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Spectradyne Inc

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BUSINESS
May 8, 1987
The Denver businessman offered $321.9 million to acquire the remaining shares of Spectradyne Inc., the nation's largest supplier of pay-per-view movie systems to hotels. Davis made his $37-per-share offer for the rest of the company's outstanding common shares after the market closed. Earlier this week, Davis disclosed in Securities and Exchange Commission filings that he had acquired 7.3% of Spectradyne, based in Richardson, Tex. Spectradyne's stock closed at $40.
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BUSINESS
May 18, 1990 | JOHN LIPPMAN, TIMES STAFF WRITER
Spectradyne Inc., the company whose adult films every traveling executive prays do not show up on the hotel bill, is doing a lot of its own praying these days. The leading provider of pay television movies to hotels, which was acquired by investor Marvin Davis last year, is negotiating with its lenders to restructure the company's finances and reduce its heavy debt load.
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BUSINESS
May 16, 1987 | From Times Wire Services
Investor Marvin Davis said Friday he has dropped his offer to buy Texas-based Spectradyne Inc., the nation's largest supplier of cable television and pay-per-view movies for hotels. In a short statement Friday, Spectradyne, which is based in Richardson, Tex., said it had been evaluating acquisition proposals from two unidentified parties and is continuing talks with one of them. Speculation on Wall Street centered on Washington-based Communications Satellite Corp. as a possible buyer.
BUSINESS
March 22, 1989 | BILL SING, Times Staff Writer
Los Angeles investor Marvin Davis and Prudential Insurance Co. of America said Tuesday they have agreed to acquire Spectradyne, the nation's largest supplier of cable television systems to hotels, from investment groups led by Texas billionaire Robert M. Bass. The companies valued the deal at $635 million, but only $60 million of that amount is for the common stock of the company. The remainder involves Davis and Prudential assuming Spectradyne's debt and dividend payments on preferred stock.
BUSINESS
May 18, 1990 | JOHN LIPPMAN, TIMES STAFF WRITER
Spectradyne Inc., the company whose adult films every traveling executive prays do not show up on the hotel bill, is doing a lot of its own praying these days. The leading provider of pay television movies to hotels, which was acquired by investor Marvin Davis last year, is negotiating with its lenders to restructure the company's finances and reduce its heavy debt load.
BUSINESS
March 22, 1989 | BILL SING, Times Staff Writer
Los Angeles investor Marvin Davis and Prudential Insurance Co. of America said Tuesday they have agreed to acquire Spectradyne, the nation's largest supplier of cable television systems to hotels, from investment groups led by Texas billionaire Robert M. Bass. The companies valued the deal at $635 million, but only $60 million of that amount is for the common stock of the company. The remainder involves Davis and Prudential assuming Spectradyne's debt and dividend payments on preferred stock.
ENTERTAINMENT
November 27, 1991 | ALEENE MacMINN, Arts and entertainment reports from The Times, national and international news services and the nation's press
New York Beckons: John Rohrbeck, president and general manager of KNBC-TV Channel 4 here, is relocating to New York to become president of NBC's television stations division. Rohrbeck will oversee the six stations NBC owns. He succeeds Al Jerome, who is leaving to head Spectradyne Inc. in Dallas, which supplies movies to hotels. Succeeding Rohrbeck at Channel 4 will be L. Reed Manville, the station's manager of sales planning.
BUSINESS
March 21, 1989 | From Times wire services
Billionaire Marvin Davis and the Prudential Insurance Co. of America said today they will purchase Spectradyne Inc., which provides pay-per-view movies to the hotel industry. Davis' Los Angeles-based Davis Cos. and Prudential said they agreed to pay about $635 million for the company from a group that had acquired it two years ago in a $450-million deal. The selling group consists of Acadia Partners, L. P., of Fort Worth, an entity affiliated with billionaire investor Robert M.
BUSINESS
May 16, 1987 | From Times Wire Services
Investor Marvin Davis said Friday he has dropped his offer to buy Texas-based Spectradyne Inc., the nation's largest supplier of cable television and pay-per-view movies for hotels. In a short statement Friday, Spectradyne, which is based in Richardson, Tex., said it had been evaluating acquisition proposals from two unidentified parties and is continuing talks with one of them. Speculation on Wall Street centered on Washington-based Communications Satellite Corp. as a possible buyer.
BUSINESS
May 8, 1987
The Denver businessman offered $321.9 million to acquire the remaining shares of Spectradyne Inc., the nation's largest supplier of pay-per-view movie systems to hotels. Davis made his $37-per-share offer for the rest of the company's outstanding common shares after the market closed. Earlier this week, Davis disclosed in Securities and Exchange Commission filings that he had acquired 7.3% of Spectradyne, based in Richardson, Tex. Spectradyne's stock closed at $40.
BUSINESS
February 14, 1990
A roundup of business developments spotted by other publications. Inn Style: The operators of inns and small hotels are using gadgetry from the home and office to increase business. Some offer videotape rentals through gift shops, front desks or vending machines, with outside contractors providing the videocassette recorders and keeping tapes up to date.
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