Newsclip®: [Business] The Andersons receives $1 billion takeover offer - Toledo Blade

"A New York company that specializes in taking over firms has made an unsolicited $1 billion cash offer to acquire The Andersons Inc., a Maumee agribusiness which is well-known in the Toledo area. Former hedge fund manager Philip Falcone’s HC2 Holdings Inc. sent a letter today to Michael Anderson, chairman of The Andersons, to buy the company for $37 a share, or 42 percent higher than Tuesday’s closing price of $25.94 a share. In the letter, not released until after the stock exchanges closed on Tuesday, Mr. Falcone says his company “has repeatedly expressed interest to you and the board to enter into a negotiated transaction,” but none of the Andersons representatives “have substantially responded.” He even had an April 18 meeting with Andersons executives, according to the letter, when", www.toledoblade.com


0 comments | 1 clip

advertisement

 

Last clipped by


Hey! Thanks for checking out Newsclip®!

Click on this Trending Newsclip® Stack to read other top media reports on this topic.

Be sure to clip to your personal newspaper, like, comment and share!

Newsclip® is the leader of Social News Discovery®.
Feedback



Welcome to the Newsclip® beta release!

Please enjoy the site during our beta phase and provide us with feedback on suggestions and issue details. Please remember that we are still in beta and there will be issues and site changes during this time.

Newsclip® the leading Online Social Newspaper, find trending articles through Social News Discovery®!

Invite Friends to Newsclip®

Invite your Facebook friends to follow you!

You can reopen the "Getting Started Tutorial" dialog from within the About menu in the top right corner.