Couple interesting things related to the Lason deal:
1. We reported in July 2004 that investment firm Charterhouse Goup bought Lason, a $140 million company for something like $30 million and the assumption of some senior indebtedness. According to the HOV Services press release, it paid $148 million for the company. On the surface that seems like a nice deal for Charterhouse. Maybe that’s why these guys are going private.
2. Also, former Lason President John Messigner was sentenced to a year in jail and ordered to pay $20 million in restitution for his part in the finacial scam that artificially ran up Lason’s stock price in the late 1990s.