Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

Shareholders sued to block a Pacific Lumber bid.

October 31, 1985

Stanwood A. Murphy Jr., Warren Murphy and Suzanne Murphy Civian--major shareholders and descendants of a former Pacific chairman--sued in federal court in San Francisco for an injunction against Maxxam Group's $40-a-share takeover of San Francisco-based Pacific Lumber. The plaintiffs contended that the Maxxam deal requires approval of at least 80% of Pacific's shareholders, not majority approval as maintained by Maxxam. A hearing is scheduled for Friday.

Advertisement
Los Angeles Times Articles
|
|
|