Three months after a leading private equity firm sought to acquire all of Pre-Paid Legal Services Inc.’s common stock for $60 per share in cash, another suitor has come calling for the provider of legal services through the worksite and individual markets to more than 1.5 million families across North America.
This time it’s
Fred Russell, principal of Fredric E. Russell Investment Management Co., recently was quoted as saying Pre-Paid Legal is “a company ripe for a takeover, especially for a leveraged buyout.”
Meanwhile, Pre-Paid Legal founder Harland Stonecipher recently made a