Steven Guy of The Parkwood Group took the role of exclusive agent to LSSM on the deal, while Dykema Gossett acted as Revolutiona[euro](tm)s counsel.
Pennsylvania-based LSSM supplies the global industrial, apparel, military, medical, packaging and hospitality sectors with ribbons, bows, ties, straps, webbing and other products.
While there are good theoretical reasons to believe that shares traded in LSSM need not have the same price level in equilibrium, what remains to be understood is whether information from one market can be transferred across to the other segmented market (whether EMH would prevail even in LSSM) and what factors affect this transference process and its underlying impacts on market outcomes.
Our objectives in the research described are threefold: First, we wish to test whether the inside information possessed by some traders in one LSSM is reflected in the equilibrium prices of both asset markets.
The market structure inspired by the LSSM phenomenon provides a good opportunity to study insider behavior and its direct impacts on the market outcomes.