Shareholders Show Interest In Oneida

Law360, New York (July 13, 2006, 12:00 AM EDT) -- In a move that could accelerate Oneida Ltd.’s emergence from Chapter 11, the embattled flatware maker has received two unsolicited proposals from shareholders hoping to purchase the company.

Oneida announced the news on Thursday, revealing that both DE Shaw Laminar Portfolios LLC and Xerion Capital Partners had expressed interest in acquiring the business.

"It is gratifying to see that Oneida's business plan has drawn interest from two substantial current shareholders," said Oneida Chairman Christopher H. Smith. "The board noted that the proposal expressed support for Oneida's...
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