Manischewitz Co. to Be Acquired: The maker...
From Times Staff and Wire Reports
Manischewitz Co. to Be Acquired: The maker of kosher products said it will be acquired by a new company created by the New York merchant banking firm Kohlberg & Co. Manischewitz, based in Jersey City, N.J., said it definitively agreed to have Mano Holdings Corp. acquire all its outstanding shares for $42.5 million, or $800 each. The acquisition will be accomplished by a cash offer followed by a merger, the companies said. Mano Holdings includes certain members of Manischewitz senior management, including Chief Executive Robert M. Starr.
