In the past five years Financier Leopold Dias Silberstein, 52, has swept up 20 companies into his Penn-Texas Corp., sometimes by stock swaps after a tough proxy fight. Last week, driving for his biggest prize of all, Chicago heavy-equipment maker Fairbanks, Morse & Co. (TIME, March 12), Silberstein ran into a brass-knuckled pier 6 brawl. The opposition came not from Fairbanks, Morse but from within Silberstein's own camp. In a New York Federal Court, dissident stockholders demanded an accounting of Silberstein's management.
Worrying the rebels was the fact that the market value...
To continue reading:
or
Log-In
