Wall Street Journal
Crawford Hill writes in long letter to his fellow Bancroft family members: "This is a tremendous business deal for DJ shareholders and will take the business into the next successful phase in a manner not possible if DJ remains independent. ... Yes … it is sad that we have to sell to him … but this has been a very long time coming. Evolution does not work overnight. The fact that we still get a premium is a bonus. And it is a helluva premium. Let us remember that this is America and capitalism is good and that, hello … We Own a Business." ||
From Saturday's WSJ: Bancroft wrangling intensifies.
