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Solomon Lew

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BUSINESS
July 5, 1987
The board of RB Industries Inc. elected Solomon Lew a director. Lew, an Australian businessman, controls Yearpledge Ltd., a British firm that controls 26% of RB, a furniture retailer.
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BUSINESS
June 19, 1987
In a Securities and Exchange Commission filing, Joseph Sinay, chairman and chief executive of the Los Angeles-based furniture retailer and manufacturer, said he sold 80,000 shares at $10 each to Yearpledge Ltd., a British holding company controlled by Australian businessman Solomon Lew. Earlier this month, Yearpledge bought 400,000 newly issued RB shares. Stanley N.
BUSINESS
June 7, 1994 | From Bloomberg Business News
Kmart Corp. management, having failed to win shareholder backing for its proposal to issue new classes of stock, says it will look for alternatives to the rejected plan. The beleaguered retailer had no backup plan should the proposal fail, Chairman Joseph Antonini said Friday during a recess in Kmart's annual meeting. Antonini said in a statement Monday that Kmart is "committed . . . to reviewing all alternatives," although he did not specify what those might be.
BUSINESS
November 22, 1988 | JESUS SANCHEZ, Times Staff Writer
RB Industries, which operates a chain of furniture showrooms, Monday accepted a $48.5-million takeover bid by an investment group headed by the former president of a rival furniture store chain. The agreement comes less than a month after Irvine-based RB accepted a $46-million takeover bid by a group formed by Montgomery Securities of San Francisco.
BUSINESS
October 25, 1988 | MARTHA GROVES, Times Staff Writer
RB Industries, which runs 51 retail furniture showrooms in the West and has had a checkered performance of late, agreed Monday to be bought for $46 million by an investor group formed by the Montgomery Securities investment firm in San Francisco. Under the definitive agreement, RB shareholders will receive $12 a share as part of a merger into Cahasa Acquisition Corp., a company formed by Montgomery and other investors solely to buy RB.
BUSINESS
July 5, 1987
The board of RB Industries Inc. elected Solomon Lew a director. Lew, an Australian businessman, controls Yearpledge Ltd., a British firm that controls 26% of RB, a furniture retailer.
BUSINESS
October 25, 1988 | MARTHA GROVES, Times Staff Writer
Irvine-based RB Industries, which runs 51 retail furniture showrooms in the West and has had a checkered performance of late, agreed Monday to be bought for $46 million by an investor group formed by the Montgomery Securities investment firm in San Francisco. Under the definitive agreement, RB shareholders will receive $12 a share as part of a merger into Cahasa Acquisition Corp., a company formed by Montgomery and other investors solely to buy RB.
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