Steel Partners cuts its bid price for Bull-Dog; Shares trading lower

August 9, 2007
By Ken Worsley

Yes, Steel Partners is still going after Bull-Dog. No, there is no longer a premium attached to the bid price. Steel Partners has cut its bid price to 425 yen per share, and the issue is trading at 522 right now. Yesterday, trading on Bull-Dog was halted after the share price fell by its daily limit.

Steel Partners has extended the bidding period for Bull-Dog shares to August 10.

Filed Under Barbarians at the Gate, M&A, Steel Partners