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Rosewood Financial Inc

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January 1, 1991 | RALPH VARTABEDIAN, TIMES STAFF WRITER
Rosewood Financial Partners said Monday that it sold its 9.9% stake in First Executive Corp. after abandoning an effort to force the restructuring of the troubled Los Angeles-based life insurance firm. The sale left Rosewood with a staggering loss. Rosewood, which has led a group holding 8.5 million shares of First Executive, sold its stake Friday for 14 cents per share, according to a filing with the Securities and Exchange Commission. The group paid $77.3 million for its initial 6.
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BUSINESS
February 9, 1990 | J. MICHAEL KENNEDY, TIMES STAFF WRITER
For much of her 66 years, Caroline Rose Hunt, one of the nation's wealthiest women, focused her attention on doing good works and raising five children. More often than not, she shunned the spotlight that was hers for the asking, merely by virtue of being one of the Hunt dynasty of Dallas.
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 26, 1990 | KATHY M. KRISTOF, TIMES STAFF WRITER
First Executive Corp. canceled a restrictive agreement with its biggest shareholder Thursday, opening the door for ICH Corp. to submit a bid for the once high-flying Los Angeles life insurance company. Meanwhile, First Executive revealed that the Securities and Exchange Commission has launched "an informal, private investigation" of the company, which said it is voluntarily submitting documents to the regulatory agency.
BUSINESS
November 3, 1988 | AL DELUGACH, Times Staff Writer
A group of Dallas investors reported Wednesday that it raised its stake in the insurance holding company First Executive Corp. to 9.2% but said nothing new about the possibility that it may seek to take the company private. The group, headed by Rosewood Financial Partners, said its representatives have met with Fred Carr, president and chief executive of the Los Angeles company, "to discuss strategies for enhancing shareholder value."
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
May 22, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
First Executive Corp.'s third-largest and often dissident shareholder, Rosewood Financial, proposed that First Executive's seven-member board be expanded by one and that Donald F. Craib Jr., former chairman and chief executive of Allstate Insurance Group, be given a seat. Rosewood, the Dallas-based investment arm of heiress Caroline Rose Hunt, owns a 9.9% stake in First Executive.
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
February 9, 1990 | J. MICHAEL KENNEDY, TIMES STAFF WRITER
For much of her 66 years, Caroline Rose Hunt, one of the nation's wealthiest women, focused her attention on doing good works and raising five children. More often than not, she shunned the spotlight that was hers for the asking, merely by virtue of being one of the Hunt dynasty of Dallas.
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 26, 1990 | KATHY M. KRISTOF, TIMES STAFF WRITER
First Executive Corp. canceled a restrictive agreement with its biggest shareholder Thursday, opening the door for ICH Corp. to submit a bid for the once high-flying Los Angeles life insurance company. Meanwhile, First Executive revealed that the Securities and Exchange Commission has launched "an informal, private investigation" of the company, which said it is voluntarily submitting documents to the regulatory agency.
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