DPC Ends Hostile Bid for Dataproducts: DPC...
From Times Staff and Wire Reports
DPC Ends Hostile Bid for Dataproducts: DPC Acquisition Corp., citing “disarray in the financial markets,” ended its yearlong hostile effort to buy Dataproducts Corp. by scrapping a $190-million tender offer for the Woodland Hills maker of computer printers. The New York investor group, which already owns 7.5% of Dataproducts’ stock, had offered $10 cash for each of the remaining shares. But since launching the offer in October, DPC’s investment bankers had been unable to raise the cash.
