Falcone Under Fire For Schuff International’s Tender Offer

Mani

Published onSeptember 2, 2014

Updated on May 13, 2021

Philip Falcone’s new investment vehicle, HC2 Holdings Inc (OTCMKTS:HCHC), is being attacked by critics for its move to take over a little known but profitable steel fabricator, Schuff International, Inc (OTCMKTS:SHFK). The company's shares are traded in the over-the-counter market.

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The investment vehicle floated a tender offer last week for Schuff shares to consolidate its ownership in the firm.

HC2 acquired 65% in May

Falcone, founder of Harbinger Capital Management, created HC2 Holdings this spring from a shell company that’s also off the main exchanges. The investment...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Falcone Under Fire For Schuff International’s Tender Offer

HC2 acquired 65% in May

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