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Reddy Ice Holdings (manufacturer/distributor of ice)
Reddy Ice Holdings (manufacturer/distributor of ice)
The company manufactures and distributes ice.
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Deal withdrawn: 01/31/2008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)
Last updated May 19 2008: 1:26 PM ET
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