Carlisle a Gamble as Ashcroft Weighs the Share Options
Byline: MICHAEL WALTERS
THERE was many a happy hour spent with Michael Ashcroft when he was building a British business, irritating him. Finally, of course, he got too big and too grand, parked the company in Bermuda and skedaddled to Florida himself, there to make an even greater fortune.
It looked as if we had lost him for good, but last summer his ADT security company was taken over in the US by Tyco for [pounds sterling]3.5bn.
Ashcroft himself got [pounds sterling]155m or so. Even hardened American investors were impressed by the audacity of his share options, but though there were nasty moments along the way, he ultimately delivered brilliant returns for shareholders.
Now, it appears he is again to grace the British public company scene.
Tired of Florida and political importance in Belize, he is bound for home.
He has taken an option to buy 29pc of Carlisle Group from director Dev Pritchard, probably at 10.6p a share.
And he has assumed Pritchard's option to buy 108m deferred shares at 10.6p. There is no guarantee that he will take up any option, but close observers are betting on it. …