GHJMGoldner Hawn Johnson and Morrison (investment firm)
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Although at the time GHJM doubled the equity it planned to put into the purchase to $60 million, critics contended that it was putting too little of its own money into the deal, planning instead to finance it by mortgaging ShopKo's real estate.
Subsequently, Badger Retail, the GHJM affiliate, sweetened the offer to $25.
Badger Retail, the GHJM affiliate, subsequently sweetened its offer to $25.