Graeme Hart News
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Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
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Rank Group Ltd., the packaging company owned by New Zealand billionaire Graeme Hart , is the bidder that submitted an unsolicited $1.64 billion cash takeover offer for Graham Packaging Co. , according to a person with knowledge of the matter.
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Graeme Hart , owner of the world’s second-largest drink-carton maker, retained his position as New Zealand’s richest person, with an estimated NZ$5.5 billion ($4 billion), according to National Business Review’s 2010 Rich List .
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Blackstone Group LP may finally get the payday for Graham Packaging Co. that it was denied last year as New Zealand’s richest man drives up the acquisition price.
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Graeme Hart, owner of the world’s second-largest drink-carton maker, retained his position as New Zealand’s richest person, with an estimated NZ$6.5 billion ($5.7 billion), according to National Business Review’s 2011 Rich List.
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Reynolds Group Holdings Ltd., the packaging company owned by New Zealand billionaire Graeme Hart, agreed to acquire Graham Packaging Co. for $1.68 billion, beating Silgan Holdings Inc. for the plastic-container maker.
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Pactiv Corp., the maker of Hefty trash bags, agreed to be bought by Rank Group Ltd. for about $4.5 billion, helping the New Zealand packaging company expand in takeout-food containers and cutlery.
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Rank Group Ltd., owned by New Zealand’s richest man, Graeme Hart , may borrow as much as $5 billion to help pay for its acquisition of Pactiv Corp. , the maker of Hefty trash bags.
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Carter Holt Harvey Ltd., New Zealand billionaire Graeme Hart’s wood-products firm, plans to close syndication for its NZ$1.45 billion ($1.13 billion) loan tomorrow, according to a person familiar with the matter.
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Carter Holt Harvey Ltd., the wood products firm owned by New Zealand billionaire Graeme Hart, completed general syndication of a NZ$1.45 billion ($1.2 billion) loan after receiving a commitment from Korea Exchange Bank, said a person familiar with the matter.
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