October 22, 1994
Responding to a $1.5-billion hostile takeover bid from Seal Beach-based Rockwell International Corp., Reliance Electric Co., the Cleveland-based industrial products concern, asked its stockholders not to tender their shares to the firm until Reliance's board weighs the $30-a-share cash offer. The directors are "carefully considering the terms," said Reliance, which earlier agreed to merge with General Signal Corp. in a stock swap valued at $1.3 billion.
March 16, 1993
Rockwell International Corp.'s Rocketdyne division in Canoga Park said it has completed the design-review phase of the electrical power system it is building for the proposed Space Station Freedom. Rocketdyne, one of the prime contractors for the space station, said the review addressed all aspects of the electrical power system design and confirmed that the designs are appropriate for flight.