The exclusivity agreement between Salton, Inc. (Lake Forest, Illinois, U.S.) and Harbinger Capital Partners Master Fund I, Ltd. had been scheduled to expire on Friday, but Salton extended the to Jan. 2, 2007. The agreement states that Salton will not solicit or negotiate any acquisition proposal involving Salton with any entity besides Harbinger. Salton and Harbinger are currently negotiating the possible combination of Salton and rival small electric housewares maker Applica, which Harbinger plans to acquire.
Salton emphasized that there can be no assurance that the transaction will occur or, if it does, when the deal will close.
to Daily News