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Giant Group Ltd

BUSINESS
February 16, 1996 | GREG JOHNSON, TIMES STAFF WRITER
Title insurance company executive William P. Foley II made an unsolicited, $49-million bid Thursday for Giant Group Ltd., setting the stage for a possible proxy fight with Beverly Hills businessman Burt Sugarman. Foley's offer intensifies an already bitter confrontation between two Southern California businessmen who are known to share a penchant for bruising proxy battles. Foley has acquired 14.75% of Giant Group's outstanding shares in recent months.
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BUSINESS
December 9, 1995 | JAMES S. GRANELLI, TIMES STAFF WRITER
Title insurer and fast-food operator Fidelity National Financial Inc., once again on the prowl for underpriced stock, said Friday it has purchased 8.4% of Hollywood producer Burt Sugarman's investment company for nearly $3 million, and plans to buy more. Fidelity has bought 424,589 shares of stock in Sugarman's Beverly Hills investment company, Giant Group Ltd.
BUSINESS
January 5, 1996 | From Times Staff and Wire Reports
Giant Group Ltd., which controls the Rally's burger chain, said Thursday that it has adopted a "poison pill" takeover defense package and amended a civil lawsuit filed in December against an Orange County businessman who has taken an 8.9% stake in the company. The shareholder rights plan would be triggered if any shareholder accumulates 15% or more of Giant Group's common stock.
BUSINESS
September 12, 1989 | DENISE GELLENE, Times Staff Writer
Los Angeles financier Burt Sugarman agreed Monday to buy Aspen Airways, a 35-year-old airline serving Colorado's ski resorts. The price was not disclosed, but industry analysts estimated that the airline, which operates under the name United Express, was worth about $50 million. "It's a unique franchise, a very interesting airline," Sugarman said in a telephone interview Monday.
BUSINESS
February 16, 1996 | GREG JOHNSON, TIMES STAFF WRITER
Title insurance company executive William P. Foley II on Thursday made an unsolicited $49-million bid for Giant Group Ltd., setting the stage for what may be a proxy fight with Beverly Hills businessman Burt Sugarman. Foley's offer intensifies an already bitter confrontation between two Southern California businessmen, each of whom is known to have a penchant for bruising proxy battles. Foley has acquired 14.75% of Giant Group's outstanding shares in recent months.
BUSINESS
December 20, 1988 | AL DELUGACH, Times Staff Writer
Foiled in a $1.6-billion takeover attempt on Media General last spring, Beverly Hills entrepreneur Burt Sugarman agreed Monday to sell back to the newspaper firm a 10% stake under his control. Publicly traded Giant Group Ltd. and Barris Industries, which are controlled by Sugarman, are to receive $44 million in cash and a paper mill in Pomona for their 2.8 million shares of Media General Class A common stock. The joint announcement put the value of the transaction at about $100 million.
BUSINESS
April 30, 1996 | GREG JOHNSON, TIMES STAFF WRITER
Fidelity National Financial Inc., stymied in another hostile takeover effort, said Monday that it has ended its bid for cash-rich Giant Group Ltd. The halt in the four-month public battle came after Beverly Hills-based Giant Group agreed to buy back at a premium the 14.9% stake that Fidelity had accumulated. The Irvine title insurer also will buy a small portion of a fast-food company in which Giant holds a 48% interest.
BUSINESS
March 1, 1988 | AL DELUGACH, Times Staff Writer
Industrialist and Hollywood producer Burt Sugarman fired the opening salvo Monday in what may become a protracted battle for Media General, a family controlled newspaper and television empire based in Richmond, Va. Sugarman, who has already accumulated slightly less than 10% of Media General's publicly traded common stock, proposed a $1.8-billion merger with two public companies that he controls, Barris Industries Inc. and Giant Group Ltd. But he drew a quick rebuff.
BUSINESS
April 7, 1988 | AL DELUGACH, Times Staff Writer
Hollywood producer Burt Sugarman, intensifying his bid to take over Media General, launched a legal attack Wednesday on the proxy statement put out by the management of the newspaper and television concern for its May 20 stockholder meeting. Sugarman's investment group asked a federal judge in Richmond, Va., to bar the voting of management's proxies at the meeting, at which he expects to contest the reelection of three directors. Media General Chairman D.
BUSINESS
July 19, 1991 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Independent producer and corporate investor Burt Sugarman agreed Thursday to pay nearly $620,000 to settle charges by the Securities and Exchange Commission that he violated securities laws when he neglected to reveal his plans to take over a hamburger chain. Without admitting or denying wrongdoing, Sugarman agreed to pay $556,522, representing money that was saved on the stock purchases by Giant Group, a publicly traded company that Sugarman controls.
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