May 10, 1989 |
Breco Holding Co., the parent of Los Angeles-based Boys Markets, said Tuesday that it will merge with Yucaipa Holding Co. of Claremont to form a 100-store supermarket chain with operations in California, Kansas and Missouri. Terms of the deal were not disclosed by the companies, which are privately held. Yucaipa operates 24 stores, including the Food 4 Less warehouse markets in the San Bernardino and Moreno Valley areas. It also operates Falley's Inc. in Kansas and Missouri. Breco operates 70 stores, including 24 in the Boys Markets chain, which was founded in 1924.
October 6, 1992 |
Scandinavian Air Systems announced Monday that it will team up with a Houston businessman who is among five bidders for Continental Airlines. SAS, which owns nearly 18% of Continental's stock, said it will work with Houston Air Inc. to acquire the Houston-based carrier, which is in the midst of bankruptcy reorganization. Four other bids have been submitted, with Houston Air's $385-million offer the second lowest.
October 7, 1992 |
The bidding for Continental Airlines heated up Tuesday, with Aeromexico announcing that it has agreed to join a group led by corporate raider Charles Hurwitz in an improved $400-million offer for the carrier. Continental later announced that a bid submitted by Air Canada and a group led by a pair of Ft. Worth investors had been increased by $25 million Monday to $425 million.
September 17, 1992 |
Lufthansa German Airlines and Los Angeles financier Marvin Davis became the latest bidders for Continental Airlines, submitting a $400-million joint proposal Wednesday for the troubled carrier. It isn't the first time Davis has shown interest in buying an airline. Several years ago, the former owner of 20th Century Fox made separate, unsuccessful bids for the parent companies of Northwest Airlines and United Airlines.
November 3, 1992 |
At least two investor groups met a Monday deadline to make formal bids for Continental Airlines, giving the carrier a choice between reorienting itself toward Canada or Mexico. At the same time, Lufthansa German Airlines, which had shown an interest in making a formal bid with Los Angeles businessman Marvin Davis, dropped out on Monday.
August 28, 1992 |
Air Canada teamed with two Texas investors Thursday to announce a $400-million bid to buy a controlling interest in Houston-based Continental Airlines, the third offer for the financially troubled carrier. Continental, which is operating under Chapter 11 bankruptcy protection, already has attracted a $350-million offer from Houston money man Charles E. Hurwitz and his company, Maxxam, as well as a $385-million proposal from a group led by Mexican investor Alfredo Brener.