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Standstill Agreement

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BUSINESS
December 20, 1994
Ropak Corp. said Monday that a special committee of its independent directors has agreed to extend an existing standstill agreement with Linpac Mouldings Ltd. of Birmingham, England. Ropak said in a news release that Linpac has agreed not to acquire additional shares of Ropak capital stock through today. The three-member committee earlier this month rejected as inadequate a $53-million bid by Linpac for Fullerton-based Ropak, a maker of plastic shipping containers.
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BUSINESS
December 20, 1994
Ropak Corp. said Monday that a special committee of its independent directors has agreed to extend an existing standstill agreement with Linpac Mouldings Ltd. of Birmingham, England. Ropak said in a news release that Linpac has agreed not to acquire additional shares of Ropak capital stock through today. The three-member committee earlier this month rejected as inadequate a $53-million bid by Linpac for Fullerton-based Ropak, a maker of plastic shipping containers.
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BUSINESS
March 7, 1987 | MARTHA GROVES, Times Staff Writer
After months of fending off suitor Asher B. Edelman, Lucky Stores said Friday that it has reached an agreement with the New York investor that settles all disputes between them and prohibits him from attempting to gain control for three years. Under the so-called standstill agreement, the Dublin, Calif., supermarket company will pay Edelman's investor group $2.8 million to cover legal and other expenses.
BUSINESS
January 9, 1990 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
In an apparent softening of its resistance to an unsolicited tender offer made last month by Archive Corp., Cipher Data Products has agreed to negotiate terms of a confidentiality and "standstill" agreement with Archive, a possible prelude to talks concerning a friendly merger agreement between the two companies.
BUSINESS
March 13, 1987
Defense Secretary Caspar W. Weinberger and Commerce Secretary Malcolm Baldrige have joined forces to fight the sale of Fairchild Semiconductor Corp. to a Japanese company, Pentagon officials said . . . Ford Motor Co. has decided to offer buyers of its popular Taurus and Sable models a choice of low loan rates ranging from 3.9% for 24 months to 9.9% for 60 months or a $400 rebate . . . An investment group led by Asher B. Edelman reduced its holding in Lucky Stores to 4.8% to comply with a standstill agreement.
BUSINESS
November 11, 1989 | JOHN O'DELL, TIMES STAFF WRITER
The Hammond Co., trying since May to shake the advances of an unwanted suitor, on Friday reached another temporary standstill agreement with a potential buyer. Hammond said Fidelity National Financial Inc. of Irvine has agreed not to purchase any more of Hammond's stock for six months. In return, Hammond will provide Fidelity with information about its business and finances.
BUSINESS
June 19, 1987 | DEBRA WHITEFIELD, Times Staff Writer
Seven months after pocketing $43 million for aborting its hostile takeover attempt on Gillette, Revlon Group renewed its pursuit in a shrewd maneuver that analysts said seriously threatens Gillette's independence. Gillette's board moved quickly Thursday to try to quash the latest $4.6-billion takeover offer, which was contained in a two-page letter from Revlon Chairman Ronald O. Perelman dated June 16.
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