OK, there has to be more to Aderans the wig maker than their healthy balance sheet for Steel Partners and Unison Capital to fight over it. Sure isn't the cooperative management team. Do the funds see market potential for wigs and male pattern baldness that eludes the rest of us? I am guessing that there is something else of value in that balance sheet.
Interestingly, Steel Partners has a real concern that echoes the true spirit of shareholder value preservation-the tender offer from Unison is arrogantly low-
how will shareholders vote? Stay tuned till tomorrow!!
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