Investors offer fractured response to Steel Partners’ revised plan

Fri Jun 19, 2009

Investors in Warren Lichtenstein’s embattled Steel Partners were not of one mind in their response to his revised restructuring plan. While a majority of investors support an option to receive cash and a share of a public company, about a third of investors remain unhappy with the options offered by the firm.

Last year, investors representing 40% of the assets in the $1.23 billion Steel Partners II sought to redeem from the...

ISSN: 2151-1845 / CDC10004H

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