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BUSINESS
August 16, 1989 | MARTHA GROVES, Times Staff Writer
B. Manischewitz Co., a New Jersey maker of matzo and other kosher food products, said Tuesday that it has agreed to pay $1.5 million to settle claims by a Beverly Hills investment firm relating to an aborted, $44.6-million buyout effort. Manischewitz also officially took itself off the sale block, saying it had informed Shearson Lehman Hutton, its investment bank, that it was "no longer interested in acquisition proposals." Under terms of the settlement, Levine, Tessler, Leichtman & Co.
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BUSINESS
August 1, 1989 | JUBE SHIVER Jr., Times Staff Writer
After twice receiving extra time to evaluate its proposed purchase of B. Manischewitz Co., Levine, Tessler, Leichtman & Co. said Monday that it will not proceed with the $44.6-million acquisition of the kosher food maker. From its Jersey City, N.J., offices, Manischewitz accused the Beverly Hills-based investment firm of dragging its feet on the deal and said it will not submit Levine's $841-per-share offer to shareholders for a vote.
BUSINESS
July 7, 1989 | MARTHA GROVES, Times Staff Writer
Matzo maker B. Manischewitz Co. said Thursday that it has agreed to a sweetened takeover bid by a Beverly Hills investment firm that topped a "best and final" offer from a rival kosher products firm. Manischewitz late Wednesday accepted an offer of $841 a share, or $44.6 million, by Levine, Tessler, Leichtman & Co. That bid surpassed by $1 a share an enhanced offer by National Foods, the distributor of Hebrew National products. Last month, Jersey City, N.J.
BUSINESS
August 16, 1989 | MARTHA GROVES, Times Staff Writer
B. Manischewitz Co., a New Jersey maker of matzo and other kosher food products, said Tuesday that it has agreed to pay $1.5 million to settle claims by a Beverly Hills investment firm relating to an aborted, $44.6-million buyout effort. Manischewitz also officially took itself off the sale block, saying it had informed Shearson Lehman Hutton, its investment bank, that it was "no longer interested in acquisition proposals." Under terms of the settlement, Levine, Tessler, Leichtman & Co.
BUSINESS
March 17, 1989 | DENISE GELLENE, Times Staff Writer
B. Manischewitz Co., a leading matzo maker, has agreed to be acquired by the Los Angeles investment firm of Levine, Tessler, Leichtman & Co. Arthur E. Levine said Thursday that his firm agreed to pay $40.5 million, or $762.75 a share, for the Jersey City, N.J., company. Besides matzot, the firm produces other kosher baked goods and soups, and licenses its name to a wine maker.
BUSINESS
February 16, 1988 | GREG JOHNSON, Times Staff Writer
The board of Chi-Chi's, a Mexican restaurant chain with about 130 dinner houses located mostly in the East, is expected to meet today to consider a $300-million buyout proposal made by a Beverly Hills firm. The bid for the Louisville-based company was made by Levine, Tessler, Leichtman & Co., a privately held leveraged buyout firm formed last year. "We're hoping that Chi-Chi's board approves our proposal on Tuesday and resolves this whole thing," said Arthur Levine, the buyout firm's chairman.
BUSINESS
August 1, 1989 | JUBE SHIVER Jr., Times Staff Writer
After twice receiving extra time to evaluate its proposed purchase of B. Manischewitz Co., Levine, Tessler, Leichtman & Co. said Monday that it will not proceed with the $44.6-million acquisition of the kosher food maker. From its Jersey City, N.J., offices, Manischewitz accused the Beverly Hills-based investment firm of dragging its feet on the deal and said it will not submit Levine's $841-per-share offer to shareholders for a vote.
BUSINESS
July 7, 1989 | MARTHA GROVES, Times Staff Writer
Matzo maker B. Manischewitz Co. said Thursday that it has agreed to a sweetened takeover bid by a Beverly Hills investment firm that topped a "best and final" offer from a rival kosher products firm. Manischewitz late Wednesday accepted an offer of $841 a share, or $44.6 million, by Levine, Tessler, Leichtman & Co. That bid surpassed by $1 a share an enhanced offer by National Foods, the distributor of Hebrew National products. Last month, Jersey City, N.J.
BUSINESS
March 17, 1989 | DENISE GELLENE, Times Staff Writer
B. Manischewitz Co., a leading matzo maker, has agreed to be acquired by the Los Angeles investment firm of Levine, Tessler, Leichtman & Co. Arthur E. Levine said Thursday that his firm agreed to pay $40.5 million, or $762.75 a share, for the Jersey City, N.J., company. Besides matzot, the firm produces other kosher baked goods and soups, and licenses its name to a wine maker.
BUSINESS
February 16, 1988 | GREG JOHNSON, Times Staff Writer
The board of Chi-Chi's, a Mexican restaurant chain with about 130 dinner houses located mostly in the East, is expected to meet today to consider a $300-million buyout proposal made by a Beverly Hills firm. The bid for the Louisville-based company was made by Levine, Tessler, Leichtman & Co., a privately held leveraged buyout firm formed last year. "We're hoping that Chi-Chi's board approves our proposal on Tuesday and resolves this whole thing," said Arthur Levine, the buyout firm's chairman.
BUSINESS
June 15, 1989
Manischewitz Plans Vote: B. Manischewitz Co., a Jersey City, N.J., food company, said it is proceeding with a scheduled June 22 shareholder vote on a $39.3 million offer for the company from Beverly Hills-based Levine, Tessler, Leichtman & Co. Manischewitz said a competing bidder, National Foods Inc., has not been able to complete financing for its proposed $42.4 million offer. In addition, a group including Santa Monica Partners withdrew its conditional offer for Manischewitz.
BUSINESS
June 22, 1989
A $100,000 bond was posted in Ohio on behalf of a dissident shareholder who challenged B. Manischewitz Co.'s plan to hold a shareholders meeting today to vote on a takeover bid by Levine, Tessler, Leichtman & Co. of Beverly Hills; as a result, the meeting will be postponed till June 30 . . . Short interest on the New York Stock Exchange rose 532,436 shares in the month ended June 15 to a total of 529,200,908 shares.
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