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BUSINESS
May 11, 1989 | From Reuters
Former brokerage executive Boyd Jefferies said Wednesday that he illegally accumulated stock for corporate raider Paul Bilzerian, who wanted to conceal his stakes in various takeover targets. Jefferies, looking tanned and fit, testified at the trial of the 38-year-old Singer Co. chairman, who is charged with 11 counts of securities and tax fraud, conspiracy and making false statements to the government. If convicted, Bilzerian, a Tampa, Fla., investor, faces a maximum sentence of 55 years in prison and nearly $2.8 million in fines.
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BUSINESS
August 4, 1986 | From Times Wire Services
Hammermill Paper Co., the nation's 12th-largest forest products company, said Sunday that it has rejected a $52-a-share takeover offer by Bilzerian & Mack Associates. The group vying for Hammermill, headed by California investor Paul Bilzerian, had offered last month to pay $722 million for the balance of Hammermill's outstanding shares after already buying a 20% stake in the company.
BUSINESS
May 11, 1989 | From Reuters
Former brokerage executive Boyd Jefferies said Wednesday that he illegally accumulated stock for corporate raider Paul Bilzerian, who wanted to conceal his stakes in various takeover targets. Jefferies, looking tanned and fit, testified at the trial of the 38-year-old Singer Co. chairman, who is charged with 11 counts of securities and tax fraud, conspiracy and making false statements to the government. If convicted, Bilzerian, a Tampa, Fla., investor, faces a maximum sentence of 55 years in prison and nearly $2.8 million in fines.
BUSINESS
February 2, 1993 | From Times Staff and Wire Reports
Bilzerian Ordered to Forfeit $33 Million: Convicted financier Paul Bilzerian has been ordered to forfeit $33 million, plus interest, in illegal profits he amassed in the mid-1980s, the Securities and Exchange Commission said. The order covers alleged illegal profits Bilzerian made with others when they hoarded millions of dollars worth of stocks of Hammermill Paper Co. and Cluett Peabody & Co. in 1985 and 1986.
BUSINESS
August 4, 1986 | From Times Wire Services
Hammermill Paper Co., the nation's 12th-largest forest products company, said Sunday that it has rejected a $52-a-share takeover offer by Bilzerian & Mack Associates. The group vying for Hammermill, headed by California investor Paul Bilzerian, had offered last month to pay $722 million for the balance of Hammermill's outstanding shares after already buying a 20% stake in the company.
BUSINESS
November 28, 1987 | From Reuters
Investor Paul Bilzerian, whose chances of acquiring Singer Co. for $1.05 billion appear slim because of the company's hostility, is urging that the company be auctioned to the highest bidder, it was disclosed Friday. The Tampa-based investor's $50-a-share bid for Singer was rejected earlier this month and Thursday the company said it was talking to other potential suitors, but not Bilzerian.
BUSINESS
January 14, 1988 | From Reuters
Singer Co. said its board Wednesday agreed to a $1.06-billion takeover of the defense electronics firm by investor Paul Bilzerian. Bilzerian bid $50 a share for Singer, which at first resisted his overtures but gave in when no other suitor emerged with a better offer. Singer shares closed at $49 Wednesday, up 50 cents from Tuesday. Singer said its board recommended that shareholders sell their stock to Bilzerian. Bilzerian and his backers, grouped as Singer Acquisition Co.
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