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BUSINESS
July 11, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
First Executive Corp., the troubled life insurance concern, agreed to turn over detailed financial information about the company to one of its largest shareholders, Rosewood Financial Partners. Texas-based Rosewood said it entered into a confidentiality agreement that will allow it to receive the data and thus help "determine the feasibility" of Rosewood's long-stated goal of bringing about a recapitalization or reorganization of First Executive.
BUSINESS
October 7, 1989 | From a Times Staff Writer
A Texas partnership called the Airlie Group told the Securities and Exchange Commission on Friday that it holds a 6.7% stake in First Executive Corp., the Los Angeles-based insurance holding company noted for its investments in high-yield junk bonds. In its SEC filing, the Airlie Group said it paid about $46.7 million for its stake "for investment purposes." The holding, it said, includes depositary shares and warrants to buy common stock that together constitute the equivalent of 6.
BUSINESS
February 9, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
A conditional offer by Rosewood Financial to acquire the big Los Angeles-based life insurance holding company First Executive Corp. expired this week without any response from First Executive's board. The lack of a response angered Rosewood officials as well as other major First Executive shareholders. Dallas-based Rosewood Financial, part of Rosewood Corp.
BUSINESS
November 20, 1987 | JAMES S. GRANELLI, Times Staff Writer
Thomas R. Pagliuso admits that he was not a model student, at least not in the three Los Angeles high schools that kicked him out. But he acquired a taste for architecture while in the Army, persuaded a USC dean to let him enroll in college despite his unscholarly record and became a model entrepreneur.
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