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
ISSN: 2151-1845 / CDC10004H
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