OTHER NEWS - Feb. 25, 1995
- Share via
Hostile Suitor to Nominate Teledyne Slate: Steel maker WHX Corp. advised the Century City-based conglomerate that it intends to nominate its own slate of eight directors--including WHX Chairman Ronald LaBow--as part of its previously announced bid to gain control of Teledyne and put the company up for sale. Teledyne, whose annual meeting is April 26, blasted the move as a “thinly veiled attempt” by WHX to pursue its earlier effort to buy Teledyne for $1.2 billion, which Teledyne rejected. Meanwhile, WHX said it plans to sell about 40% of its Wheeling-Pittsburgh Corp. steel unit to the public in an initial offering.
More to Read
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.