Salton goes private in deal with Harbinger

By Lisa Kerner

Charlotte, N.C., Dec. 9 - Harbinger Capital Partners and its affiliates completed the transaction to take Salton, Inc. private and now owns 100% of the company's outstanding commons stock.

It was previously reported that each outstanding share of Salton would be cancelled and converted into the right to receive $0.33 per share in cash, without interest.

In December 2007 Harbinger Funds became the controlling stockholder of Salton, with a 92% stake in the company.

Lake Forest, Ill.-based Salton markets and distributes branded small appliances, home decor and personal care products.

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