Created Mon 13th Oct 2008 3:40am PST by

theindependent Level 7, Pro (H$3,822)

Will Sir Philip Green take over Baugur?

Settled as No

No news reports by the end of November regarding Green taking over Baugur.

Background:

Question created by

Background: Retail billionaire Sir Philip Green edged closer to a deal to buy the debts of Icelandic investor Baugur, a once- powerful predator that acquired a string of famous brands.

Sir Philip reportedly plans to purchase over Ã‚Â£1bn of the group's debt, giving him control of high street fashion chains Oasis and Karen Millen as well as House of Fraser and Hamleys, and majority stakes in Debenhams and Moss Bros.

Will he make such a purchase by the end of November?

Sir Philip knocks back Texas offer for Baugur

Settlement details:As reported by The Independent.

Forecast history %

Yes

22%

78%

Settled as No on Mon 1st Dec 2008 9:49am PST

Activity: H$26,082
Predictions: 39
Comments: 1

Suspend date: Sun 30th Nov 2008 11:59pm PST
Settlement date: Mon 1st Dec 2008 9:49am PST
Prediction cut-off: Predictions on this question after Sun 30th Nov 2008 11:59pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 70%

Action history:

Created Mon 13th Oct 2008 3:40am PST by

theindependent Level 7, Pro (H$3,822)

Changed Description Mon 13th Oct 2008 4:44am PST by

bayoubear [Admin]

: show details

... reportedly plans to purchase over £Â£1bn of the group's ... by the end of November??<br/> <br/> http://www.independent.co.uk/news/business/news/icelandic-losses-met-by-seizure-959290.html

Changed Description Mon 13th Oct 2008 4:44am PST by

bayoubear [Admin]

: show details

... by the end of November?<~~br/> <~~br/> ~~http://www.independent.co.uk/news/business/news/icelandic-losses-met-by-seizure-959290.html~~

Changed Description Mon 10th Nov 2008 8:30pm PST by

tisha

: show details

... reportedly plans to purchase over Â£Ã‚Â£1bn of the group's ... the end of November?<br/> /> <br/> <a href='http://www.independent.co.uk/news/business/news/sir-philip-knocks-back-texas-offer-for-baugur-962735.html'>Sir Philip knocks back Texas offer for Baugur</a>

Settlement requested Sat 29th Nov 2008 12:24am PST by

keyeshoveden [Power User]

: There are no more business days until the end of November so this can't happen.

Suspended Sat 29th Nov 2008 5:17am PST by

bayoubear [Admin]

: End of the business days indicates a need to suspend this question, allow settlement should still wait until after Sunday...just in case something remarkable is announced.

Settled as 'No' Mon 1st Dec 2008 9:49am PST by

bayoubear [Admin]

: No news reports by the end of November regarding Green taking over Baugur.

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Predictions (39)

1 year ago

lachapin Level 1, Newbie (H$369)

predicted No (H$20 at 78%)

1 year ago

scoopboy [Admin]

predicted No (H$4,000 at 76%)

1 year ago

keyeshoveden [Power User]

predicted No (H$2,000 at 72%)

1 year ago

jakers Level 8, Super-Pro (H$5,703)

predicted No (H$100 at 70%)

1 year ago

maia

predicted No (H$500 at 70%)

Comments (1)

bayoubear [Admin]

http://www.independent.co.uk/news/business/news/icelandic-losses-met-by-seizure-959290.html

More information on the story....

<<Meanwhile, the billionaire businessman Sir Phillip Green looks set to invest up to £2bn in a troubled Icelandic retailing group that owns House of Fraser, Karen Millen and Hamleys. Sir Philip has held talks with the Icelandic government about buying debt from the retailing group Baugur, thought to have lost over £1bn in the crisis. Sir Philip, who owns Bhs and Topshop, described Baugur as "fundamentally sound". >>

posted 1 year ago

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