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Fairfield avoids talking takeover.(stock price fluctuation fuel rumors of a takeover of Fairfield Communities Inc.)
Arkansas Business
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April 12, 1999|
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COPYRIGHT 1999 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Nation's 3rd-Ranked Timeshare Firm Tops $301 Million in Sales
Speculation of a takeover of Fairfield Communities Inc. was fueled by fluctuations in stock price during the past several weeks, a new chairman and Stephens Group Inc. taking a larger position in the company in the past year.
Fairfield's leadership won't address the takeover talk, unfounded or not. "We have a no-comment rule regarding any takeovers," says John McConnell, Fairfield's president and chief executive officer. "The rumors happen all the time in our business."
Despite a bumpy ...
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