American Businessphones Inc. director Jean R. Stiegemeier...
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American Businessphones Inc. director Jean R. Stiegemeier has extended his buyout proposal to the Irvine-based business-telephone equipment company until July 29. Stiegemeier’s unsolicited offer to buy all of ABI’s stock for $11 per share, or about $18.4 million, was originally set to expire Monday. ABI President Frank J. Feitz said the extension will give the company’s board more time to study the proposal.
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