March 31, 1990 |
The parent of Ralphs Grocery Co. sought bankruptcy court protection Friday in a move partly designed to fortify the supermarket chain's defenses against being seized by an Ohio real estate developer. The bankruptcy case was filed by Federated Stores Inc., a holding company that since January has directed efforts to bring Campeau Corp.'s vast department store operations out of bankruptcy.
January 20, 1990 |
Concerns that Ralphs Grocery Co. will be drawn into the financial morass of its bankrupt sister companies in the Campeau Corp. drove down the junk bonds of the supermarket chain on Friday. The $400 million in bonds, issued in 1988 when Ralphs became an independent subsidiary of Campeau, fell $5 to close at $81 (per $100 in face value). The bonds, down from as high as $97 last week, have traded at more than $105 in recent months.
July 30, 1989 |
Last weekend, when Johnny Bench, Carl Yastrzemski and Red Schoendienst were inducted into the Hall of Fame, Bowie Kuhn, the former commissioner of baseball, attended a reception for some Hall of Famers in Cooperstown, N.Y. There was a discussion of "Field of Dreams," the film fantasy about baseball. One of the longtime Hall of Fame members said that he hadn't cared for the movie. Kuhn asked him why and got a vague answer.
June 30, 1989 |
Paul A. Bilzerian resigned Thursday as chairman and chief executive of Singer Co., hours after the Securities and Exchange Commission filed civil securities fraud charges against him and shopping center magnate Edward J. DeBartolo Sr. The resignation came amid mounting legal troubles for Singer and for Bilzerian, who was convicted June 9 on criminal securities and tax fraud charges. The SEC charges filed Thursday included the first public accusation that Bilzerian committed fraud in his $1.06-billion takeover of Singer in February, 1988.
July 1, 1988 |
Robert Campeau, the Canadian developer who succeeded in a stunning takeover of Federated Department Stores, and an Ohio development partner Thursday announced plans to build as many as 30 malls in the United States by 1993. The ambitious plans were announced to a standing-room-only crowd of nearly 400 shareholders, securities analysts and reporters at Campeau Corp.'s annual meeting in the stately Royal York Hotel in Toronto, the company's headquarters city. According to Edward J. DeBartolo Sr.