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 . . .
October 29, 1985 |
The Dow Jones industrial average, the widely watched measure of activity on the New York Stock Exchange, is being changed to include Philip Morris Cos. and McDonald's Corp., Dow Jones & Co. said today. The two companies will replace General Foods Corp., which is being acquired by Philip Morris, and American Brands Inc. Both are on the current list of 30 industrials. Dow Jones said American Brands, the fourth-largest U.S.