Saucony shareholder opposes sale to Stride Rite
23/06/2005
Fairview Capital Investment Management LLC, a 2.6% shareholder of footwear group Saucony Inc, plans to vote against the proposed sale of the company to the Stride Rite Corporation. It claims that the sale price is too low and that shares should be valued at $33 rather than the $23 being offered by Stride Rite.
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