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Posted on: Thursday, February 04, 2010 4:03 AM
Author: Scribd Feed
Subject: Case Study - Sunbeam and Albert J. Dunlap - Maximization Of Shareholder Wealth…But At What Cost 1
| SUPPLEMENT FOR CASE 29 SUNBEAM AND ALBERT J. DUNLAP: MAXIMIZATION OF SHAREHOLDER WEALTH…BUT AT WHAT COST? (B) THE FALL OF ALBERT J. DUNLAP Albert J. Dunlap, planted at the helm of Sunbeam in July 1996, appeared to have reached his goal of cutting Sunbeam to the core. By mid-1997 he was ready to sell the remains and move on; however, he was unable to find a suitable bidder for the company. Thus, he implemented a different strategy. On March 2, 1998, Sunbeam announced the purchase of Coleman, First Alert, and Signature Brands for a total price of $2.375 billion. The same day, the SEC released a |
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