OTHER NEWS - May 25, 1994
From Times Staff and Wire Reports
Health O Meter Swallows Up Mr. Coffee: Mr. Coffee Inc. said it has agreed to be gulped by Health o meter Products Inc., a smaller company that makes medical, office and household scales, for $135 million in cash, or $15.50 a share. The announcement was a surprise to some in the appliance industry, who had expected that the Ohio manufacturer of coffee makers would be sold for a higher price to an established industry player. Health o meter had sales of $67.6 million last year, less than 40% of Mr. Coffee’s $175 million. On Nasdaq, Mr. Coffee shares fell 62.5 cents to $14.50 and Health o meter rose 62.5 cents to $6.25.
