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CALIFORNIA | LOCAL
September 5, 2000 | RODNEY BOSCH
Special Devices Inc. in Moorpark, which manufactures pyrotechnic devices for the aerospace and automotive industries, reached an agreement to sell its subsidiary Scot Inc. to J.F. Lehman & Co., an investor group based in New York. Scot, located in Downers Grove, Ill., manufactures pyrotechnic devices for the aerospace and defense industries. The transaction was approved last week by the SDI board of directors.
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CALIFORNIA | LOCAL
September 5, 2000 | RODNEY BOSCH
Special Devices Inc. in Moorpark, which manufactures pyrotechnic devices for the aerospace and automotive industries, reached an agreement to sell its subsidiary Scot Inc. to J.F. Lehman & Co., an investor group based in New York. Scot, located in Downers Grove, Ill., manufactures pyrotechnic devices for the aerospace and defense industries. The transaction was approved last week by the SDI board of directors.
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CALIFORNIA | LOCAL
October 10, 2000 | BARBARA MURPHY
Special Devices Inc. in Moorpark, which designs pyrotechnic devices for the aerospace and automotive industries, has completed the divestiture of its subsidiary Scot Inc. to an investor group. Scot, located in Downers Grove, Ill., manufactures pyrotechnic devices for the aerospace and defense industries. Special Devices is a privately held corporation whose principal shareholders are affiliates of J. F. Lehman & Co.
BUSINESS
February 27, 1996
Litton Industries Inc. has agreed to buy Sperry Marine Inc. in a $160-million stock merger. Sperry Marine, based in Charlottesville, Va., makes electronic navigation and guidance systems used in boats and aircraft for commercial and military customers. Sperry Marine had sales of $145 million in 1995. Litton will issue about 2 million shares of common stock to an investment partnership led by J.F. Lehman & Co., and assume Sperry's outstanding debts of $52 million.
BUSINESS
May 14, 1996
Litton Industries Inc. and an investment partnership have changed the terms of their deal to acquire Sperry Marine Inc. Under the new agreement, Litton and J.F. Lehman & Co. will pay about $158 million in cash for the supplier of advanced electronic navigation and guidance systems. The initial deal had called for Litton to issue 2.2 million shares of its common stock to acquire Sperry. Based in Woodland Hills, Litton is a leading defense electronics and shipbuilding concern.
BUSINESS
July 7, 1998
Newhall-based Special Devices has agreed to be acquired by a private equity fund, a unit of J.F. Lehman & Co., in which the affiliate will get nearly all outstanding shares of Special Devices common stock for $37 per share. Some shareholders contend that the price, which is slightly higher than the $35-$36 range where the stock has been trading, undervalues the company and they have filed suit against the company, which makes devices that trigger inflation in automobile air bags.
BUSINESS
October 29, 1998 | Bloomberg News
Special Devices Inc. said closely held J.F. Lehman & Co. cut the price it will pay for the world's largest maker of automotive air-bag triggers to about $266 million from its original offer of $296 million. Special Devices said the price was cut to $34 a share from $37 because of market volatility since the company's special shareholders meeting Sept. 23, but didn't elaborate. Company officials weren't immediately available for comment. New York-based J.F.
CALIFORNIA | LOCAL
April 27, 1999 | Bloomberg News
Newhall-based Special Devices Inc., a unit of J.F. Lehman & Co., has sued rival OEA Inc., asking a judge to rule that Special Devices isn't infringing on an OEA patent for a component in its automobile air bag triggers. In a suit filed in U.S. District Court in Los Angeles, Special Devices says it believes Denver-based OEA may begin legal action if Special Devices continues to make the components.
CALIFORNIA | LOCAL
February 19, 1999 | AGNES DIGGS and DAVID COLKER, TIMES STAFF WRITERS
An explosion at a plant where automotive air-bag trigger devices are made killed one worker and injured two others Thursday morning, authorities said. The Sheriff's Department identified the victim as Charles Tillman, 48, of Encino. His remains were found by firefighters near a pickup truck used to transport chemicals at Special Devices Inc.
NATIONAL
December 17, 2002 | Edwin Chen, Times Staff Writer
President Bush on Monday appointed former New Jersey Gov. Thomas H. Kean to replace former Secretary of State Henry A. Kissinger as chairman of a federal commission charged with investigating events that led to the Sept. 11 terrorist attacks on America. "Tom Kean is a leader respected for integrity, fairness and good judgment. I am confident he will work to make the commission's investigation thorough," Bush said. "It is important that we uncover every detail and learn every lesson of Sept. 11."
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