Beckman Attracts New Investors: Following up on...
From Times Staff and Wire Reports
Beckman Attracts New Investors: Following up on Texas financier Lee Bass’ efforts to improve shareholder value at Beckman Instruments, a group that includes investment adviser George Soros has acquired a 5.2% stake in Beckman, according to a Securities and Exchange Commission filing. Soros bought 528,800 shares and Quantum Mutual Fund in Curacao, Netherlands Antilles, which his company advises, owns 426,200 shares. Soros’ business associate Purnendu Chatterjee holds 512,200 shares. Soros and Chatterjee bought their shares between Jan. 11 and 20 at prices ranging from $22.56 a share to $24.26 a share. The Bass investor group, which will make five proposals to Beckman’s board next Wednesday, owns 5.3% of the Fullerton company.
