Henley's Horoscope: Takeover By Libra?

Henley Group, the deal-happy New Hampshire conglomerate, could soon do its final public transaction. Lebanese investor Toufic Aboukhater's Libra Invest & Trade on Mar. 27 offered $22 a share in cash for the 75% of Henley that it doesn't already own. Aboukhater, who started buying Henley shares back in March, 1990, wants an answer to his proposal by Apr. 9. Wall Street is betting he'll have to sweeten his offer by $4 or $5.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.