Originally Posted by GuyNoir

Actually, they were the target of an LBO (leveraged buy out). The LBO model at the time said "find business without a lot of debt but steady cash flow from stable businesses, then buy out the company using debt." When done properly, it was a very successful business model.

At the time, I tried getting First Chicago Venture Capital to bid on the company, and did get a copy of the prospectus. A very interesting document.

Last bit of trivia: the LBO that eventually came out of the Damon - Nomad struggle was the last deal done by Drexel Burhan Lambert, Mike Milken's old firm.