Irwin A Jacobs

The financier intensified his takeover efforts by saying he would make a tender offer to Borg-Warner shareholders if a friendly deal could not be arranged. "We just want to move ahead," Jacobs said. "I've had some conversations with (Borg-Warner Chairman Clarence Johnson) yes, but I've received nothing in response to our bid." A group led by Jacobs proposed on Nov. 24 to take control of the Chicago-based firm for $43 to $48 a share, or up to $3.8 billion. The group controls a 12.

The financier intensified his takeover efforts by saying he would make a tender offer to Borg-Warner shareholders if a friendly deal could not be arranged. "We just want to move ahead," Jacobs said. "I've had some conversations with (Borg-Warner Chairman Clarence Johnson) yes, but I've received nothing in response to our bid." A group led by Jacobs proposed on Nov. 24 to take control of the Chicago-based firm for $43 to $48 a share, or up to $3.8 billion. The group controls a 12.

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.

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.

Walt Disney Co. stock rose sharply Wednesday amid speculation that the entertainment kingdom might be the next takeover target of Paramount Communications Inc. Burbank-based Disney would not comment other than to say it had no information to explain the rise. The stock, up more than $7 at one point from Tuesday's close, finished up $5.375 at $109.75 a share in New York Stock Exchange trading. A group led by Sid Bass, one of the Ft.