"After a thorough review of the strategic options, we have concluded this transaction will both reward our current stockholders and position Goodman for continued profitable growth," Charles Carroll, Goodman's chief executive, said in a statement.
Richard Faber, Sir Frederick's former son-in-law who remains a senior executive in the Barclays business empire, said: "We are pleased to have concluded this transaction and that [the hotels are] now majority controlled by Constellation Hotels Group".
"We remain optimistic that the Department of Justice will conclude that this transaction is not anticompetitive, and that we will complete the transaction in a timely manner".
"After thorough and extensive analysis, our board of directors unanimously concluded that this transaction provides significant cash value to our stockholders and is in the best interests of our stockholders, customers and employees," said K&F CEO Kenneth M. Schwartz.
"I concluded that this transaction is not in the public interest," said Commissioner Steven Larsen.
Sportech chief executive Ian Penrose said: Burlywood was unable to conclude the transaction set out within their proposal which we announced in September.
In January, Chrysler announced it had reached a tentative deal with Fiat, and in March, President Obama gave the companies 30 days to conclude the transaction.
The long delay has frustrated Murdoch's News Corp, which is keen to conclude the transaction at a time when BSkyB's share price has been rising due to its strong financial performance.
A person who has been briefed on the shooting said the undercover detectives had planned to buy six 9-millimeter pistols from the men and that the suspects wanted to conclude the transaction inside an apartment in the project while the detectives wanted to make the purchase outside.
