May 4, 1988
Acme Steel Co. President B. W. H. Marsden told shareholders at an annual meeting that he rejected a proposed partnership with a group of Minnesota-based investors. Marsden said the partnership was suggested by investor Irwin A. Jacobs.
June 9, 1989
MEI Confirms Bid for NWA: MEI Diversified, a Minneapolis snack-foods company whose owners include investors Carl Pohlad and Irwin A. Jacobs, confirmed that it submitted a bid with other investors for NWA Inc., the parent of Northwest Airlines. MEI confirmed that its bid was rejected, along with competing bids submitted by Pan Am Corp., Los Angeles investor Alfred A. Checchi and billionaire oilman Marvin Davis. MEI said it was evaluating whether it would revise its bid.