The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy Jetson who wrote (59572)	5/1/2006 10:13:02 PM
From: ild	Read Replies (2) of 110194

Lyon Ups Offer for Homebuilder Latest Offer Is the Final One By Mark Mueller Orange County Business Journal Staff The chief executive of Newport Beach-based William Lyon Homes Inc. on Monday increased his offer to buy all the shares of the company that he doesn’t already own by 9%. William Lyon’s latest offer of $109 a share is up from last month’s $100 a share bid to take the company he founded private. Lyon made an original bid of $93 a share in March. The $109 a share offer values William Lyon Homes at about $940 million. “I will not increase the offer price any further,” Lyon said in a statement on Monday. The revised offer is 44% higher than the closing price of William Lyon Homes prior to Lyon’s offer. Lyon and trusts he controls own about 89% of the company’s shares. A committee made up of members of the company’s board of directors will recommend that shareholders accept the offer, according to a company statement. Lyon also pushed back the expiration date on the offer until May 12. Lyon tried unsuccessfully to take the company private last year.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next