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May 20, 1988 | Associated Press
Corporate takeover artist Asher B. Edelman and a Midwestern building materials company have acquired a 7.6% stake in Payless Cashways Inc. and said Thursday that they may try to acquire the company. In documents filed with the Securities and Exchange Commission, Edelman and Sutherland Lumber-Southwest Inc. of Kansas City, Mo., said they had bought about 2.56 million shares of Payless, the nation's third-largest building materials retailer. Payless has about 33.
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BUSINESS
May 20, 1988 | Associated Press
Corporate takeover artist Asher B. Edelman and a Midwestern building materials company have acquired a 7.6% stake in Payless Cashways Inc. and said Thursday that they may try to acquire the company. In documents filed with the Securities and Exchange Commission, Edelman and Sutherland Lumber-Southwest Inc. of Kansas City, Mo., said they had bought about 2.56 million shares of Payless, the nation's third-largest building materials retailer. Payless has about 33.
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