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Unnamed Suitor Takes a Run at Rawlings Sporting Goods Co.
Knight Ridder/Tribune Business News, November, 2002
By Gregory Cancelada, St. Louis Post-Dispatch Knight Ridder/Tribune Business News
Nov. 29--An unidentified party has expressed interested in acquiring Rawlings Sporting Goods Co., a move that pushed the sports-equipment maker's board to revive a "poison pill" plan in case the overture becomes hostile.
Rawlings did not identify the suitor in a news release issued late Wednesday. The company said only that the suitor was proposing a stock-for-stock transaction at a premium to Rawlings' share price.
The company said it was evaluating the suitor's interest in a possible acquisition but noted that the interest was preliminary and was subject to a number of conditions.
But Rawlings said its board of directors decided again to set up a...
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