One of the few hostile battles left on Wall Street
Billed as one of the few drawn-out hostile battles left on Wall Street, Moore Corp's hostile bid for Wallace Computer Services Inc has made a few executives sweat. But at least it's keeping the advisory teams busy.
Toronto-based Moore launched its bid for Wallace at the end of July with a $56-a-share cash offer for the Illinois-based business forms producer. Wallace's board rejected the initial offer, supported by the company's shareholders. Now a proxy fight is under way, which Wallace
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