Jacobs protested the C&C;, Flexi-Van merger.
In a filing with the SEC, Minneapolis investor Irwin L. Jacobs, who heads a group holding a 12% stake in Honolulu-based Castle & Cooke Inc., claimed that the merger terms were designed “to preclude competitive bidding” for the company. Jacobs said his group “might be willing to offer a transaction substantially more favorable” to C&C; shareholders. In a letter to the company’s directors requesting a response by Monday, he threatened “to pursue all appropriate remedies” if the merger goes forward.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
