Campeau rounds bend in fight for Federated. (department stores) (column)

Daily News Record, February, 1988 by Rutberg, Sidney

Campeau Rounds Bend In Fight for Federated

Robert Campeau, the determined chairman of Campeau Corp., has developed a secret formula for successful takeovers--he pays more than anybody else.

According to a source familiar with the Federated Department Store's negotiations with Campeau and others, there were no other cash offers much above $60 a share. When Campeau Corp. came up with the $770 million in additional financing that would come from the plan to sell Brooks Brothers to Britain's Marks & Spencer Ltd., and then offered $68 a share, that pretty much locked up the deal.

Kohlberg Kravis Roberts & Co., the leveraged buyout specialists, reportedly dropped out earlier this week and the other players, Dillard's Department Stores, Melvin...

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