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Hyde: Blue Star is 2d fiddle to Silvershoe. (Hyde Athletic Industries Inc. acquisition, athletic shoe industry)
Hyde: Blue Star is 2d fiddle to Silvershoe PEABODY, Mass. -- Charles Gottesman, treasurer of Hyde Athletic Industries, Inc., said that a previous acquisition agreement with Silvershoe Partners, New York, prevents the company from cooperating with Blue Star Holding Inc., Cambridge, which made an unsolicited bid for Hyde two weeks ago.
James Darrow, outside counsel for Blue Star, declined to comment on Hyde's stated inability to cooperate with other acquisition offers.
Blue Star's offer for a cash merger at $9.50 per share came after Silvershoe Partners, an investment group, reached an agreement to acquire Hyde for $8.50 a share.
"We don't know anything …
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Magazine article from: Footwear News
Pulda, Ellen
January 16, 1989
700+ words
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Magazine article from: Footwear News
Pulda, Ellen
January 2, 1989
700+ words
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- Silvershoe link to Hyde OKd. (Hyde Athletic Industries Inc. merger with...
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Magazine article from: Footwear News
Pulda, Ellen
June 26, 1989
700+ words
