October 9, 1999 |
Bell Industries Inc., an electronics and computer-products maker and distributor based in El Segundo, said it rejected as inadequate a $5.30-a-share offer by Steel Partners II. Bell told the New York-based investment fund that it would consider a higher offer. Bell's shares, which reached a 52-week high of $6 last month, rose 31 cents, or 7%, to close at $4.88. The shares have jumped 21% during the past year. Steel Partners is Bell's largest shareholder, with a stake of 15%, as of last March.
April 17, 1997 |
Bell Industries Inc. said it plans to fire about 50 employees over the next 18 months and close about 15 warehouses in a restructuring after its January acquisition of Milgray Electronics Inc. The electronics products distributor is closing warehouses in locations where both Bell and Farmingdale, N.Y.-based Milgray have sites, resulting in "some displacement of personnel that wasn't planned initially," said Gordon Graham, Bell's president and chief operating officer.
February 13, 1995 |
Bruce M. Jaffe, executive vice president and chief operating officer of Bell Industries Inc., has been elected president of the Los Angeles-based company. Jaffee, 51, succeeds Theodore Williams, 74, who continues as chairman and chief executive. Jaffe joined Bell in 1967. Bell Industries manufactures and distributes products for the electronics, computer, graphics and other industrial markets. * Frank J. Holdraker has joined La Salsa Holding Co. as senior vice president of franchising.
August 3, 1991 |
Bell Industries to Close Unit: Bell Industries Inc. of Los Angeles said it will discontinue the business of its electronic systems division, which makes printed circuit boards for the defense industry. This action will result in a pretax charge of $3.5 million to operating results in the fourth quarter. The division had net sales of about $4.1 million and an operating loss of about $1.1 million for the fiscal year, before the non-recurring charge.