September 16, 1988 |
American Brands said Thursday that Brooke Partners LP intends to acquire more than $15 million worth of American Brands' voting stock and may acquire more than 50% of its voting securities. The cigarette and liquor giant said Brooke Partners stated its intentions in a federal antitrust filing. The announcement was made Thursday evening after the stock market closed. American Brands dropped 37.5 cents to $48.375. It has about 110 million shares outstanding.
July 21, 1990 |
American Brands said Friday that its MasterBrand Industries Inc. unit agreed to acquire Moen Group Inc., a maker of kitchen and bathroom faucets, from the buyout firm Forstmann Little & Co. for $975 million in cash. Forstmann Little, a private investment firm that has been involved in a string of deals this year, said it bought Moen's predecessor, Stanadyne Inc., in March, 1988, for $840 million.
December 24, 1988 |
American Brands, a conglomerate that makes everything from Lucky Strike cigarettes to Master Lock hardware, saw its stock price jump on Friday on rumors of a takeover by Unilever, a British-Dutch consumer and food products giant. The rumors surfaced less than a year after American thwarted another takeover bid made by E-II Holdings Inc., a group of food companies. American, based in Old Greenwich, Conn., counterattacked by buying up E-II and later selling off parts of the company.
March 11, 1985 |
American businessmen are often offended by Japanese complaints that American firms do not try hard enough to sell in Japan--but not executives of American Brands Inc. They plead guilty to the charge and say they intend to change their ways. John T. Ludes, a vice president of the New York-based tobacco and consumer products firm and president of the Asia-Pacific division of American Brands International Corp., recently told a news conference: "To date, we have not aggressively marketed . . .