Advertisement
YOU ARE HERE: LAT HomeCollectionsJacob Rothschild
IN THE NEWS

Jacob Rothschild

FEATURED ARTICLES
BUSINESS
July 13, 1989 | From Reuters
Shares of BAT Industries PLC slipped Wednesday on talk that the massive $21-billion buyout of the company proposed by Sir James Goldsmith is being financed by junk bonds and may spark opposition from regulators. BAT stock closed off 37 cents (23 pence) at $14.18 (8.70 pounds) per share on the London Stock Exchange. In New York, U.S.-traded shares closed 25 cents lower at $14.125. Volume was heavy in both markets.
ARTICLES BY DATE
BUSINESS
July 13, 1989 | From Reuters
Shares of BAT Industries PLC slipped Wednesday on talk that the massive $21-billion buyout of the company proposed by Sir James Goldsmith is being financed by junk bonds and may spark opposition from regulators. BAT stock closed off 37 cents (23 pence) at $14.18 (8.70 pounds) per share on the London Stock Exchange. In New York, U.S.-traded shares closed 25 cents lower at $14.125. Volume was heavy in both markets.
Advertisement
BUSINESS
July 12, 1989 | DAN FISHER, Times Staff Writer
An investment group headed by flamboyant takeover specialist James Goldsmith launched an "unsolicited and unwelcome" $21.5-billion bid Tuesday for BAT Industries PLC, the British conglomerate that includes American subsidiaries ranging from Saks Fifth Avenue to Farmers Insurance Group Inc. of Los Angeles.
BUSINESS
July 12, 1989 | DAN FISHER, Times Staff Writer
An investment group headed by flamboyant takeover specialist James Goldsmith launched an "unsolicited and unwelcome" $21.5-billion bid Tuesday for BAT Industries PLC, the British conglomerate that includes American subsidiaries ranging from Saks Fifth Avenue to Farmers Insurance Group Inc. of Los Angeles.
ENTERTAINMENT
May 6, 1987 | Arts and entertainment reports from The Times, national and international news services and the nation's press
A caretaker was arraigned Monday on charges of stealing art treasures from a London residence leased by banker and National Gallery board chairman Jacob Rothschild from Viscount Althorp, the brother of Britain's Princess Diana. Michael Whelton, 34, the caretaker at Spencer House in St. James Place, appeared at Marylebone Court and was charged with conspiring with others unknown to steal 16 paintings between February 1 and May 1.
BUSINESS
September 29, 1989 | From Times wire services
Britain's BAT Industries PLC lost an appeal today against a decision by British regulatory authorities to give Sir James Goldsmith more time to pursue his hostile takeover bid for the tobacco-based conglomerate. An appeal committee of the Panel on Takeover and Mergers said it backed the full panel's decision to allow Goldsmith breathing room to tackle obstacles in the United States to the $21.7-billion offer by his Hoylake investment group.
BUSINESS
July 18, 1989 | From Reuters
French financial group Compagnie Financiere de Paribas said Monday that it might join Sir James Goldsmith in his proposed $21.2-billion buyout of BAT Industries PLC. "We are considering taking part in the bid. Very advanced discussions are under way with (Goldsmith's) Hoylake Investment Ltd.," a Paribas spokesman said.
BUSINESS
August 10, 1989 | From Times wire services
More than 200 members of Congress have signed a letter urging Secretary of State James A. Baker III to express U.S. concerns about the hostile takeover bid for BAT Industries PLC and its American subsidiary to the British government. London-based BAT, the world's largest tobacco company, also has significant interests in financial services, paper and retailing--including such U.S. holdings as the Saks Fifth Avenue and Marshall Field department stores and Farmers Insurance Group.
BUSINESS
August 22, 1989 | PAUL RICHTER, Times Staff Writer
BAT Industries on Monday formally defended its rejection of a consortium's $21-billion takeover bid, saying the offer "is designed to do nothing more than break up a successful company for the personal gain of a group of extremely wealthy people." BAT, a British firm that controls the Farmers Group insurance holding company of Los Angeles, said in a "defense document" that the consortium led by Anglo-French financier Sir James Goldsmith has offered only "a collection of IOUs of dubious quality."
BUSINESS
July 11, 1989 | From Times Wire Services
An investor group including corporate raider Sir James Goldsmith today launched a surprise $21-billion offer for BAT Industries PLC in what would be Britain's biggest-ever takeover. BAT immediately rejected the bid, which if successful would put British takeovers into the big league, second in size to last year's record $25-billion buyout of RJR Nabisco Inc. by Kohlberg Kravis Roberts & Co.
BUSINESS
November 17, 1989 | BRUCE KEPPEL, TIMES STAFF WRITER
An investment group led by British financier Sir James Goldsmith said Thursday that it would be prepared to launch a cash and paper bid of $20.6 billion if U.S. regulators allowed it to acquire Britain's BAT Industries. But the group emphasized that it is under no commitment to make the hostile offer, which, if successful, would be the world's second-largest takeover ever after the $25-billion leveraged buyout of RJR Nabisco.
Los Angeles Times Articles
|