Congratulations to Applica for getting acquired

The Board of Directors of Applica talked Harbinger and Nacco into a bidding war to purchase the firm.

The bidding started at $6 a share in stock and ended at $8.25 a share in cash.

Congratulations to the Board of Directors for getting their shareholder a 37.5% bump.

The people on this board are:

SUSAN J. GANZ
Chief Executive Officer
Lion Bros. Co., Inc.

LEONARD GLAZER
Private Investor

WARE H. GROVE
Senior Vice President and Chief Financial Officer
Century Business Services, Inc.

THOMAS J. KANE
President
TJK Sales, Inc.

J. MAURICE HOPKINS
President
Merchandise Sales Corp.

CHRISTOPHER B. MADISON
Principal
Mast Capital Management, LLC

JERALD I. ROSEN
Attorney-at-Law
Certified Public Accountant

HARRY D. SCHULMAN
Chairman of the Board, President and Chief Executive Officer
Applica Incorporated

PAUL K. SUGRUE
Dean - School of Business
University of Miami