December 3, 1985
The company said it will be paid $20 million on Jan. 15 by Pantry Pride and Revlon to settle all claims arising from the battle to take over Revlon. Forstmann said it will keep the $4.44 million previously paid to it by Revlon. In exchange, all lawsuits will be dropped and Forstmann will terminate a merger agreement with Revlon and an option to buy Revlon's Barnes-Hind, National Health Laboratories and Coburn subsidiaries.
December 17, 1991 |
Aldila, the leading U.S. manufacturer of graphite golf club shafts, has signed an agreement to be sold to Forstmann Little & Co., a New York-based investment partnership. Terms of the sale were not disclosed. Although Rancho Bernardo-based Aldila has been in existence since 1973, the company has grown swiftly over the past three years with an increase in the popularity of graphite-shafted clubs.
December 25, 1986
But those unidentified businesses already were earmarked by Lear Siegler for sale, Forstmann, Little & Co. said in a filing with the Securities and Exchange Commission. After the $2.1-billion merger of the two companies, Lear Siegler will be operated as a separate organization with Norman Barkeley continuing as president, the filing said.
January 6, 1999 |
Former House Speaker Newt Gingrich (R-Ga.), who leaves Congress today, is set to begin a career as a corporate strategic consultant. Gingrich has accepted an offer to join the advisory board of the New York buyout firm of Forstmann, Little & Co., said his spokeswoman, Christina Martin. He also plans to serve on several other corporate boards and give speeches and would like to form a consulting business for corporations and small businesses.