February 9, 1988 |
A Japanese mining company, part of the vast Mitsubishi group, announced Monday that it is buying California's second-largest cement plant for $185 million in cash. The acquisition represents the first major Japanese investment in the $4 billion U.S. cement industry, which is more than half owned by foreign companies.
October 3, 1986
The Amalgamated Clothing and Textile Workers Union said it sued Los Angeles-based Murdock and several associates in U.S. District Court, accusing them of using assets of the Cannon Mills retirement plan to further Murdock's corporate takeover strategies. The suit said Murdock used the pension plan as a "capital accumulation vehicle."
July 5, 1989 |
Less than six weeks after fending off a hostile bid from Minorco, Consolidated Gold Fields PLC agreed Tuesday to a $5.5-billion merger, the biggest in British history, with industrial conglomerate Hanson PLC. Hanson, one of the most predatory companies on the British scene, said Cons Gold had agreed to be acquired for $24.17 a share, most of it cash. On June 22, Hanson offered $22.59 a share in cash for Cons Gold, but the mining concern turned the bid down as inadequate.
August 4, 1985 |
From the window of his 24th-floor office at the Kaiser Center, Walter E. Ousterman can see downtown Oakland settling into middle-age spread and, in the distance, the pastel blush of San Francisco. In the buildings and in the highways and bridges that lace the cities together, he can see Kaiser cement. But Ousterman, the 55-year-old chairman, president and chief executive of Kaiser Cement Corp.