TITLE

Ryerson Pursues Sale--Without Harbinger

PUB. DATE
September 2007
SOURCE
Metal Center News;Sep2007, Vol. 47 Issue 10, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the move of Ryerson Inc. to pursue its sale to Platinum Equity LLC despite the disapproval of Harbinger Capital Partners. Terry Rogers, treasurer and vice president of finance of Harbinger, is confident that shareholders will support their decision to sell the company. It is noted that Harbinger is dissatisfied with the performance and direction of the company.
ACCESSION #
26967023

 

Related Articles

  • Ryerson Delays Contentious Board Meeting.  // Metal Center News;Apr2007, Vol. 47 Issue 5, p10 

    The article announces the postponement of Ryerson Inc.'s May 11, 2007 stockholder's meeting in Chicago, Illinois. It has been reported that Ryerson is facing a proxy fight from Harbinger Capital Partners company, a major stockholder which plans to seat seven new members on Ryerson's board....

  • Ryerson takes aim at hedge fund. Tita, Bob // Crain's Chicago Business;8/6/2007, Vol. 30 Issue 32, p3 

    The article reports that Ryerson Inc. is accusing the company Harbinger Capital Partners of trying to get control of the Chicago, Illinois-based metals distributor without paying anything to stockholders. It is stated that the company has urged shareholders to vote against a slate of director...

  • Harbinger Capital Calls for New Ryerson Board.  // Metal Center News;Jan2007, Vol. 47 Issue 1, p12 

    The article focuses on the nomination of seven independent directors for the Ryerson Board by Harbinger Capital Partners, a minority stake holder of Ryerson Inc., a steel distributor in North America. Several reasons for the nomination included the lack of focus of board members on profitability...

  • Agitator eyes Navistar. Tita, Bob // Crain's Chicago Business;5/28/2007, Vol. 30 Issue 22, p2 

    The article reports that Harbinger Capital Partners have bought 5.9 million shares of truckmaker Navistar International Corp. stocks. According to Harbinger, the $367.5 million worth stake at Navistar is a passive investment, indicating it does not intend to press for big changes at the company....

  • Harbinger: Salton Not For Sale. Davis, Avram // Mergers & Acquisitions Report;6/22/2009, Vol. 22 Issue 25, p19 

    The article reports on the statement by New York-based hedge fund Harbinger Capital that Salton Inc., a home appliance business, is not for sale. A "New York Post" article said Harbinger was likely to sell Salton and claimed it could get about 500 million U.S. dollars. Chief executive Terry...

  • Restructuring RYERSON. Miller, Abbe // Modern Metals;Sep2009, Vol. 65 Issue 8, p32 

    The article focuses on the acquisition by Platinum Equity LLC of Ryerson Inc. for the improvement of their basic business operations. Platinum stated that they are setting corporate strategies for the growth of Ryerson by creating value and working to unlock the potentials of Ryerson. Also noted...

  • Largest Playtex Holder Becomes Activist. J. R. C. // Mergers & Acquisitions Report;2/26/2007, Vol. 20 Issue 8, p1 

    This article reports on the activism of Harbinger Capital Partners, the largest shareholder of Playtex Products Inc. It reveals that Harbinger has 19.8 percent shares in Playtex. Wall Street investors initially responded positively to the activism of Harbinger which saw an increase in Playtex's...

  • OGLEBAY SAYS BIDS TOP HARBINGER OFFER. Dodosh, Mark // Crain's Cleveland Business;10/1/2007, Vol. 28 Issue 39, p1 

    The article reports that Oglebay Norton Co. has received all-cash buyout proposals at prices that exceeds unsolicited $31-a-share tender offer put forth by affiliates of the company Harbinger Capital Partners. According to Thomas O. Boucher, chairman of Oglebay's board, Oglebay officials remain...

  • A Harbinger of More Moves. Farrell, Mike // Multichannel News;8/18/2008, Vol. 29 Issue 32, p3 

    The article discusses the business condition of Cablevision System Corp. after Harbinger Capital Partners appears to own 4.9% or 11. 45 million of its outstanding stocks. The 11.45 million shares makes Harbinger one of the fifth largest Cablevision shareholders outside the Dolan family. It cites...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics