Business
A federal appeals court Tuesday left in place, for the time being, a preliminary injunction that prevents Hanson Trust PLC from buying any more SCM Corp. shares or voting the shares that it now holds.
Sept. 18, 1985
Hanson Trust PLC forged ahead Tuesday with its bid to acquire SCM Corp. after a divided federal appeals court voided the “lock-up option” that SCM used to keep its key assets in friendly hands.
Jan. 8, 1986
Hanson Trust PLC, frustrated in its attempt to acquire SCM Corp. through a tender offer, can resume purchases of the company’s stock from individual shareholders or on the open market, a federal appeals court ruled Monday.
Oct. 1, 1985
Hanson Trust PLC would make a better bid than the $74-a-share tender offer that another bidder has made for SCM Corp. if an option under which the rival group can buy one of SCM’s two best business lines is withdrawn, an attorney for Hanson Trust said Monday.
Sept. 24, 1985
Two weeks after revealing that they were in negotiations, SmithKline Beckman Corp. and Beecham Group PLC announced Wednesday that they have agreed to merge, creating the world’s second-largest pharmaceutical company.
April 13, 1989
Autos
Tustin Acura, which opened its doors in March, 1986, has been in the unique position of being the only foreign-owned new car dealership in the county.
May 1, 1990
In a surprise announcement today, Bristol-Myers Co. and Squibb Corp. said they have agreed to merge in an $11-billion stock-swap deal that would create the world’s second-largest pharmaceutical concern.
July 27, 1989
A group led by U.S. corporate financiers Wasserstein Perella & Co. said today it has made a friendly $3.48-billion cash offer for Gateway Corp.
July 10, 1989
Gulf & Western Industries Inc., citing sharply higher interest expenses resulting from its acquisition of the publisher Prentice-Hall Inc., said Wednesday that its net earnings fell 33% in its fiscal second quarter and 31% in the six months.
March 7, 1985
Grand Metropolitan PLC, London, named Ian Martin, currently head of its Minneapolis-based Grand Metropolitan Food Sector that includes the Pillsbury Co. and Burger King, to the additional post of deputy group chief executive of Grand Metropolitan PLC.
March 6, 1991