June 27, 1989 |
Australian businessman Alan Bond lost a three-year battle Monday when the Australian Broadcasting Tribunal ruled that one of the companies he controls is unfit to run the country's largest television and radio network. The tribunal's rulings apply to companies, not individuals, but the tribunal left no doubt that its findings were aimed at Bond personally. "We consider that he would not be found to be a fit and proper person to hold a broadcasting license," Tribunal member Kim Wilson said in a statement.
January 8, 1990 |
A spokesman for the troubled Bond Corp. Holdings Ltd. said the company is willing to hear from Jeff Reynolds, a Los Angeles businessman who announced over the weekend that he wanted to take control of the Australian company. Bond Corp. executive Peter Lucas said Sunday that the company "looked forward to the next communication" from Reynolds but added that so far the proposal was lacking in detail.
December 23, 1987 |
Australia's Alan Bond has issued the San Diego Yacht Club and Sail America Foundation an odd ultimatum to allow him to compete for the America's Cup in 1988. He said if they don't change their minds within 10 days, he'll give up. San Diego already had announced plans for a wide-open competition in conventional 12-meter boats in 1991 when the New York Supreme Court last month ruled Sail America must meet Michael Fay's New Zealand challenge for '88 or forfeit the Cup.
September 21, 1989 |
Analysts paint a bleak future for G. Heileman Brewing Co., the nation's fifth-largest brewer and a big holding in the troubled empire of Australian industrialist Alan Bond. Bond on Tuesday unveiled a complex series of corporate maneuvers, including the planned sale of half his Australian brewery holdings, aimed at dealing with problems posed by the reported $4.6-billion debt that he ran up building a brewing, natural resources and media empire.
CALIFORNIA | LOCAL
January 29, 1987
The question of the day: What is a kookaburra? A. A hearty Australian beer. B. A kingfisher bird with a raucous, laughing call. C. An Aussie 12-meter yacht syndicate that is not the most popular with its countrymen Down Under. Both B and C answers are correct.
December 30, 1989 |
The core of Australian entrepreneur Alan Bond's empire, his brewing assets, was put into receivership on Friday, and the company said the move by disgruntled creditors could sink Bond's entire media and property group. Bankers to Bond Corp. Holdings Ltd.'s Australian breweries, its key asset, put Fourex, Swan, and Bond's other Australian beer operations into receivership. Bond Corp. had said it planned to sell the brewing assets to a subsidiary for $1.6 billion ($2 billion Australian).
September 24, 1987 |
Bond Corp. Holdings Ltd., the Australian conglomerate, continued its push into the American beer market Wednesday by agreeing to pay an estimated $1.2 billion for G. Heileman Brewing Co., the nation's fourth-largest brewer. The deal, which gives Bond such regional brands as Henry Weinhard's, Colt 45, Lone Star and Rainier, was reached after Heileman rejected a hostile $1.01-billion offer earlier this month and after the Wisconsin Legislature passed special anti-takeover laws.
April 30, 1988 |
Corporate raider Robert Holmes a Court, who on Friday finally succumbed to fallout from the October stock market crash, combined the manners of an aristocrat with the doggedness of the self-made man. The South African-born Holmes a Court, who sold out most of his corporate empire to arch-rival Alan Bond and the Western Australia State Government Insurance Commission, left an indelible mark on Australian business life.
September 9, 1988 |
The only three yacht clubs ever to hold the America's Cup moved Thursday to head off future Michael Fay-type challenges. The San Diego, Royal Perth and New York yacht clubs announced an agreement to establish a Trustees' Committee "to resolve disputes between participants in America's Cup XXVIII (in 1991)."
July 23, 1989 |
At first, the reaction was bemusement, with references to Crocodile Dundee. Then, there was amazement as brash Australian investors began to conquer some of America's corporate giants, with the enthusiastic help of international bankers who financed their deals to the hilt. But now, the glory days of the charismatic, globe-trotting Aussie entrepreneur appear to be on the wane.