The Raid · HJ-035

HE VOTED YES IN DECEMBER. THE STOCK SWAP VALUED IT AT TWO BILLION. ELSIE WAS RETIRED.

On December 14, 1994, five out of seven board members, including one critical voter, approved a stock swap that valued Meridian Foods at $2.1 billion. The decision came without knowledge of KKR’s subsequent plan to dismantle the company within eighteen months.

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