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October 2, 1990 | JESUS SANCHEZ, TIMES STAFF WRITER
CalMat, one of Los Angeles' oldest and largest companies, Monday swapped its California Portland Cement subsidiary for CalMat stock held by the largest cement maker in Japan in a deal valued at about $310 million. Onoda Cement Co. bought the 5.8 million shares and received the option to buy California Portland Cement two years ago as part of a deal that thwarted a hostile takeover of CalMat by New Zealand corporate raider Ronald A. Brierley.
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BUSINESS
October 2, 1990 | JESUS SANCHEZ, TIMES STAFF WRITER
CalMat, one of Los Angeles' oldest and largest companies, Monday swapped its California Portland Cement subsidiary for CalMat stock held by the largest cement maker in Japan in a deal valued at about $310 million. Onoda Cement Co. bought the 5.8 million shares and received the option to buy California Portland Cement two years ago as part of a deal that thwarted a hostile takeover of CalMat by New Zealand corporate raider Ronald A. Brierley.
BUSINESS
July 21, 1988 | KEITH BRADSHER, Times Staff Writer
New Zealand corporate raider Ronald A. Brierley has reluctantly ended his hostile takeover assault on CalMat, one of Los Angeles' biggest and oldest companies, and agreed to sell his shares to Japan's largest cement maker, spokesmen for all three parties said Wednesday. Brierley will sell his 19% stake to Onoda Cement Co. for $41.75 a share, making the deal worth $242 million.
BUSINESS
July 21, 1988 | KEITH BRADSHER, Times Staff Writer
New Zealand corporate raider Ronald A. Brierley has reluctantly ended his hostile takeover assault on CalMat, one of Los Angeles' biggest and oldest companies, and agreed to sell his shares to Japan's largest cement maker, spokesmen for all three parties said Wednesday. Brierley will sell his 19% stake to Onoda Cement Co. for $41.75 a share, making the deal worth $242 million.
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