May 12, 1987
The San Antonio firm said the unsolicited, $463-million bid was from an investment group including Church's former Chief Executive Richard F. Sherman, Stanley Faye, Shearson Lehman Bros. Holdings Inc., Citicorp Capital Investors Ltd. and C. Stephen Lynn. The company said the proposal was not in the best interest of its shareholders. Church's is the nation's second-largest fried chicken restaurant chain after Kentucky Fried Chicken.
June 4, 1987
The deal to buy the national footwear retailer is worth $232.2 million, the Canton, Mass.-based company announced. Manuel Rosenberg, the company's chairman, president and chief executive, and Thomas J. Galligan III, senior vice president and chief financial officer and treasurer, lead the investment group. Citicorp Capital Investors Ltd. has agreed to finance the deal for the investors. The company said it agreed to the buyout.
June 10, 1988 |
Tigera Group of Belmont, Calif., last month settled two law suits filed against it by electing two directors to its board, according to a filing with the Securities and Exchange Commission. Tigera said it has already confirmed James S. Campbell as a director and has agreed to elect Peter G. Gerry to the board as part of a May 4 agreement resolving the claims of the lawsuits. Gerry is a senior vice president of Citicorp Capital Investors Ltd., according to the filing.
September 25, 1989 |
RJR Nabisco Inc. said today that a group formed by Merrill Lynch & Co. has agreed to buy its Del Monte food business for $1.475 billion cash. The group also includes Del Monte senior management, Citicorp Capital Investors Ltd. and Kikkoman Corp. The latter, in addition to its equity investment, has agreed to purchase certain of Del Monte's assets in Asia, RJR Nabisco said.
April 10, 1985 |
Papercraft Corp., a leading maker of gift wrappings and artificial Christmas trees, said Tuesday that it will be acquired in a $240-million leveraged buy-out by a subsidiary of Citicorp and other investors that include Papercraft company managers. Papercraft will be bought by a new corporation to be formed by Citicorp Capital Investors Ltd., a group of institutional investors and certain members of Papercraft's management, Chairman Marshall P. Katz said.
May 5, 1987 |
Church's Fried Chicken, which has been the subject of takeover speculation in recent months, received a buyout offer valuing the company at about $469 million, the nation's second-largest fast-food chicken operation said Monday. The San Antonio-based concern received the offer from a private investment group that includes Church's former president and chief executive, Richard F. Sherman. Sherman resigned his positions in February after announcing an interest in buying Church's.