Two years after Seth Klarman’s Hedge Fund, The Baupost Group, acquired a majority of iconic watchmaker Timex, my small town of Middlebury, Connecticut plunged into uncertainty. Timex, then called the ...

When it opened in 2001, watchmaker Timex’s new headquarters building in Middlebury, Connecticut, was an architectural wonder. Its all-glass walls and open floor plan put the entire 275-person company ...

But now the building is on the verge of being demolished, decades earlier than most buildings of its generation would be threatened. A distribution center has been proposed for development on the site ...