Harbinger Capital Shopping maker of the George Foreman grill
| June 17th, 2009 | ||
| Harbinger Capital Partners is exploring a possible sale of Salton, a home-appliance company that makes the George Foreman grill. According to an article from the New York Post, the hedge fund manager has hired investment bank Lazard to review its options. In response to the sale rumors, a company spokesman claimed that they are only researching potential financing options. The article also reported that the hedge fund has recently been altering its strategy from equity to a greater emphasis on distressed debt opportunities. | ||
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Harbinger Capital Partners LLC |
Related People: Philip Falcone
Related Entities: Harbert Management Corporation*;
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles
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