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Rb Industries Inc

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BUSINESS
November 22, 1988 | JESUS SANCHEZ, Times Staff Writer
RB Industries, which operates a chain of furniture showrooms, Monday accepted a $48.5-million takeover bid by an investment group headed by the former president of a rival furniture store chain. The agreement comes less than a month after Irvine-based RB accepted a $46-million takeover bid by a group formed by Montgomery Securities of San Francisco.
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BUSINESS
November 9, 1988 | From United Press International
RB Industries Inc., which has already agreed to a takeover deal, said Tuesday it has received a higher buyout offer of $13 a share from an investment group that it declined to identify. The furniture retailer said the takeover proposal is subject to various conditions, including the execution of a definitive merger agreement and receipt of proxies from certain principal stockholders.
BUSINESS
November 22, 1988 | JESUS SANCHEZ, Times Staff Writer
RB Industries, which operates a chain of furniture showrooms, Monday accepted a $48.5-million takeover bid by an investment group headed by the former president of a rival furniture store chain. The agreement comes less than a month after Irvine-based RB accepted a $46-million takeover bid by a group formed by Montgomery Securities of San Francisco.
BUSINESS
October 25, 1988 | MARTHA GROVES, Times Staff Writer
RB Industries, which runs 51 retail furniture showrooms in the West and has had a checkered performance of late, agreed Monday to be bought for $46 million by an investor group formed by the Montgomery Securities investment firm in San Francisco. Under the definitive agreement, RB shareholders will receive $12 a share as part of a merger into Cahasa Acquisition Corp., a company formed by Montgomery and other investors solely to buy RB.
BUSINESS
November 9, 1988 | From United Press International
RB Industries Inc., which has already agreed to a takeover deal, said Tuesday it has received a higher buyout offer of $13 a share from an investment group that it declined to identify. The furniture retailer said the takeover proposal is subject to various conditions, including the execution of a definitive merger agreement and receipt of proxies from certain principal stockholders.
BUSINESS
October 25, 1988 | MARTHA GROVES, Times Staff Writer
RB Industries, which runs 51 retail furniture showrooms in the West and has had a checkered performance of late, agreed Monday to be bought for $46 million by an investor group formed by the Montgomery Securities investment firm in San Francisco. Under the definitive agreement, RB shareholders will receive $12 a share as part of a merger into Cahasa Acquisition Corp., a company formed by Montgomery and other investors solely to buy RB.
BUSINESS
July 5, 1987
The board of RB Industries Inc. elected Solomon Lew a director. Lew, an Australian businessman, controls Yearpledge Ltd., a British firm that controls 26% of RB, a furniture retailer.
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