YEAR IN REVIEW — 2006: BANTA ON THE LOOSE
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Erik Cagle
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Burton and Streeter continued to exchange letters as the leaves began to turn. After Streeter rejected his $47 a share bid, Burton came back with what he deemed to be his “best and final” bid of $50 per share, confident that Banta would not find any suitors willing to ante up. A proxy battle ending in a special share- holder vote seemed likely as Burton set an October 31 deadline for Banta to accept his offer.
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Erik Cagle
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