In Brief: Carter-Wallace
This article was originally published in The Rose Sheet
Executive Summary
Carter-Wallace: Rejects Davis Companies' $20 per share bid, noting that CPI Development, which holds an "absolute majority" of Carter-Wallace common stock, "has no interest in selling its...shares in the transaction proposed," Carter-Wallace said Dec. 3. Davis Companies made the $928 mil. bid Nov. 15 after the consumer products company rejected its opening offer of $18/share on Nov. 1 ("The Rose Sheet" Nov. 25, In Brief)...