Harbinger Capital Partners Sends Offer to Acquire Applica Inc (APN) for $6 Per Share
More News related to APN
- NACCO Industries (NC) Terminates Tender Offer for Applica (APN)
- Applica (APN) Shareholders Approve Merger with Affiliates of Harbinger Capital Partners
- Applica (APN) Enters into Fifth Amendment to Merger Agreement with Harbinger Capital Partners
- NACCO Industries (NC) Again Increases Bid for Applica (APN)
- NACCO Industries (NC) Increases Offer to $7.90 Per Share for Applica (APN)
More News related to NC
- Dr. Michael J. Morecroft to Retire as President and Chief Executive Officer of Hamilton Beach Brands, Inc.
- NACCO Industries (NC) Declares $0.5175 Quarterly Dividend; 3% Yield
- NACCO Industries Declares Quarterly Dividend
- NACCO Industries, Inc. Announces Third Quarter 2009 Results
- Le Gourmet Chef(R) Launches New E-Commerce Website
Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P., together the largest shareholder of Applica Incorporated (NYSE: APN), with ownership of an aggregate of 9,830,800 shares or approximately 40% of the common stock of the Company, announced that it has sent a letter to Applica's Board proposing to acquire all outstanding shares of the Company not owned by Harbinger for $6 per share in cash.
Harbinger believes this all-cash, fully funded proposal is compelling for all Applica shareholders and represents a superior proposal to Applica's current merger agreement with the Hamilton Beach/Proctor-Silex subsidiary of NACCO Industries, Inc. (NYSE: NC).
Related Categories
Hot ListMergers and Acquisitions
Stocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
