Advertisement
YOU ARE HERE: LAT HomeCollectionsStaley Continental Inc
IN THE NEWS

Staley Continental Inc

FEATURED ARTICLES
ARTICLES BY DATE
BUSINESS
August 10, 1988
Your editorial "It's a Lot of Loot" (July 29) is a given. The amounts involved are staggering. But likewise staggering is the amount of face-saving (if still possible) to mend the broken fences in terms of a besmirched reputation. Not all the gold and silver can put back the sheen and the luster of a good name. GERRY M. EDEJER Los Angeles
Advertisement
BUSINESS
May 10, 1988 | Associated Press
Staley Continental Inc., seeking to thwart a $1.42-billion takeover bid by British sugar refiner Tate & Lyle PLC, said Monday that it was negotiating with at least one other party interested in acquiring part or all of the company. Staley, the nation's second-largest refiner of corn syrup and a leading producer of food service supplies, said last week that it had discussed selling all or part of the company to third parties and expected to enter into such negotiations.
BUSINESS
May 11, 1988 | Associated Press
The federal courts have upheld Delaware's takeover law for the second time in recent weeks, further bolstering the ability of target companies to keep unwanted bidders at bay. But because the judges' opinions were issued in preliminary hearings and are subject to further consideration, experts expect the law to be tested further. "An appeal is almost guaranteed," said Robert Heim, a partner in the Philadelphia office of Dechert Price & Rhoads. "This is far from being conclusive."
BUSINESS
April 9, 1988 | From Times Wire Services
British sugar refiner Tate & Lyle PLC announced Friday a $1.33-billion bid for Staley Continental Inc., but the big Midwestern food company and one of the nation's leading corn processors is expected to resist. Staley commands a 25% share of the U.S. market for high fructose corn syrup, which is used extensively as a soft drink sweetener. Tate & Lyle, which already owns nearly 5% of Staley's stock, said it was offering $32 a share for all the remaining common stock.
BUSINESS
May 11, 1988 | Associated Press
The federal courts have upheld Delaware's takeover law for the second time in recent weeks, further bolstering the ability of target companies to keep unwanted bidders at bay. But because the judges' opinions were issued in preliminary hearings and are subject to further consideration, experts expect the law to be tested further. "An appeal is almost guaranteed," said Robert Heim, a partner in the Philadelphia office of Dechert Price & Rhoads. "This is far from being conclusive."
BUSINESS
May 10, 1988 | Associated Press
Staley Continental Inc., seeking to thwart a $1.42-billion takeover bid by British sugar refiner Tate & Lyle PLC, said Monday that it was negotiating with at least one other party interested in acquiring part or all of the company. Staley, the nation's second-largest refiner of corn syrup and a leading producer of food service supplies, said last week that it had discussed selling all or part of the company to third parties and expected to enter into such negotiations.
BUSINESS
August 10, 1988
Your editorial "It's a Lot of Loot" (July 29) is a given. The amounts involved are staggering. But likewise staggering is the amount of face-saving (if still possible) to mend the broken fences in terms of a besmirched reputation. Not all the gold and silver can put back the sheen and the luster of a good name. GERRY M. EDEJER Los Angeles
BUSINESS
April 28, 1987 | MICHAEL A. HILTZIK, Times Staff Writer
Drexel Burnham Lambert moved Monday to dismiss a Chicago company's lawsuit contending that Drexel interfered with a stock issue by the company in an effort to extort business from it. In papers filed in federal court in Chicago, Drexel, an investment banking firm, denied that it sold stock in Staley Continental, an Illinois food-processing company, while Staley was trying to float a 4-million-share stock issue last November. In fact, Drexel said, it purchased Staley stock during the issue.
BUSINESS
April 9, 1988 | From Times Wire Services
British sugar refiner Tate & Lyle PLC announced Friday a $1.33-billion bid for Staley Continental Inc., but the big Midwestern food company and one of the nation's leading corn processors is expected to resist. Staley commands a 25% share of the U.S. market for high fructose corn syrup, which is used extensively as a soft drink sweetener. Tate & Lyle, which already owns nearly 5% of Staley's stock, said it was offering $32 a share for all the remaining common stock.
BUSINESS
April 28, 1987 | MICHAEL A. HILTZIK, Times Staff Writer
Drexel Burnham Lambert moved Monday to dismiss a Chicago company's lawsuit contending that Drexel interfered with a stock issue by the company in an effort to extort business from it. In papers filed in federal court in Chicago, Drexel, an investment banking firm, denied that it sold stock in Staley Continental, an Illinois food-processing company, while Staley was trying to float a 4-million-share stock issue last November. In fact, Drexel said, it purchased Staley stock during the issue.
Los Angeles Times Articles
|