JOHNSON OUTDOORS WILL REMAIN PUBLIC COMPANY.
JOUT shareholders yesterday failed to approve aproposal by the Johnson family that would have taken the Racine, WI companyprivate by buying out remaining stockholders for $20.10 a share. JohnsonOutdoors has not yet disclosed the vote count on the measure, which requiredthe approval of two-thirds of shareholders, excluding members of the buyoutgroup and the Johnson family.
It’s widely believed that new institutionalshareholders in the company led the charge to ... Log in to view full article.
