Whose Value?

Weinberg, Neil
October 2006
Forbes Asia;10/16/2006, Vol. 2 Issue 17, p42
The article reports on the proposed leveraged buyout at Fairchild Corp. In August 2006, Jeffrey Steiner, CEO of Fairchild, offered to take the $342 million distributor of sporting goods and aerospace gear private. He proposed $2.73 a share, which was a 22% premium to the average price Fairchild had traded at over the previous ten days. But a committee of five independent directors found the offer inadequate, so Steiner and a partner withdrew it.


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