Martha Stewart Living Omnimedia said Wednesday that founder Martha Stewart is expected to return to the company’s board in the third quarter and has hired an advisor to explore possible deals.
The company, founded by Stewart, also named Lisa Gersh president and COO.
MSLO said that Blackstone Advisory Partners, an investment and advisory firm, has been hired “to review and respond to various parties that have expressed interest in potentially partnering with or investing in the company, as well as exploring other opportunities.”
MSLO shares soared in early trading driven in part by hopes of a potential deal.
Meanwhile, Stewart's return, which the New York Post had predicted earlier this year, will come after the end of a five-year period that was part of her settlement over insider trading charges.
Stewart spent five months in prison after being convicted of lying to investigators about a 2001 sale of Imclone shares. A settlement for a related civil case with the SEC from Aug. 2006 barred her from serving as a board member or officer in a public company for five years.
Showing posts with label New York. Show all posts
Showing posts with label New York. Show all posts
Wednesday, May 25, 2011
Saturday, May 21, 2011
Who's My Daddy?(Schwarzenegger Scandal)
Baena kept the 13-year-old boy in the dark, says the New York Post, and neighbors say he even referred to Baena's current boyfriend as dad.
The paper says Baena's secrecy over paternity ran so deep, her own sister didn't even know until this week. That's strange, because some of Baena's friend who have spoken with TMZ tell us they've know for a while.
As TMZ first reported, Baena didn't list Arnold as the father on the child's birth certificate ... instead putting the name of her husband at the time. But when Baena filed for divorce, she contradicted the birth certificate by saying her husband was NOT the daddy.
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