A financially minded FrontBurnervian points us to the news that Tom Hicks’ Hicks Equity Partners is about to close a $558 million deal to sell its Latrobe Specialty Metals to Carpenter Technology Corp. If you plow through some SEC stuff, it appears that Hicks turned a $21 million investment into about $165 million over four and a half years. Nice!
3 comments
Just enough to pay for his loss on the “Epic Swindle” of the sale of Liverpool Football Club.
Hicks may not be dead but he certainly smells funny on Merseyside.
I hope he loses it all again, just like he lost Liverpool. He is one guy that comes to mind when I think of a person I truely hate…
Lets hope Hicks is dead by the end of 2011.