15742 Wed, 12/10/2008 - 1:14pm
MIRAMAR, Fla.–Harbinger Capital Partners has finished a deal that has taken Salton Inc. private.
As a result of the transaction, Harbinger now owns 100 percent of Salton’s outstanding stock, according to a statement from Salton. Salton merged with Harbinger’s Applica Holding in January, resulting in Harbinger owning 94 percent of Salton’s outstanding shares.
One month later, Salton announced that it had created a corporate structure by which the merged entity would be known as Salton Inc. Under that structure, the company uses Applica as the name of its operating unit in the United States, and Salton as the name of its unit in Europe—both under the Salton Inc. umbrella.