Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

An aerospace firm's president offered a buyout.

April 24, 1987

Boca Raton, Fla.-based International Controls Corp. received the $32-per-share offer from its CEO Arthur Goldberg and Bear, Stearns & Co. The company's stock jumped more than 20%, or 5 5/8, to 32 7/8 on the New York Stock Exchange on the news. The estimated value of the transaction for all the outstanding shares not already owned by Goldberg and the New York investment bank and brokerage house is $82 million. International Controls is a manufacturing and engineering concern. Its products include airplane, electronic and energy-industry components as well as Great Dane truck trailers and power transmission structures.

Advertisement
Los Angeles Times Articles
|
|
|