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BUSINESS
July 11, 1987 | NANCY RIVERA BROOKS, Times Staff Writer
Phillips-Van Heusen, the shirt maker that became one of the country's largest apparel manufacturers, said Friday that a company owned by Texas multimillionaire Caroline Hunt Schoellkopf has made an unsolicited $22-per-share takeover bid. Phillips-Van Heusen said its board will consider the all-cash offer from Rosewood Financial, which owns 19.7% of the New York company's 15 million shares outstanding, after it is reviewed by the company's financial and legal advisers.
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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.
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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
January 27, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
First Executive Corp.'s second-largest shareholder, Rosewood Financial, made an offer Friday to create a group to buy the life insurance holding company. Rosewood said it would pay $6 a share in cash for up to half of First Executive's common stock outstanding, while holders of the rest would get one share of common stock in the post-merger company for each current First Executive share.
BUSINESS
January 27, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
First Executive Corp.'s second-largest shareholder, Rosewood Financial, made an offer Friday to create a group to buy the life insurance holding company. Rosewood said it would pay $6 a share in cash for up to half of First Executive's common stock outstanding, while holders of the rest would get one share of common stock in the post-merger company for each current First Executive share.
BUSINESS
July 11, 1987 | NANCY RIVERA BROOKS, Times Staff Writer
Phillips-Van Heusen, the shirt maker that became one of the country's largest apparel manufacturers, said Friday that a company owned by Texas multimillionaire Caroline Hunt Schoellkopf has made an unsolicited $22-per-share takeover bid. Phillips-Van Heusen said its board will consider the all-cash offer from Rosewood Financial, which owns 19.7% of the New York company's 15 million shares outstanding, after it is reviewed by the company's financial and legal advisers.
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