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Fedders Corp. (NYSE: FJC) is a leader in room air conditioning and air treatment with over $400 million in revenue |
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Fedders had two outstanding classes of publicly traded common stock with different voting rights, and retained TM Capital to advise regarding alternatives to simplify its equity structure |
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TM Capital assisted Fedders in structuring and completing a recapitalization whereby the two publicly traded classes of stock were consolidated into a single class of voting common stock |
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TM Capital also provided a fairness opinion to the Board of Directors of Fedders regarding the recapitalization |