GHJMGoldner Hawn Johnson and Morrison (investment firm)
Copyright 1988-2018, All rights reserved.
References in periodicals archive ?
A number of stakeholders in ShopKo had criticized the GHJM's initial offer as too low.
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.
With that, the ShopKo special committee requested the Sun Capital group and GHJM's Badger Retail affiliate to each make their "best and final offer."
Subsequently, Badger Retail, the GHJM affiliate, sweetened the offer to $25.50 per share.
At the time GHJM reportedly doubled the amount of equity it planned to put into the purchase to $60 million.
The decisive round of bidding saw both GHJM and Sun Capital offer $29 per share.