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BUSINESS
April 6, 1988 | DENISE GELLENE, Times Staff Writer
CalMat, a big construction material company, said Tuesday that it plans to shed its real estate and cement business in a dramatic move designed to ward off a hostile takeover bid from New Zealand investor Ronald A. Brierley. The company said it expects to receive $800 million from the sale of its cement and real estate, located mostly in Southern California. CalMat will distribute the after-tax proceeds from the sales to shareholders.
BUSINESS
April 6, 1988 | DENISE GELLENE, Times Staff Writer
CalMat, a big construction material company, said Tuesday that it plans to shed its real estate and cement business in a dramatic move designed to ward off a hostile takeover bid from New Zealand investor Ronald A. Brierley. The company said it expects to receive $800 million from the sale of its cement and real estate, located mostly in Southern California. CalMat will distribute the after-tax proceeds from the sales to shareholders.
NEWS
October 1, 1987 | CHRIS WOODYARD, Times Staff Writer
The prospect of Mickey Mouse at the helm of the Queen Mary drew raves from Long Beach officials, largely taken by surprise earlier this week with the announcement of a proposed buyout of Wrather Corp. by the Walt Disney Co. and a New Zealand millionaire. "If they're going to be sold, I would rather it be to Disneyland than to anyone else," said Mayor Ernie Kell. Disney executives and New Zealand millionaire Ronald A. Brierly announced Monday plans to jointly purchase all of Wrather's 7.
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