November 3, 1987 |
A $1.08-billion unsolicited offer for Singer was made Monday by Florida investor Paul A. Bilzerian, who disclosed last Thursday that an investor group he leads had purchased nearly 10% of the aerospace firm's stock. The offer was the first significant hostile acquisition effort since the stock market crashed two weeks ago.
February 1, 1985
Singer Co. got an $8.7-million Army contract for computer equipment.
March 30, 1988
Joseph J. Campanella was elected president, chief operating officer and a director of the Singer Co. The company also announced the resignation of William F. Schmied, 59, as co-chairman, co-chief executive, president and as a member of the board. The 57-year-old Campanella was president of Sperry Aerospace until December, 1986, when that company was acquired by Honeywell.
June 9, 1989 |
Singer Co. Chairman Paul A. Bilzerian was convicted today of all nine counts of securities fraud and tax violation in federal court in Manhattan. The panel of six men and six women returned its verdict on the second day of deliberations. The conviction was the first jury verdict in the government's more-than-three-year crackdown on Wall Street crime. The Bilzerian case was indirectly spun off from the Ivan Boesky insider trading scandal. It was the first prosecution of a corporate raider using information derived from the Boesky investigation.
August 8, 1985 |
Singer Co. said its link simulation systems division of Silver Spring, Md., received a $12.1-million contract from the Navy to build a simulator that would train operators in the detection and identification of underwater sounds. The contract from the Naval Training Equipment Center of Orlando, Fla., calls for an acoustic operator trainer equipped with stations that can train four operators at the same time for can be employed for individual operator training, the company said.
January 5, 1989 |
Singer Co. Chairman Paul Bilzerian, the takeover speculator indicted last month on 12 counts of fraud, pleaded innocent to the charges today and said he wants to get back into the hunt for other companies to buy. "My role going forward was to have been, and should still be, to look for further acquisitions," the 38-year-old defendant told reporters at his arraignment in Manhattan federal court. His lawyer, Arthur Mathews, told reporters: "Mr. Bilzerian is innocent.
CALIFORNIA | LOCAL
November 14, 2002 |
Tracy Coley, 38, singer, actor, gospel choir conductor and co-founder of the Amazing Grace Conservatory, died Saturday in Los Angeles of complications after surgery. Born in Atlanta, Coley grew up singing in choirs and earned a music degree at Morehouse College, where he was featured soloist with the Glee Club.