Friday, June 15, 2007 2:10:00 PM ET
newratings.com
NEW YORK, June 15 (newratings.com) - Steel Partners (ticker: SLPL) Friday announced that it had raised the price for its takeover bid for Japanese condiments maker Bull-Dog Sauce by 7%.
The American investment fund said that its offer now stands at ¥1700 or $13.82 per share, or a total consideration of ¥29 billion or $236 million. The earlier bid price was ¥1584 per share, which was rejected by Bull-Dog Sauce. Steel Partners is already the largest shareholder in Bull-Dog Sauce, with a 10.2% stake. The company also pushed back the closing date for the offer to August 10 from June 28.
Source : http://www.newratings.com/analyst_news/article_1551318.html
newratings.com
NEW YORK, June 15 (newratings.com) - Steel Partners (ticker: SLPL) Friday announced that it had raised the price for its takeover bid for Japanese condiments maker Bull-Dog Sauce by 7%.
The American investment fund said that its offer now stands at ¥1700 or $13.82 per share, or a total consideration of ¥29 billion or $236 million. The earlier bid price was ¥1584 per share, which was rejected by Bull-Dog Sauce. Steel Partners is already the largest shareholder in Bull-Dog Sauce, with a 10.2% stake. The company also pushed back the closing date for the offer to August 10 from June 28.
Source : http://www.newratings.com/analyst_news/article_1551318.html
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