BUSINESS PEOPLE; Colt Chairman Cites Stockholder Gains

''Stockholders have always done very well by us,'' said David I. Margolis, chairman and chief executive of Colt Industries. ''It's been our history.'' The deal collapsed and Colt's stock fell. It had been a rich proposal. ''The price offere...

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Bibliographic Details
Published inThe New York times
Main Author Wedemeyer, Daniel F. Cuff and Dee
Format Newspaper Article
LanguageEnglish
Published New York, N.Y New York Times Company 22.07.1986
EditionLate Edition (East Coast)
Subjects
CUFF, DANIEL F
MARGOLIS, DAVID I
REFORM AND REORGANIZATION
WEDEMEYER, DEE
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Summary:''Stockholders have always done very well by us,'' said David I. Margolis, chairman and chief executive of Colt Industries. ''It's been our history.'' The deal collapsed and Colt's stock fell. It had been a rich proposal. ''The price offered was twice the market value for Colt at the time,'' Mr. Margolis said. ''There was no way we were not going to give our stockholders an opportunity at that.'' His wife, Barbara, is New York City's Commissioner of Protocol -the city greeter. ''A much prettier version of Grover Whalen.'' Mr. Margolis said.
ISSN:0362-4331