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Johnson Products Company Inc

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June 26, 1991 | From Times Staff and Wire Reports
Johnson Withdraws Buyout Offer: The family that controls Johnson Products Co., the second-largest maker of black hair-care items, said it has dropped plans to take the company private in a $20.6-million buyout. The Chicago-based firm late last month offered $17.25 for each of Johnson Products 1.2 million outstanding shares. The shares represent 39% of Johnson's stock, with the remaining 61% owned by Chairwoman Joan B. Johnson, who founded the company with her former husband 37 years ago.
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BUSINESS
June 26, 1991 | From Times Staff and Wire Reports
Johnson Withdraws Buyout Offer: The family that controls Johnson Products Co., the second-largest maker of black hair-care items, said it has dropped plans to take the company private in a $20.6-million buyout. The Chicago-based firm late last month offered $17.25 for each of Johnson Products 1.2 million outstanding shares. The shares represent 39% of Johnson's stock, with the remaining 61% owned by Chairwoman Joan B. Johnson, who founded the company with her former husband 37 years ago.
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