Advertisement
YOU ARE HERE: LAT HomeCollectionsRobert M Haft
IN THE NEWS

Robert M Haft

FEATURED ARTICLES
BUSINESS
September 5, 1994 | From the Washington Post
Herbert Haft was unexpectedly deposed by his younger son Ronald this weekend as chairman of a real estate company he founded decades ago. A onetime ally with his father against his elder brother Robert, Ronald Haft replaced his father Saturday, the company said. On Friday, Ronald's lawyers announced that they expected his father to try to replace him as president of the Crown Books chain at a board meeting Wednesday.
ARTICLES BY DATE
BUSINESS
September 5, 1994 | From the Washington Post
Herbert Haft was unexpectedly deposed by his younger son Ronald this weekend as chairman of a real estate company he founded decades ago. A onetime ally with his father against his elder brother Robert, Ronald Haft replaced his father Saturday, the company said. On Friday, Ronald's lawyers announced that they expected his father to try to replace him as president of the Crown Books chain at a board meeting Wednesday.
Advertisement
BUSINESS
October 24, 1986 | DEBRA WHITEFIELD, Times Staff Writer
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.
BUSINESS
September 30, 1987 | Associated Press
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.
BUSINESS
November 22, 1986 | MARTHA GROVES, Times Staff Writer
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.
BUSINESS
June 10, 1986 | MARTHA GROVES, Times Staff Writer
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. . . .
BUSINESS
September 18, 1987 | MARTHA GROVES, Times Staff Writer
Dart Group, a book and auto supply retailer controlled by two of Wall Street's shrewdest corporate raiders, Thursday offered $6 billion for Dayton-Hudson, the owner of Target and Mervyn's. The offer for the Minneapolis-based retailer came despite tough new anti-takeover laws passed by the Minnesota Legislature at the behest of Dayton-Hudson earlier this summer. In a letter to Dayton-Hudson's board, Herbert H. Haft, Dart chairman, and his son Robert M.
ENTERTAINMENT
October 4, 1989 | HOWARD ROSENBERG
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.
BUSINESS
April 10, 1988
C anadian developer Robert Campeau this month won a fierce two-month takeover battle for Federated Department Stores, reaching agreement on a $6.6-billion deal, the biggest non-oil merger ever in America. Campeau is getting a retailing empire including such names as Bloomingdale's, Abraham & Straus, Ann Taylor, Burdines and Rich's, along with Ralphs supermarkets in Southern California. To cover some of the expense, Campeau plans to sell $4.
BUSINESS
October 21, 1987 | DENISE GELLENE, Times Staff Writer
Dozens of the nation's largest corporations rushed into the stock market on Tuesday as they announced massive plans to buy back huge volumes of their own stock at bargain prices in the wake of Monday's unprecedented plunge in stock prices. It was also a day on which deals fell apart. Dart Group abandoned a $6-billion drive to take over retailer Dayton Hudson. TWA chairman Carl Icahn dropped plans to take the airline private, and a $2-billion cable-TV merger was suspended.
BUSINESS
November 26, 1986 | HARRY BERNSTEIN
Much of the nation's attention is focused too narrowly these days on a few money-hungry financial manipulators and their impact on the stock market and corporate America. Almost ignored are the hundreds of thousands of workers whose jobs are being eliminated or whose wages are being drastically cut as a result of the big-deal mania afflicting the country.
Los Angeles Times Articles
|