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Coleman Takes Perelman Bid: Coleman Co. said...

Coleman Takes Perelman Bid: Coleman Co. said it accepted a $545-million buyout offer from takeover strategist Ronald O. Perelman, who apparently outbid the company’s founding family. MacAndrews & Forbes Holdings Inc., which is controlled by Perelman, agreed to pay $74 a share in cash for the Wichita, Kan.-based company, which makes the famed Coleman lantern, other outdoor recreation equipment and home heating and cooling equipment. The Coleman family, which controls 27% of Coleman’s 7.1 million common shares outstanding, had offered $64 a share Feb. 14 to take the company private in a debt-financed takeover. A statement announcing the deal did not indicate whether other bids were received.


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