November 19, 1996 |
Billionaire investor Marvin Davis boosted his takeover bid for Carter-Wallace Inc. to $20 a share on Monday, just two weeks after the maker of Trojan condoms and Arrid deodorant turned thumbs down on an earlier bid of $18 a share. A spokeswoman for Davis said the sweetened proposal from the financier's Los Angeles-based Davis Cos. was valued at $928 million, based on Carter-Wallace's 46.39 million shares outstanding, up from the original price of $835 million.
April 25, 1996 |
Marvin Davis Cuts Stake in Mesa: The billionaire investor reduced his stake in the Irving, Texas, oil and gas company to 2.4% and disbanded a shareholder group that previously sought to oust Chairman Boone Pickens. Davis sold 518,000 common shares at $3.87 to $4 each from April 11-23, according to a Schedule 13D filed with the Securities and Exchange Commission. He now holds 1.56 million common shares. The SEC filing included an April 22 letter from Davis Cos.
March 21, 1989 |
Billionaire Marvin Davis and the Prudential Insurance Co. of America said today they will purchase Spectradyne Inc., which provides pay-per-view movies to the hotel industry. Davis' Los Angeles-based Davis Cos. and Prudential said they agreed to pay about $635 million for the company from a group that had acquired it two years ago in a $450-million deal. The selling group consists of Acadia Partners, L. P., of Fort Worth, an entity affiliated with billionaire investor Robert M.
March 11, 2000 |
Through one of the biggest office lease transactions in Los Angeles history, Fox Entertainment Group Inc. will stay put at the landmark Fox Plaza in Century City--at least for 15 more years. Media tycoon Rupert Murdoch's Fox team is consolidating various lease arrangements in the building totaling more than 315,000 square feet through a transaction said to be valued at more than $250 million--pretty close to what billionaire investor Marvin Davis paid for the building 28 months ago.