August 28, 1998 |
Shares of Craig Corp., a holding company with 1997 revenue of $27.2 million, fell 13% after a block trade of 57,000 shares valued the stock 25% below Wednesday's closing price. Craig's stock fell $1.25 to close at $8.19 in NYSE trading during a broad market sell-off. Trading in the shares was halted in the morning as the block became available. Lawndale Capital Management Inc. manager Andrew Shapiro said the block could have come from a small-cap mutual fund liquidating some of its holdings.
April 5, 1995 |
Citadel, Dillon to Settle: Citadel Holding Corp. and shareholder Craig Corp. entered into agreements that would end litigation between the companies and Roderick Dillon and Dillon Investors. Columbus, Ohio-based Dillon, which offered to buy Citadel for $4 a share in January, sued Los Angeles-based Citadel over its issuance of stock to Craig. Citadel then sued Dillon, challenging the accuracy of disclosures it made in filings with the Securities and Exchange Commission.
November 12, 1994 |
Craig Corp. Boosts Its Stake in Citadel: The Los Angeles investment company said it increased its ownership of Citadel Holding Corp.'s voting shares to 16.6% from 10% by purchasing 1.3 million new preferred shares issued by Citadel at $3.95 each. The new stock replaces $5.25 million in loans Citadel had owed Craig. Citadel's principal asset is a 16% stake in Glendale thrift Fidelity Federal Bank. Both Citadel and Craig are controlled by investor James Cotter.
November 9, 1994 |
James Cotter has a history of making waves in other peoples' pools. Now he's getting a taste of his own medicine. Cotter, 58, heads Craig Corp., a Los Angeles firm that is basically a shell through which Cotter has invested in numerous other businesses over the years. He also manages the Forman family fortune, a $300-million-plus portfolio (as estimated by Forbes magazine) built from profits of the family's giant Pacific Theatres movie theater chain.
August 6, 1993 |
The top management at the Stater Bros. supermarket chain said Thursday that it has agreed to acquire the 50% stake in the chain that it does not already own for $104 million. The management team, led by Stater Bros. Chairman Jack Brown, said it plans to acquire the stake held by Los Angeles-based Craig Corp. "At this time, Craig Corp. has decided that it wishes to begin reinvesting in other projects and Stater Bros. is willing and able to accommodate them," Brown said.
June 30, 1992
Citadel Holding Corp., the Glendale parent of Fidelity Federal Bank, said its board had approved a common stock rights offering aimed at raising $30 million to strengthen Fidelity's equity capital and increase Citadel's working capital. Citadel also said it had repaid the remaining $7.5 million of a $15-million loan owed to Los Angeles-based Craig Corp., a company controlled by James J. Cotter, who is also Citadel's chairman.