April 7, 1989 |
Michael Milken's reign as junk bond king may have ended, but he remains a looming presence in surprising places--at Eastern Airlines, for one. Milken, former head of the junk bond department at the investment banking firm of Drexel Burnham Lambert Inc., is under indictment on federal charges of racketeering, securities fraud and insider trading. But Peter V.
August 31, 1989
Advancing a step in their proposed acquisition of Hawaiian Airlines, Peter V. Ueberroth and Newport Beach developer J. Thomas Talbot have signed a definitive agreement to buy the airliner's parent company, HAL Inc., for $22 a share. The investment group headed by Ueberroth and Talbot is offering to buy all the stock of HAL Inc. but needs 51% to complete the transaction. That simple majority--nearly 1.25 million shares--would cost $27.4 million. HAL Chairman John H. Magoon Jr., who owns 56.
December 30, 1989 |
A Newport Beach investment group headed by developer J. Thomas Talbot and former baseball commissioner Peter V. Ueberroth completed the acquisition Friday of ailing Hawaiian Airlines. The $37 million deal gives the Talbot group 85% of the common stock of HAL Inc., the Honolulu-based holding company for both Hawaiian Airlines and the West Maui Airport that serves Maui's popular North Shore vacation area. Ueberroth and John H. Magoon Jr.
December 15, 1989 |
Hawaiian Airlines, which has agreed to be taken over by a Newport Beach investor group, said it will reduce its work force by about 200 employees after Jan. 1, 1990, in order to cut costs. Hawaiian Airlines Chief Executive Officer John Magoon Jr. said Wednesday that the layoffs will total just under 7% of the company's total work force and will include both full-time and part-time workers.
June 25, 2004 |
J. Thomas Talbot, an Orange County businessman and former director of the title insurance giant Fidelity National Financial Inc., was accused Thursday of trading on inside information in a civil suit brought by the Securities and Exchange Commission. Talbot bought and sold shares of LendingTree Inc. last year after learning at a Fidelity board meeting that the online lender would be acquired at a hefty premium, the SEC alleged.
August 23, 1989 |
Hawaiian Airlines, often a bridesmaid but never a bride, seemed to be a good stock for speculation. The majority owner was elderly and eager to sell. The airline was positioned in the center of the lucrative Pacific Rim, the fastest-growing market in a highly competitive industry. And at least three suitors had wooed the firm in the past two years. Although the airline's parent firm, HAL Inc.