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AccessMyLibrary    Browse    G    Greenwich Time (Greenwich, Connecticut) (via Knight-Ridder/Tribune Business News)    Mercury turns up the heat on Whilshire.

Mercury turns up the heat on Whilshire.

Publication: Greenwich Time (Greenwich, Connecticut) (via Knight-Ridder/Tribune Business News)

Publication Date: 28-FEB-06
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COPYRIGHT 2006 Greenwich Time

Byline: Julie Fishman-Lapin

Feb. 28--Greenwich investment management firm Mercury Real Estate Advisors has stepped up its attack on New Jersey-based Wilshire Enterprises Inc., saying it is prepared to initiate a hostile takeover of the company. In a letter sent to Wilshire's board of directors yesterday, Mercury said it will seek to acquire all of Wilshire's outstanding common shares for $8.50 per share in cash.

Wilshire is an American...

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