The management of Mitchell Labs decided to go private in 2002 by buying in all 3 million outstanding shares at $19.50 per share.
The management of Mitchell Labs decided to go private in 2002 by buying in all 3 million outstanding shares at $19.50 per share. By 2006, management had restructured the company by selling off the petroleum research division for $13 million, the fiber technology division for $9.5 million, and the synthetic products division for $21 million. Because these divisions had been only marginally profitable, Mitchell Labs […]
