A group of shareholder firms retaining 6.8%of...
- Share via
A group of shareholder firms retaining 6.8%of Di Giorgio Corp.’s shares said in an SEC filing that they will urge Gabelli partners to raise their $238-million bid for the San Francisco company. The Gabelli partnerships offered to buy Di Giorgio, a food processing, building products and real estate company, for $28 per share cash on June 25. The partnerships making the offer include Gabelli/Rosenthal & Partners and G&R; Partners. If the Gabelli partners are unwilling to make a higher offer, the shareholder group, which is led by London-based Mim Ltd., said it will attempt to replace Di Giorgio’s board with one which will adopt policies geared to increasing the value of the company’s stock.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.