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February 17, 1995 | Times Staff and Wire Reports
NME Sues Hillhaven Executives: National Medical Enterprise Inc. has filed suit against the executives of Hillhaven Corp., claiming they took a series of covert steps to obstruct an unwelcome tender offer. NME, Hillhaven's largest shareholder, made the allegations against the Tacoma, Wash., chain of nursing homes in a suit filed Wednesday in Los Angeles County Superior Court. Earlier this month, Hillhaven rejected a $1.5-billion buyout offer from Horizon Healthcare Corp., an Albuquerque, N.M.
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BUSINESS
February 17, 1995 | Times Staff and Wire Reports
NME Sues Hillhaven Executives: National Medical Enterprise Inc. has filed suit against the executives of Hillhaven Corp., claiming they took a series of covert steps to obstruct an unwelcome tender offer. NME, Hillhaven's largest shareholder, made the allegations against the Tacoma, Wash., chain of nursing homes in a suit filed Wednesday in Los Angeles County Superior Court. Earlier this month, Hillhaven rejected a $1.5-billion buyout offer from Horizon Healthcare Corp., an Albuquerque, N.M.
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