Saul Steinberg’s Reliance Group Holdings has disclosed that it has a 7.4% shareholding in Paradyne Corp, Largo, Florida as an investment: while Reliance is unlikely to bid for Paradyne, its move looks timely and could unlock the data communications equipment company for a predator; Paradyne has had an unhappy time ever since the Securities & […]
Saul Steinberg’s Reliance Group Holdings has disclosed that it has a 7.4% shareholding in Paradyne Corp, Largo, Florida as an investment: while Reliance is unlikely to bid for Paradyne, its move looks timely and could unlock the data communications equipment company for a predator; Paradyne has had an unhappy time ever since the Securities & Exchange Commission began investigating its contract with the US Department of Social Security.
