Dataproducts buys back stock after takeover fails. (DPC Acquisition Corp. withdrew offer)

Los Angeles Business Journal | March 12, 1990| | Copyright

Dataproducts buys back stock after takeover fails

New York group couldn't obtain financing for deal

Dataproducts Corp., a Woodland Hills-based computer printer manufacturer that until very recently was a potential hostile takeover subject, last week completed a cash tender offer that repurchased 22 percent of its outstanding common stock.

As a result of the offer, which brought the book value of Dataproducts stock down to $8.64 a share, the stock reached a new 52-week low of $4.875 -- in contrast to its 52-week high of $17.50 when DPC Acquisition ...

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