Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

Castle & Cooke sent an appeal to Jacobs.

March 19, 1985

The Honolulu-based firm sought to placate Irwin L. Jacobs, its major investor, over C&C's plan to merge with Flexi-Van Corp. but added that "any effort on your part to disrupt the proposed transaction would be very damaging." C&C wrote Jacobs that the merger offered the best course open to the cash-short company, given the threat by its lenders to foreclose this month. "Given your relationship to Castle & Cooke," the letter stated, "if the proposed transaction is adversely affected by your actions, other Castle & Cooke shareholders as well as the company would have ample grounds to hold you personally responsible for depriving them of the benefits of the merger." Jacobs had no comment.

Advertisement
Los Angeles Times Articles
|
|
|