Spectrum Brands Holdings Inc (SPB)

[bman007]

One other thing. In news release, Assets are stated as $10.07 billion while Debt is listed at $4.44 billion (which includes pension obligations). Lawyers could make the case that with assets that much higher than debt, the Spectrum pieces could all be sold off with shareholders getting what is left over after debt is paid to lenders and bond holders.

Let’s face it, HUSSEY had an offer to buy the pet division. That offer would have deleted almost the same amount of debt as the current plan which dissolves common shares. Again, HUSSEY thinking of himself and LBO boys instead of shareholders. We own the company and that @*#$*$ needs to do whatever is necessary (including breaking up the company) to protect shareholders!!!