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Carter-Wallace majority shareholder rejects financier's $835 mil. takeover bid; Trojan wars?.

This article was originally published in The Gray Sheet

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Executive Summary

TROJAN WARS?: FINANCIER DAVIS' $18-PER-SHARE BID FOR CARTER-WALLACE is rejected by CPI Development, the Princeton, New Jersey-based company's largest shareholder, Carter-Wallace reports Nov. 1. CPI, which is headed by Carter-Wallace Chairman and CEO Henry Hoyt and Richard Cruess, who sits on the Carter-Wallace board, may be hoping for a bidding war over the consumer products and pharmaceuticals firm.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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