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Industry: Email Alert RSS FeedBogus DH bidder sanctioned. (bidder for Dayton Hudson Department Stores)
Daily News Record, June, 1989
BOGUS DH BIDDER SANCTIONED
WASHINGTON (FNS) -- The man who made a bogus tender offer for Dayton Hudson Department Stores in 1987, has been sanctioned by the Securities and Exchange Commission and banned for at least one year from the securities business.
Paul David Herrlinger,47, a former analyst with Capital Management, Inc., in Cincinnati, has agreed to a settlement with the SEC in which he consents to its order and findings, the SEC reported Wednesday.
The SEC found that on June 23, 1987, at a time when Washington's Haft family was attempting an unsuccessful hostile takeover of Dayton Hudson, Herrlinger called the Dow Jones News Service in Pittsburgh and said he and Stone, Inc., were making a $70-a-share tender offer for Dayton Hudson....
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