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Article: Carson board picks Bluestone Store chain's CEO replaces major investor Dickstein as chairman
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- March 27, 1996
- Author:
CopyrightCopyright 1996 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Carson Pirie Scott & Co. Chief Executive Officer Stanton J.
Bluestone has been named chairman of the board, replacing Mark
Dickstein, the New York investor who became the company's largest
shareholder when it emerged from bankruptcy in 1993.
Dickstein, who led the Milwaukee-based department store chain's
unsuccessful takeover attempt against Younkers last year, cut his
stake in Carson this month from 7% of the shares outstanding to about
2.5%.
The Dickstein partnerships sold 574,700 shares at $20.48 to $20.79
on March 5 and 6, and another 170,000 shares between March 6 and 14
for about $21 a share. Dickstein will remain on Carson's board as a
director.
Also on Tuesday, Carson's board ...