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BUSINESS
March 1, 1996 | Times Staff and Wire Reports
Mesa Gets $265-Million Investment: Texas oilman Boone Pickens, who gained the reputation of a corporate raider in the 1980s, has repelled a hostile takeover attempt of his natural gas company. Pickens signed up investor and longtime friend Richard Rainwater for a $265-million infusion that will help Mesa Inc. refinance its debt and thereby satisfy the demands of shareholders who had threatened to take control of the company.
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BUSINESS
June 26, 1996 | Times Staff and Wire Reports
Mesa Shareholders Accept Recapitalization Plan: The $265-million plan in effect gives investor Richard Rainwater control of the Amarillo, Texas-based natural gas company. The way was cleared for Rainwater's takeover two weeks ago when Mesa Inc.'s colorful founder, Boone Pickens, who had come under attack from dissident shareholders led by investors Marvin Davis and Dennis Washington, said he would retire as chief executive.
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BUSINESS
June 26, 1996 | Times Staff and Wire Reports
Mesa Shareholders Accept Recapitalization Plan: The $265-million plan in effect gives investor Richard Rainwater control of the Amarillo, Texas-based natural gas company. The way was cleared for Rainwater's takeover two weeks ago when Mesa Inc.'s colorful founder, Boone Pickens, who had come under attack from dissident shareholders led by investors Marvin Davis and Dennis Washington, said he would retire as chief executive.
BUSINESS
March 1, 1996 | Times Staff and Wire Reports
Mesa Gets $265-Million Investment: Texas oilman Boone Pickens, who gained the reputation of a corporate raider in the 1980s, has repelled a hostile takeover attempt of his natural gas company. Pickens signed up investor and longtime friend Richard Rainwater for a $265-million infusion that will help Mesa Inc. refinance its debt and thereby satisfy the demands of shareholders who had threatened to take control of the company.
BUSINESS
March 20, 1993 | JOHN LIPPMAN and KATHRYN HARRIS, TIMES STAFF WRITERS
Former Wall Street Journal Executive Editor Norman Pearlstine has formed a partnership with Barry Diller's QVC Networks, Paramount Communications and Texas financier Richard Rainwater to develop and acquire media properties.
BUSINESS
September 25, 1991 | KATHY KRISTOF, TIMES STAFF WRITER
An investment group that includes recording industry mogul David Geffen, Texas investor Richard Rainwater and money manager Bechtel Investments confirmed Tuesday that it is preparing a bid for the failed Executive Life Insurance Co. Though the investors would not reveal further details, Geffen said they were "quite far along" in preparing a bid and that they expect to submit a buyout plan before Oct. 11, the court-imposed deadline.
BUSINESS
September 25, 1991 | KATHY KRISTOF, TIMES STAFF WRITER
An investment group that includes recording industry mogul David Geffen, Texas investor Richard Rainwater and money manager Bechtel Investments confirmed Tuesday that it is preparing a bid for the failed Executive Life Insurance Co. Though the investors would not reveal further details, Geffen said they were "quite far along" in preparing a bid and that they expect to submit a buyout plan before Oct. 11, the court-imposed deadline.
NEWS
October 13, 1991 | KATHY M. KRISTOF, TIMES STAFF WRITER
Policyholders of Executive Life Insurance Co. are now expected to recoup the bulk of their investments in the failed insurer because of unexpectedly strong bids to acquire the firm and news Saturday that the insurance industry has secured surprisingly strong financial support for its own offer, analysts said.
BUSINESS
March 20, 1993 | JOHN LIPPMAN and KATHRYN HARRIS, TIMES STAFF WRITERS
Former Wall Street Journal Executive Editor Norman Pearlstine has formed a partnership with Barry Diller's QVC Networks, Paramount Communications and Texas financier Richard Rainwater to develop and acquire media properties.
NEWS
October 13, 1991 | KATHY M. KRISTOF, TIMES STAFF WRITER
Policyholders of Executive Life Insurance Co. are now expected to recoup the bulk of their investments in the failed insurer because of unexpectedly strong bids to acquire the firm and news Saturday that the insurance industry has secured surprisingly strong financial support for its own offer, analysts said.
BUSINESS
September 25, 1991 | KATHY KRISTOF, TIMES STAFF WRITER
An investment group that includes recording industry mogul David Geffen, Texas investor Richard Rainwater and money manager Bechtel Investments confirmed Tuesday that it is preparing a bid for the failed Executive Life Insurance Co. Though the investors would not reveal further details, Geffen said they were "quite far along" in preparing a bid and that they expect to submit a buyout plan before Oct. 11, the court-imposed deadline.
BUSINESS
September 25, 1991 | KATHY KRISTOF, TIMES STAFF WRITER
An investment group that includes recording industry mogul David Geffen, Texas investor Richard Rainwater and money manager Bechtel Investments confirmed Tuesday that it is preparing a bid for the failed Executive Life Insurance Co. Though the investors would not reveal further details, Geffen said they were "quite far along" in preparing a bid and that they expect to submit a buyout plan before Oct. 11, the court-imposed deadline.
BUSINESS
January 31, 1997 | Times Staff and Wire Reports
Magellan Health Services Inc. agreed to sell its psychiatric hospitals to Crescent Real Estate Equities Co. for $400 million. The 92 hospitals will be run by a joint venture of Magellan and an affiliate of Crescent, a New York-based real estate investment trust controlled by Texas billionaire Richard Rainwater. Last year, Rainwater and his wife, Darla Moore, bought a 12% stake in Magellan, the largest provider of managed-care mental health services.
SPORTS
February 15, 1997 | Associated Press
Donald Carter, the Dallas Mavericks' former majority owner, reportedly will sell most of his remaining stake to Fort Worth billionaire Richard Rainwater. The Dallas Morning News and the Fort Worth Star-Telegram reported the deal Friday. The sale will occur as part of a $300-million real estate deal, the newspapers said. The sale's effect upon negotiations with the city for a new arena is unclear, but current majority owner Ross Perot Jr.
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