July 30, 1990 |
Manischewitz Co. Sued: A consumers' class action filed Tuesday in Los Angeles Superior Court accuses the B. Manischewitz Co. of fixing prices of its kosher matzo products. The suit claims that Manischewitz and unidentified "co-conspirators" prevented competition by limiting production and agreeing to increase prices of "Kosher for Passover" matzo products.
August 1, 1989 |
After twice receiving extra time to evaluate its proposed purchase of B. Manischewitz Co., Levine, Tessler, Leichtman & Co. said Monday that it will not proceed with the $44.6-million acquisition of the kosher food maker. From its Jersey City, N.J., offices, Manischewitz accused the Beverly Hills-based investment firm of dragging its feet on the deal and said it will not submit Levine's $841-per-share offer to shareholders for a vote.
July 7, 1989 |
Matzo maker B. Manischewitz Co. said Thursday that it has agreed to a sweetened takeover bid by a Beverly Hills investment firm that topped a "best and final" offer from a rival kosher products firm. Manischewitz late Wednesday accepted an offer of $841 a share, or $44.6 million, by Levine, Tessler, Leichtman & Co. That bid surpassed by $1 a share an enhanced offer by National Foods, the distributor of Hebrew National products. Last month, Jersey City, N.J.
August 16, 1989 |
B. Manischewitz Co., a New Jersey maker of matzo and other kosher food products, said Tuesday that it has agreed to pay $1.5 million to settle claims by a Beverly Hills investment firm relating to an aborted, $44.6-million buyout effort. Manischewitz also officially took itself off the sale block, saying it had informed Shearson Lehman Hutton, its investment bank, that it was "no longer interested in acquisition proposals." Under terms of the settlement, Levine, Tessler, Leichtman & Co.