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John M Lewis

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March 22, 1989 | BILL SING, Times Staff Writer
Los Angeles investor Marvin Davis and Prudential Insurance Co. of America said Tuesday they have agreed to acquire Spectradyne, the nation's largest supplier of cable television systems to hotels, from investment groups led by Texas billionaire Robert M. Bass. The companies valued the deal at $635 million, but only $60 million of that amount is for the common stock of the company. The remainder involves Davis and Prudential assuming Spectradyne's debt and dividend payments on preferred stock.
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BUSINESS
March 22, 1989 | BILL SING, Times Staff Writer
Los Angeles investor Marvin Davis and Prudential Insurance Co. of America said Tuesday they have agreed to acquire Spectradyne, the nation's largest supplier of cable television systems to hotels, from investment groups led by Texas billionaire Robert M. Bass. The companies valued the deal at $635 million, but only $60 million of that amount is for the common stock of the company. The remainder involves Davis and Prudential assuming Spectradyne's debt and dividend payments on preferred stock.
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BUSINESS
September 20, 1987 | TOM FURLONG, Times Staff Writer
John Peter Galanis, the 44-year-old financier whose career has been a 20-year continuum of big money and big trouble, vividly recalls the day in April, 1986, when his grandiose plans to rebuild a part of Atlantic City, N.J., began to crumble. For it was on that spring morning that dozens of federal agents, guns drawn, raided a quiet mid-rise suburban office in Greenwich, Conn., looking for records of tax shelter projects in which Galanis was involved.
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