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Lear Siegler Inc

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NEWS
August 18, 1993
James N. Thayer, retired chief financial officer of Lear Siegler Inc. and a major supporter of UCLA, has died. He was 67. Thayer died Thursday of cancer at St. Johns Medical Center in Santa Monica, UCLA announced. He had been with Santa Monica-based Lear Siegler from 1967 until his retirement in 1987. Then a director of Gibraltar Financial Corp. of Beverly Hills, Thayer was named president and chairman of Gibraltar in 1988.
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BUSINESS
October 17, 1987 | CARLA LAZZARESCHI, Times Staff Writer
Forstmann Little & Co., which bought the Santa Monica-based Lear Siegler conglomerate earlier this year, said Friday that it has sold three of Lear's remaining aerospace companies, including two in Orange County, to BFM Aerospace Corp. of Santa Ana for $97 million. With the latest sales, Forstmann Little has divested itself of all but two units of Lear's one-time sprawling aerospace empire: Management Services Corp. in Oklahoma City and Power Equipment Corp. in Maple Heights, Ohio.
BUSINESS
May 8, 1985
Lear Siegler Inc. received a $3.7-million Navy contract for navigation display equipment.
NEWS
August 18, 1993
James N. Thayer, retired chief financial officer of Lear Siegler Inc. and a major supporter of UCLA, has died. He was 67. Thayer died Thursday of cancer at St. Johns Medical Center in Santa Monica, UCLA announced. He had been with Santa Monica-based Lear Siegler from 1967 until his retirement in 1987. Then a director of Gibraltar Financial Corp. of Beverly Hills, Thayer was named president and chairman of Gibraltar in 1988.
BUSINESS
December 18, 1986 | CARLA LAZZARESCHI, Times Staff Writer
Although it failed in both of its attempts to acquire Lear Siegler Inc., the investor group that started the bidding war for the Santa Monica conglomerate two months ago turned a tidy, $46.4-million gross profit for its unsuccessful efforts. Wednesday, two days after AFG Partners withdrew its second bid for tax reasons, the investors soothed their disappointment with a hefty $8.4-million gross profit from the sale of Lear stock it acquired in its latest acquisition attempt.
BUSINESS
November 4, 1986 | CARLA LAZZARESCHI, Times Staff Writer
The investment group seeking to buy Lear Siegler Inc. stepped up its campaign Monday with a letter to the company's directors seeking the repeal of their anti-takeover measures and a board order to force Lear executives to begin sales negotiations immediately. AFG Partners has amassed a 9.8% stake in Lear Siegler and has been trying for the last week to meet with company executives to negotiate an all-cash purchase of the company for at least $85 per share, or a total of about $1.5 billion.
BUSINESS
August 23, 1988 | GEORGE WHITE, Times Staff Writer
Lear Siegler Holdings has sold its automotive parts subsidiary to the subsidiary's management and Kidder, Peabody & Co. in a $500-million leveraged buyout. Forstmann Little & Co., which has sold a number of Lear Siegler units since it acquired the conglomerate for $2.1 billion last year, agreed late Friday to sell Lear Siegler Seating Corp., which produces automobile seats.
NEWS
March 24, 1988 | KIM MURPHY, Times Staff Writer
In a harsh condemnation of the Reagan Administration's refusal to implement provisions of a 1984 law designed to enhance competition in government contracting, a federal appeals court on Wednesday upheld both the law and a lower court decision that had accused the President of "judicial gamesmanship" in refusing to enforce it. The U.S.
BUSINESS
October 17, 1987 | CARLA LAZZARESCHI, Times Staff Writer
Forstmann Little & Co., which bought the Santa Monica-based Lear Siegler conglomerate earlier this year, said Friday that it has sold three of Lear's remaining aerospace companies, including two in Orange County, to BFM Aerospace Corp. of Santa Ana for $97 million. With the latest sales, Forstmann Little has divested itself of all but two units of Lear's one-time sprawling aerospace empire: Management Services Corp. in Oklahoma City and Power Equipment Corp. in Maple Heights, Ohio.
BUSINESS
August 1, 1987 | NANCY RIVERA BROOKS, Times Staff Writer
Lear Siegler said Friday that it has agreed to sell two of its aerospace divisions to General Electric Co. of London for $205 million as part of the Santa Monica company's continuing divestiture of operations following a buyout early this year by Forstmann Little. The two divisions--Lear Siegler Astronics of Santa Monica and Developmental Sciences of Ontario--had estimated pretax earnings of $15 million on sales of $124.8 million for the fiscal year ending June 30.
BUSINESS
May 20, 1987 | MARIA L. La GANGA, Times Staff Writer
Romeo Charlie, a Newport Beach holding company about which there is virtually no public information, has acquired Lear Siegler's Piper Aircraft subsidiary, a 50-year-old, general aviation manufacturer based in Vero Beach, Fla., Piper officials said Tuesday. In a terse prepared statement, officials said that "the new ownership announced its intention to reestablish Piper as the unchallenged leader worldwide, with a full range of general aviation aircraft."
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