Horn & hardart may oppose a bid for diversifoods.

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Horn & Hardart, whose $12-a-share offer in cash and stock for Diversifoods was rejected last week, said in a Securities and Exchange filing that it is “considering various steps” that it


could take to oppose Pillsbury’s proposed cash bid of $11.50 a share for the firm. Las Vegas-based Horn & Hardart, which holds a 8.4% stake in Diversifoods, said the possible steps


include “communicating with other shareholders regarding the possibility of taking unified action.” Pillsbury has shares and options that if exercised would bring its Diversifoods holdings


to 39%. MORE TO READ