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Article: Ronson's Response to Steel Partners' Allegations.
- Article from:
- PR Newswire
- Article date:
- January 28, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ronson Corporation (BULLETIN BOARD: RONCP) today reported:
Steel Partners II (Steel), the limited partnership used by Warren Lichtenstein (Lichtenstein) has issued a misleading press release attacking Ronson Corporation's Chief Executive Officer, among others. Lichtenstein is referred to as a "Corporate Vulture" who preys on small-cap companies. The release was issued by Lichtenstein's newly hired public relations advisor, Sitrick and Company, whose founder has been called the "Wizard of Spin."
Responding to the allegations, Daryl Holcomb, Chief Financial Officer of Ronson, stated, "Steel presumes to criticize Mr. Aronson, Ronson's CEO, whose policies ...