Morgan Stanley and CIGNA create leveraged buyout fund
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
In 1985, it joined with CIGNA Insurance to create a leveraged buyout fund. It struck spectacular deals that made merger profits look like small change in comparison. In 1986, it joined with an Irish paperboard concern, Jefferson Smurfit, to purchase Container Corporation of America from Mobil for $1.2 billion.
chapter: 35. Bull