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BUSINESS
July 21, 1990 | From Reuters
American Brands said Friday that its MasterBrand Industries Inc. unit agreed to acquire Moen Group Inc., a maker of kitchen and bathroom faucets, from the buyout firm Forstmann Little & Co. for $975 million in cash. Forstmann Little, a private investment firm that has been involved in a string of deals this year, said it bought Moen's predecessor, Stanadyne Inc., in March, 1988, for $840 million.
BUSINESS
January 12, 1988 | Associated Press
Stanadyne Inc. stock soared in national over-the-counter trading Monday as Emhart Corp. began an unsolicited $580-million tender offer to acquire the manufacturing company. Stanadyne rocketed $17.25 to $39.50 per share. The company said it would schedule a special board meeting to consider the $40-a-share tender offer begun by Emhart, which last week was rebuffed in a friendly merger attempt.
BUSINESS
January 11, 1988 | Associated Press
Emhart Corp. announced Sunday that it is seeking to acquire Stanadyne Inc. in a deal worth $580 million. The multinational consumer and industrial products company indicated in a statement that it was taking its offer directly to Stanadyne's shareholders after having been rebuffed by the company's management in discussions last week. Emhart said it would pay $40 for each outstanding share of Stanadyne's common and Class A stock, but that the proposal, which expires Feb. 8.
BUSINESS
July 3, 1990 | From Associated Press
Investors defrauded in a massive 1988 insider trading scheme may be entitled to compensation from $19 million in alleged illegal profit surrendered by one of the defendants, officials said Monday. The Securities and Exchange Commission filed a proposed plan in a New York court for distributing the money allegedly obtained in what at the time was the second-largest insider trading case in U.S. history. In 1988, the SEC accused Fred C. Lee, a Taiwanese national living in Hong Kong, and Stephen K.
BUSINESS
March 21, 1989 | From Associated Press
Emhart Corp. said Monday that it had agreed to be acquired by Black & Decker Corp. in a $2.8-billion takeover to thwart a hostile $2.4-billion buyout attempt by an investor group that includes oil heir Gordon P. Getty. The $40-a-share agreement, unanimously approved by the boards of both companies, came weeks after Farmington, Mass.-based Emhart spurned the unsolicited $35-a-share offer from the Getty group, known as Topper LP. Peter L.
BUSINESS
March 30, 1988 | JAMES F. PELTZ, Times Staff Writer
Price Pfister Inc., a maker of brass faucets and other plumbing fixtures, is negotiating to be acquired by Emhart Corp. in a deal that would shower $140 million on the Pacoima-based company's three main stockholders. Emhart, with interests in industrial products, consumer goods and computer services, said it is prepared to pay $18.50 for each of Price Pfister's 11.4 million common shares outstanding, or $211 million, and that its total investment would reach $215 million.
BUSINESS
August 26, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
Occupying a prominent spot in Theodore Forstmann's office, right next to the picture of him with George Bush, is a joke gift that the corporate buyout specialist received recently at his 50th birthday party. It is a phony newspaper advertisement in a silver frame. Printed to look like the quarter-page "tombstone" ads that financial companies take out to trumpet completion of big deals, it says: "We are pleased to announce the acquisition of the remaining assets of Kohlberg Kravis Roberts & Co.
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