May 19, 1994 |
Days before a trial that could have led to the breakup of one of Washington's largest retail and real estate fortunes, the Haft family has abruptly settled its bitter business feud in the quiet of a closed courtroom. As a result of the settlement, reached Tuesday, the two sides of the once-close clan will essentially go separate ways. Family patriarch Herbert H. Haft and his son, Ronald, will pay Herbert's wife, Gloria Haft, and the couple's other two children, Robert M.
October 24, 1986 |
Renewed speculation that Federated Department Stores is ripe for a takeover--most likely by the Dart Group drugstore chain--sent the stock of the nation's largest department store operator soaring $3.75 a share on Thursday to $94. Federated, parent of Bullock's and Bloomingdale's, wouldn't comment on the unusual stock activity. And Dart President Robert M. Haft did not return a reporter's phone call.
September 30, 1987 |
Dart Group, undeterred by Dayton Hudson's rejection of its takeover bid, sweetened the terms by $3 a share Tuesday but directors of the retailing giant indicated that they would spurn the new offer, too. Herbert H. Haft, Dart's chairman and Robert M. Haft, the company's president, said in a letter to the Dayton Hudson board that they would pay $68 a share plus stock in a surviving company for each of Dayton Hudson's 97.4 million outstanding shares.
November 22, 1986 |
Federated Department Stores, the parent company of Bullock's and Ralphs and for months the subject of takeover rumors, said Friday that it has paid $195 million to buy back 2.2 million of its shares from "a single holder." On Wall Street, the belief was that Federated had bought the stock from Dart Group in an effort to fend off a potentially unfriendly takeover by the East Coast company.
June 10, 1986 |
Thrifty Corp., which agreed last month to be bought by Pacific Lighting Corp., said Monday that it has sold its interests in Crown Books, a discount book chain, and Trak Auto West, a discount auto parts chain. Leonard H. Straus, chairman of Thrifty, a Los Angeles-based chain of drug and discount stores, said that "Pacific Lighting and we both felt it was best to dispose of these interests. . . .
October 4, 1989 |
Frustrations have been building for months. So once again, it's time to unleash the fury of . . . The Gripe Line. First, a good news/bad news gripe. We Interrupt This Program . . . . But why? News bulletins are often arbitrary and unmerited, giving undue emphasis to relatively unimportant events. An example of good use came Tuesday morning, when ABC, CBS and NBC repeatedly interrupted their regular programming for accounts of a possible coup attempt in Panama, where strongman Manuel A.