Advertisement
YOU ARE HERE: LAT HomeCollectionsRonald Labow
IN THE NEWS

Ronald Labow

FEATURED ARTICLES
BUSINESS
February 13, 1996 | MARTHA GROVES, TIMES STAFF WRITER
Teledyne Inc., the maker of a disparate range of products from Water Pik shower heads to unmanned aircraft, has gotten an unwanted pre-Valentine's Day "Be mine" from longtime suitor Ronald LaBow. In a letter to Teledyne Chairman William P. Rutledge, released Monday, LaBow offered $30 a share, or about $1.67 billion, for the Los Angeles company. Two-thirds of that would be in cash and one-third would be in stock of his own WHX Corp., the parent of steelmaker Wheeling-Pittsburgh Corp.
ARTICLES BY DATE
BUSINESS
February 13, 1996 | MARTHA GROVES, TIMES STAFF WRITER
Teledyne Inc., the maker of a disparate range of products from Water Pik shower heads to unmanned aircraft, has gotten an unwanted pre-Valentine's Day "Be mine" from longtime suitor Ronald LaBow. In a letter to Teledyne Chairman William P. Rutledge, released Monday, LaBow offered $30 a share, or about $1.67 billion, for the Los Angeles company. Two-thirds of that would be in cash and one-third would be in stock of his own WHX Corp., the parent of steelmaker Wheeling-Pittsburgh Corp.
Advertisement
BUSINESS
April 21, 1995 | JAMES F. PELTZ
Teledyne Inc., which put itself on the auction block last month after rejecting a hostile takeover bid from WHX Corp., confirmed Thursday that it is in talks with several other potential buyers. One of the suitors is in "detailed discussions" about buying Teledyne, the Los Angeles-based conglomerate said, but it declined to identify any of the parties. WHX, the parent of steelmaker Wheeling-Pittsburgh Corp., offered $22 a share, or $1.
BUSINESS
March 1, 1996 | JAMES F. PELTZ
Teledyne Inc. on Thursday rejected a $1.78-billion takeover offer from WHX Corp., the parent of steelmaker Wheeling-Pittsburgh Corp., and hiked its quarterly dividend by 50%. Teledyne said its board rejected the bid on grounds the company "is worth far more than $32 a share." New York-based WHX, headed by financier Ronald LaBow, is offering $32 in cash and stock for each of the 55.
BUSINESS
April 27, 1995 | JAMES F. PELTZ
WHX Corp., which is pushing for the sale of Teledyne Inc., scored a minor victory Wednesday when it got one of its nominees elected to Teledyne's seven-member board. Teledyne, a Los Angeles-based conglomerate that put itself up for sale last month after rejecting a $1.2-billion buyout offer from WHX, said WHX succeeded in getting one of its two nominees elected to the board at Teledyne's annual stockholders meeting in Santa Monica.
BUSINESS
December 31, 1999 | Associated Press
Bethlehem Steel Corp., the nation's second-largest steelmaker, took defensive measures to prevent a hostile takeover by WHX Corp., the parent of Wheeling-Pittsburgh Steel Corp. Bethlehem Steel took aim at WHX, which earlier this month amassed 2 million shares, or 1.6% of Bethlehem's stock. WHX, which is controlled by financier Ronald LaBow, also filed paperwork with federal antitrust regulators signaling a possible takeover or some other kind of deal.
BUSINESS
October 26, 1995 | JAMES F. PELTZ, TIMES STAFF WRITER
Century City-based Teledyne Inc. took itself off the auction block Wednesday on the grounds that the performance of its businesses is more valuable to investors than a sale of the conglomerate. A special committee of Teledyne's directors concluded that the company's recent profit gains and "the future potential" of its operations outlast the various proposals Teledyne received for all or major parts of the company, Chairman William Rutledge said in an interview.
BUSINESS
March 4, 1996 | From Bloomberg Business News
WHX Corp. said Sunday that it wants Teledyne Inc. shareholders to vote on its $1.78-billion bid for the Century City-based diversified maker of aviation, electronics and consumer products, which Teledyne's board rejected last week. Teledyne's management rejected WHX's $32-a-share offer late Thursday, saying the price didn't come close to the "far greater" value the company expects to generate from improved earnings and its business strategy.
BUSINESS
August 4, 1997 | From Bloomberg News
Union leaders approved a five-year labor contract that would end a 10-month strike by 4,500 steelworkers at WHX Corp.'s Wheeling-Pittsburgh Steel Co. At a news conference in Pittsburgh, union leaders said they expect United Steelworkers of America members to ratify the agreement--which raises wages and pension payments--within two to three weeks.
BUSINESS
February 27, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
WHX Corp., turning up the pressure on Teledyne Inc. to accept its unsolicited takeover attempt, on Monday raised its offer for the Los Angeles-based conglomerate to $1.78 billion. In lifting its bid to $32 from $30 for each of Teledyne's 55.7 million shares, WHX urged Teledyne to accept the sweetened price to preclude a proxy fight that WHX is also waging as a parallel effort to gain control of Teledyne.
BUSINESS
December 22, 1994 | RALPH VARTABEDIAN, TIMES STAFF WRITER
WHX, the parent of Wheeling-Pittsburgh Steel Corp., launched a hostile effort Wednesday to buy Teledyne Inc., following an undisclosed $1.2-billion acquisition proposal made last month that was rejected by Teledyne's board. New York-based WHX said it was filing under the federal Hart-Scott-Rodino Antitrust Act to buy up to 15% of Los Angeles-based Teledyne and has already acquired 975,000 Teledyne shares, or 1.8% of the outstanding common stock. Teledyne shares closed at $20.
Los Angeles Times Articles
|