Court Orders Manischewitz Vote Delay: An Ohio...

Court Orders Manischewitz Vote Delay: An Ohio state court ordered B. Manischewitz Co. to postpone until June 30 a shareholder vote on a Beverly Hills investment firm’s $40.1-million takeover offer. The vote was scheduled for Thursday. The delay--the result of a lawsuit filed by a dissident shareholder of Manischewitz--will give National Foods Inc. more time to nail down financing for its own $43.3-million bid for the Jersey City, N.J., company. However, if the plaintiff fails to post a $100,000 bond by this afternoon, the meeting will proceed as planned, according to Levine, Tessler, Leichtman & Co., the Beverly Hills firm whose bid has already been approved by Manischewitz’s board.