Advertisement
YOU ARE HERE: LAT HomeCollectionsSea Land
IN THE NEWS

Sea Land

FEATURED ARTICLES
BUSINESS
January 13, 1986
The plan is aimed at making the international shipper unpalatable to Dallas financier Harold C. Simmons, who wants to acquire it in a hostile takeover. Noting that the Dallas-based Simmons now has more than 35% of Sea-Land's common stock, company officials decided to trigger an anti-takeover plan approved Dec. 10 by the Sea-Land board of directors. The plan gives current shareholders rights to acquire more stock at a 50% discount, diluting the value of the block held by Simmons.
ARTICLES BY DATE
CALIFORNIA | LOCAL
January 28, 2014 | By Tony Perry
SAN DIEGO -- A drone on patrol for U.S. Customs and Protection made an "emergency landing" in the ocean 20 miles southwest of San Diego after experiencing a mechanical problem, officials said Tuesday. The craft has been brought back to San Diego by ship and is no longer a hazard to navigation, the Coast Guard said. The incident occurred about 11:15 p.m. Monday when operators determined that the unmanned Predator B drone "would be unable to return" Sierra Vista, Ariz., where it originated, according to a statement from Customs and Border Protection.
Advertisement
BUSINESS
November 26, 1985 | Associated Press
Directors of Sea-Land met late Monday to discuss a $585-million takeover offer by a Texas financier, a bid called "most unwelcome" by the company but characterized as friendly by a spokesman for the investor. The shipping company's board was considering a $25-a-share buy-out offer by Dallas financier Harold Simmons, who already controls about 25% of Sea-Land. Sea-Land officials declined to comment on the offer, which was announced by the company Nov. 19.
ENTERTAINMENT
August 31, 2012 | By Holly Myers
"Buoyancy," a thoughtful selection of work by the late James Fee (1949-2006), explores the photographer's longstanding attraction to water and the sea. In Fee's moody, mostly black and white images of boats, ships, docks, bridges, islands, marine life and bubbling surf -- drawn from various series dating from 1992 to 2003 -- the show traces a poignant emotional undercurrent, one governed, in large part, by a fraught relationship with a troubled father....
BUSINESS
December 30, 1985
The Dallas investor formally requested approval from Sea-Land, an Edison, N.J.-based shipping and container concern, to increase his ownership in the company beyond the 34.8% he already owns. According to a Securities and Exchange Commission filing, Simmons made the request in a Dec. 24 letter to the Sea-Land board of directors and requested a response before Jan. 6.
CALIFORNIA | LOCAL
March 29, 1996 | JOHN COX, SPECIAL TO THE TIMES
The remote transmitter on Lisa Williams' stolen Geo Tracker led police right to the spot. In a box. In port. Waiting for a slow boat to Guatemala along with five other stolen vehicles. After the Tracker was stolen Tuesday night from in front of Williams' Hollywood home, police picked up the signal on her anti-theft transmitter at the Port of Long Beach by Wednesday evening.
CALIFORNIA | LOCAL
January 28, 2014 | By Tony Perry
SAN DIEGO -- A drone on patrol for U.S. Customs and Protection made an "emergency landing" in the ocean 20 miles southwest of San Diego after experiencing a mechanical problem, officials said Tuesday. The craft has been brought back to San Diego by ship and is no longer a hazard to navigation, the Coast Guard said. The incident occurred about 11:15 p.m. Monday when operators determined that the unmanned Predator B drone "would be unable to return" Sierra Vista, Ariz., where it originated, according to a statement from Customs and Border Protection.
BUSINESS
November 27, 1985
Acting on the advice of its financial adviser, Dillon, Read & Co., the board of directors of Sea-Land Corp. said the offer of $25 a share, or $585 million, from Dallas businessman Harold Simmons was "inadequate." The board authorized management to explore all available alternatives. Meanwhile, Simmons, who already controls 25% of Sea-Land, will meet with management Tuesday. He has agreed not to buy any more Sea-Land stock before then.
BUSINESS
January 23, 1986
The company said it will nominate Harold C. Simmons to its board of directors. Two of Simmons' representatives, retired Adm. Elmo R. Zumwalt Jr. and attorney J. Landis Martin, will also be nominated to the board as a result of the "understanding" reached between the firm and Simmons, Sea-Land Corp. said. The company said it came to terms with the Dallas financier to avoid his plan to wage a proxy fight for control of the board. Simmons currently owns just under 40% of Sea-Land's common stock.
