MFW Go-Private Deal Was Fair To Investors, Atty Says

Law360, Wilmington (March 12, 2013, 7:07 PM EDT) -- Billionaire Ronald Perelman's MacAndrews & Forbes Holdings Inc. didn't shortchange public investors when it took affiliate M&F Worldwide Corp. private in 2011, despite concerns inherent to Perelman's presence on both sides of the deal, an attorney for the holding company told a Delaware judge on Tuesday.

Over a year after the deal closed, handing Perelman the 57 percent of MFW he did not already own, some MFW shareholders are still pressing a class action alleging the deal was opportunistic and unfair. 

At a hearing in Delaware...
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