BEHIND THE NEWS: Great Lakes board battled for sweet price from suitor Bulriss not talking Legal costs singe ITT
Great Lakes Chemical Corp. shareholders have had a lot to feel disappointed about in recent years. But there’s no way they can feel let down over the board’s handling of the company’s $1.5 billion sale to Connecticut-based Crompton Corp. A new regulatory filing shows directors of Indianapolis-based Great Lakes went to extraordinary lengths to extract every penny possible from Crompton before sealing the sale March 8. A blow-by-blow account contained in the filing shows the Great Lakes board first began…