BUSINESS
January 15, 1986
In a letter to the U.S. Department of Transportation, the financier said he will not try to gain control of New Jersey-based Sea-Land Corp. by stock ownership but will opt instead to take over the firm through the election of new board members. Simmons wrote that it is his "intention to postpone further stock purchases" and that he will push for three new directors on the board of the East Coast shipping company. Simmons owns 39.5% of Sea-Land's common stock.
ENTERTAINMENT
April 30, 2004 | Anthony Day, Special to The Times
Sharpe's Escape Portugal, 1810 Bernard Cornwell HarperCollins: 358 pp., $25.95 * BERNARD CORNWELL'S 19 novels about Richard Sharpe, an infantry officer in the British Army during the Napoleonic Wars, have been popular in Britain and Canada. The last one, "Sharpe's Havoc," also did well in the United States. With his latest, "Sharpe's Escape," the publisher is obviously hoping to duplicate the American success of C.S.
WORLD
October 28, 2002 | From Associated Press
Powerful winds lashed Britain and northwestern Europe on Sunday, killing at least 24 people, many crushed by falling trees. The gales also ripped off roofs and played havoc with rail, air, sea and road travel. Falling trees killed six people in Britain, where gusts surpassed 90 mph. Six people died in the Netherlands, including two who were blown into the North Sea and believed drowned.
TRAVEL
April 14, 2002 | KARIN ESTERHAMMER, TIMES STAFF WRITER
An eight-day excursion to Oregon, Washington and British Columbia, Canada, combines cruises and land tours. Participants will spend three nights in Portland, Ore., for tours of the city, then travel to Salem, Tillamook and Astoria. On a tour of Washington state, visitors will tour Mt. St. Helens, the state capital of Olympia and Mt. Rainier. From Seattle the group will board Royal Caribbean's Radiance of the Seas for a cruise to Victoria and Vancouver, Canada.
NEWS
May 8, 2001 | From Associated Press
The pilot who flawlessly ditched a small plane carrying his family and neighbors into the sea also led them safely to a life raft as the aircraft sank in Massachusetts Bay, passengers said Monday. Pilot Dana Lake and his neighbor, James Comosa, managed to prepare their wives, Lake's three daughters and Comosa's two sons for Sunday's emergency landing. "Dana kept his cool through the whole thing. He told us exactly what to do. The little girls were freaking out," said Jamie Comosa, 14.
BUSINESS
July 23, 1999 | From Times Staff and Wire Reports
Danish shipping giant A.P. Moeller said Thursday it will pay $800 million for the international operations of CSX Corp.'s Sea-Land Service Inc., the largest container ship operator at the Port of Long Beach. In a letter dated Thursday, top officials from Moeller's Maersk Line, CSX and Sea-Land said they did not anticipate any disruption in shipping schedules or cargo volume at U.S. ports because of the merger.
BUSINESS
March 17, 1999 | Bloomberg News
CSX Corp. said it will split its Sea-Land Service Inc. business, the biggest U.S. ocean-shipping company, into three units in a move that may make it easier to sell. CSX, which also owns the third-largest U.S. railroad, will separate Sea-Land into a company that handles port business, a domestic shipping company and an international shipper. Richmond, Va.-based CSX is shifting its focus to its railroad. The company is absorbing its purchase of part of Conrail Inc.
BUSINESS
January 8, 1986
The harshly worded letter rejected Dallas financier Harold Simmons' takeover offer as manipulative and said it shows that he does not intend to treat company shareholders fairly. "We have repeatedly told you in person, in writing and through your advisers that the Sea-Land board will consider in good faith any firm offer--from you or any other party--that provides fair and measurable value to all Sea-Land shareholders," company Chairman Joseph F. Abely Jr. said in the letter.
CALIFORNIA | LOCAL
March 29, 1996 | JOHN COX, SPECIAL TO THE TIMES
The remote transmitter on Lisa Williams' stolen Geo Tracker led police right to the spot. In a box. In port. Waiting for a slow boat to Guatemala along with five other stolen vehicles. After the Tracker was stolen Tuesday night from in front of Williams' Hollywood home, police picked up the signal on her anti-theft transmitter at the Port of Long Beach by Wednesday evening.
CALIFORNIA | LOCAL
November 4, 1990
Proposition B on Tuesday's ballot includes $10 million specifically for purchasing Significant Ecological Areas. The $817-million bond proposal, known as the Safe Neighborhood Parks Act, earmarks the money to buy land in SEAs in the Santa Clarita and Antelope valleys. Additional funds would probably be spent in SEAs in other areas, although dollar amounts are uncertain.
Los Angeles Times Articles
|