January 31, 1985
Kaiser Aluminum & Chemical's real estate unit, Kaiser Development, said the partner will help expand development at its sprawling, 29,000-acre Rancho California project in southern Riverside County. The unit has hired Brooks Harvey & Co., an affiliate of Morgan Stanley & Co., to find the partner. "We've got boom town conditions down there," a spokesman said, adding that most new development will consist of housing projects.
September 27, 1985
The Oakland-based company said the investment group, led by J. A. Frates of Tulsa, Okla., doesn't have "anything at all to offer Kaiser Aluminum shareholders." The group, which controls about 5.65% of Kaiser's shares, said it was dissatisfied with the slowness of Kaiser's restructuring. Kaiser's response reaffirmed its plan and called the proposals completely unsolicited, unwelcome and without substance. The company also said that the group lacks the financial resources to execute its plans.
August 2, 1985
The Oakland-based company, a longtime supplier to the car maker, said it would supply a significant portion of General Motors' 117-million-pound requirement for fabricated aluminum products for the 1986 model year. It would not disclose, however, its portion of the total or the monetary value of the agreement.
May 9, 2008 |
Kaiser Aluminum Corp. said its first-quarter profit more than doubled, but its stock fell more than 10% after the company forecast lower production than anticipated this year. "We are not market-constrained, we are production-constrained this year," Chairman and Chief Executive Jack Hockema said. He said there was a short, unplanned outage at a light-gauge furnace during the first quarter. In addition, a planned four-month shutdown for maintenance at another furnace in Spokane, Wash.
December 16, 1986
As part of a definitive agreement between Kaiser Aluminum and British investor Alan Clore to restructure the Oakland company, Oklahoma investor Joseph A. Frates and his associates agreed to sell their interest in Clore's investment entity. Kaiser's board will be expanded to 14 members, including six present members.
October 9, 1986
The investor group, led by Oklahoma investor Joseph A. Frates, increased its holdings in Kaiser Aluminum stock to 12.3 million shares, or about 27.53% of the company. The group, which tried to take over Kaiser earlier this year, previously had a 26.4% interest. A spokesman for the group said the investors are interested in buying more stock, based on the price and the group's availability of funds.