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April 15, 1989 | GEORGE WHITE, Times Staff Writer
An investor group including some of the billionaire Bass brothers of Texas warned American Medical International that the group may sue or attempt to take over the company if management fails to take quick action to boost the value of AMI stock. RTF Partners, which holds an 11.6% stake in the Beverly Hills-based hospital management firm, issued the warning in a document filed Friday with the Securities and Exchange Commission. The possible suit would involve AMI management's legal obligation to act in the best interest of shareholders.
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BUSINESS
April 20, 1989 | GEORGE WHITE, Times Staff Writer
American Medical International, under pressure from key shareholders to respond to a bid to buy the company, said Wednesday that it will seek other offers. The Beverly Hills hospital management firm decided to encourage others to bid before taking a position on a $24-a-share buyout offer from a group led by Dr. M. Lee Pearce, an AMI director and major shareholder. Pearce and his two partners in Shamrock Investments Acquisition Corp., a Los Angeles group that is unrelated to Roy E. Disney's Shamrock Holdings, joined forces March 23 and offered to buy AMI for $1.7 billion, nearly all in cash.
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BUSINESS
April 20, 1989 | GEORGE WHITE, Times Staff Writer
American Medical International, under pressure from key shareholders to respond to a bid to buy the company, said Wednesday that it will seek other offers. The Beverly Hills hospital management firm decided to encourage others to bid before taking a position on a $24-a-share buyout offer from a group led by Dr. M. Lee Pearce, an AMI director and major shareholder. Pearce and his two partners in Shamrock Investments Acquisition Corp., a Los Angeles group that is unrelated to Roy E. Disney's Shamrock Holdings, joined forces March 23 and offered to buy AMI for $1.7 billion, nearly all in cash.
BUSINESS
April 15, 1989 | GEORGE WHITE, Times Staff Writer
An investor group including some of the billionaire Bass brothers of Texas warned American Medical International that the group may sue or attempt to take over the company if management fails to take quick action to boost the value of AMI stock. RTF Partners, which holds an 11.6% stake in the Beverly Hills-based hospital management firm, issued the warning in a document filed Friday with the Securities and Exchange Commission. The possible suit would involve AMI management's legal obligation to act in the best interest of shareholders.
BUSINESS
April 13, 1989
AMI Asked to Consider All Offers: A Ft. Worth investor group holding the largest stake of American Medical International stock have asked AMI management to consider all buyout offers and any other proposal that would enhance the value of their shares, according to a statement filed with the Securities and Exchange Commission. RTF Partners--the group has a 11.6% stake in the Beverly Hills hospital chain--said it has also had discussions with a group that recently offered $24 a share to take AMI private.
BUSINESS
October 12, 1989 | GEORGE WHITE, TIMES STAFF WRITER
American Medical International, already the subject of a $1.67-billion acquisition bid from a private investor group, disclosed Wednesday that two other parties may make offers to buy the company. The Beverly Hills-based hospital management firm refused to identify the potential suitors and said it had not yet decided whether to make offers that would top IMA Acquisition Corp.'s bid. That investor group includes Chicago's Pritzker family and First Boston Corp.
BUSINESS
August 30, 1988 | GEORGE WHITE, Times Staff Writer
Walter L. Weisman, chairman and chief executive of American Medical International, has lost the support of most of the firm's directors and is expected to resign today, the company said Monday. The resignation is scheduled one day before a deadline set by M. Lee Pearce, a major shareholder who has long been critical of AMI management. Last month, Pearce--who holds the second-largest stake in the Beverly Hills hospital chain--urged the board to remove Weisman by Aug. 31.
BUSINESS
April 13, 1989
AMI Asked to Consider All Offers: A Ft. Worth investor group holding the largest stake of American Medical International stock have asked AMI management to consider all buyout offers and any other proposal that would enhance the value of their shares, according to a statement filed with the Securities and Exchange Commission. RTF Partners--the group has a 11.6% stake in the Beverly Hills hospital chain--said it has also had discussions with a group that recently offered $24 a share to take AMI private.
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