Investment Bankers Hired to Weigh Whittaker Offers
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Whittaker Corp. has hired two Wall Street investment bankers to evaluate offers it received to sell all or part of the company.
Whittaker, which supplies Boeing Corp. and Airbus Industries with aircraft parts and systems, said it is being advised by CIBC Oppenheimer & Co. and Credit Suisse First Boston Corp., a unit of Credit Suisse Group, Europe’s fourth-largest bank.
The Simi Valley-based company did not name any of the firms that have expressed an interest. There have been reports that shareholder Michael Tennenbaum made an unsolicited $208-million offer for Whittaker, which the company said it was not taking seriously.
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