Couple interesting things related to the Lason deal:
1. We reported in July 2004 that investment firm Charterhouse Goup bought Lason, a $140 million company for something like $30 million and the assumption of some senior indebtedness. According to the HOV Services press release, it paid $148 million for the company. On the surface that seems like a nice deal for Charterhouse. Maybe that’s why these guys are going private.
2. Also, former Lason President John Messigner was sentenced to a year in jail and ordered to pay $20 million in restitution for his part in the finacial scam that artificially ran up Lason’s stock price in the late 1990s.
By Petr Kramerius, Regional Manager at Infosource Following their decision to integrate their businesses last year, Ricoh and Toshiba have finalized the establishment of a joint venture to be known...