A consortium led by Thomas R. Wedgwood, a direct descendant of the 18th-century industrialist who founded the ceramics maker, is mounting an “all or nothing” bid to buy back the family company, reports The Times. The proposed deal, expected to be tendered early this week and understood to be backed by financing from the Middle East, could spell the end of Wedgwood’s  22-year merger with Waterford Crystal. The bid, under which members of the founding family would run Waterford Wedgwood as an independent, high-end brand, is designed to scupper a series of other offers that have been made for all or part of Waterford Wedgwood, the debt-laden group put into administration this month. Other bids may emerge this week for the Waterford part of the business.

This entry was posted by Gwen Robinson on Monday, January 19th, 2009 at 5:49 and is filed under Capital markets, M&A, People. Tagged with waterford wedgwood. Edit this entry.