Laser had hired Lehman Brothers a little over two years ago toshop the company around, but the effort has apparently borne nofruit. Lehman was hired shortly after the company's board firedchairman/CEO Michael Smirlock.
Laser officials say no offers were anywhere near what they werelooking for. The best offer, $4.30 per share from Ellington CapitalManagement, was rejected early this year.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
