Corporate takeover artist Irwin Jacobs wants to increase hisstake in Waukegan-based Outboard Marine Corp. because he feels thecompany's stock is undervalued, an analyst speculated Thursday.
"He's obviously looking for opportunity wherever he can findit," said the analyst, who spoke on condition that he not beidentified.
Jacobs announced Wednesday that his Minneapolis-based company,Minstar, would ask the Federal Trade Commission under provisions ofthe Hart-Scott-Rodino Act antitrust for permission to purchase morethan 25 percent but less than 50 percent of Outboard Marine'soutstanding stock.
The Federal Trade Commission has to issue a ruling because …
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