bid of $3 per share of stock, w hich at this point had plunged to the 50 cent range, was too good to pass up. In late November 2000, Ricoh paid about $260 million for Lanier and took on its remaining $650 million in debt. Lanier no t only gained financial security but was now tied to one of its chief manufacturer/suppliers.

260 mill / 3......86,666,666.666666666666666666...