Deal announced: 070/2/2007
Deal withdrawn: 01/31/2008
Investors: GSO Capital Partners
Value of the deal: $1.1 billion
This deal melted thanks to bad credit conditions, and the hedge fund was on the hook for a $21 million break up fee.
That was a small price to pay to avoid pain down the road. In March the company said that it was part of an industry-wide antitrust investigation of the packaged iceindustry. NEXT: 3Com (computer networking)