CARTER-WALLACE HOLDERS APPROVE COMPANY'S SALE.* Carter-Wallace shareholders voted to approve the sale of the company to two separate buyers at a special shareholders meeting on Sept. 20. The deal was expected to close by the end of September. Shareholders will receive the agreed price of $20.30 per share. The company's consumer products business, which includes Arrid antiperspirant antiperspirant /an·ti·per·spir·ant/ (-per´spir-ant) inhibiting or preventing perspiration, or an agent that does this. an·ti·per·spi·rant n. and Trojan condoms, will be sold to Armkel LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a partnership of consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and company Church & Dwight Company Inc. and investment firm Kelfo & Company LP for $739 million cash less debt owed to third parties. The health care business will be sold to a group consisting of MedPoint Capital Partners LLC, the Carlyle Group  The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. The Carlyle Group is a Washington, D.C. , and the Cypress Group for $408 million. Mario Gabelli, manager of Gabelli Asset Management Inc., owner of 27.2% of the outstanding shares, said in September he was opposed to the terms of the sale. "We believe that the management of Carter-Wallace Inc. is selling the company out from under the shareholder at a price substantially below its intrinsic value Intrinsic Value 1. The value of a company or an asset based on an underlying perception of the value. 2. For call options, this is the difference between the underlying stock's price and the strike price. ," Mr. Gabelli said. |
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