Singer Co has firmly rejected the $50 a share tender offer for the Montvale, New Jersey company from the group led by Florida investor Paul Bilzerian, and says that it will explore a variety of alternatives including sale of all or part of the company, a restructuring or liquidation, or a private sale or a distribution of equity; Bilzerian’s group already holds 9.99% of Singer, Mesa Limited Partnership has another 9.9%, and Singer’s debt already nearly equals its equity, all of which leads observers to believe it will be acquired.
This article is from the CBROnline archive: some formatting and images may not be present.
CBR Online legacy content.
Join our newsletter
Industry leading data and analysis for the FDI community