|
|
Article: Carson's repeats Younkers bid, but analysts say price too low.(Brief Article)
- Article from:
- Daily News Record
- Article date:
- April 7, 1995
- Author:
CopyrightCOPYRIGHT 1995 Conde Nast Publications, Inc. 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)
|
NEW YORK -- Analysts insist the deal won't fly at that price, but Carson's again extended its $19-per-share cash bid for Younkers Thursday, saying it controls 40 percent of the 53-unit department store's shares.
The offer, extended for the third time in two months, now expires at midnight EDT May 3, two weeks before Younkers' May 17 annual meeting.
Carson's said it snared another 10 Percent of Younkers stock in the last five weeks to control 40 percent of its 9.2 million shares. As of April 5, Younkers shareholders tendered 2,520,940 shares, or about 28 percent of the stock, in the Des Moines, Iowa-based chain, Carson's reported.
The 51-unit Carson's, ...