Add a Comment

Name:

Comment:


Harbinger Capital Shopping maker of the George Foreman grill

Harbinger Capital Shopping maker of the George Foreman grill

Date: 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.
See Full Story from Source