February 2, 1988
Irwin Federman has been named a managing director for Dillon, Read &Co. in its Palo Alto office. In that capacity, he will identify and fund technology-based venture opportunities for Concord Partners, Dillon Read's venture capital unit. Federman will continue in his current positions as vice chairman of Advance Micro Devices Inc. and chairman of the Semiconductor Industry Assn.
November 27, 1985
Acting on the advice of its financial adviser, Dillon, Read & Co., the board of directors of Sea-Land Corp. said the offer of $25 a share, or $585 million, from Dallas businessman Harold Simmons was "inadequate." The board authorized management to explore all available alternatives. Meanwhile, Simmons, who already controls 25% of Sea-Land, will meet with management Tuesday. He has agreed not to buy any more Sea-Land stock before then.