, said it made a friendly takeover offer worth the equivalent of $412 million for Irish Distillers Group PLC to counter a hostile bid by the British liquor group Grand Metropolitan PLC.
Sept. 6, 1988
World & Nation
Allied Irish Banks appointed a senior American banker Sunday to oversee an internal probe into $750 million in allegedly fraudulent losses at its U.S. subsidiary, Allfirst Bank of Baltimore.
Feb. 11, 2002
A group of overseas investors led by Tony O’Reilly, Irish-born chairman of U.S. food giant H. J.
Jan. 8, 1990
Allied Irish Banks is expected to dismiss senior managers this week at its scandal-hit U.S. unit Allfirst, where rogue trader John Rusnak ran up losses of nearly $700 million, it was reported.
March 11, 2002
Two of the biggest names in European craftsmanship--Waterford Glass and Wedgwood china--today announced an agreed merger, with Waterford paying $363 million for Wedgwood.
Oct. 8, 1986
Allied Irish Banks said Thursday that it would centralize currency trading operations and appoint an “eminent person” from the financial industry to investigate how internal safeguards failed to stop an employee at its U.S. subsidiary from secretly losing $750 million.
Feb. 8, 2002