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BUSINESS
June 12, 1989
Storehouse Rejects Edelman Bid: Storehouse PLC rejected a proposal by U.S. takeover specialist Asher B. Edelman that he make a friendly offer for the British retailer of about $1.2 billion. Edelman said he was prepared to offer $2.89, or 185 pence, a share for Storehouse, subject to several conditions including approval by Storehouse's board. But Storehouse said it wouldn't meet with Edelman to discuss his proposal, saying his approach "is neither an offer nor a firm intention to make an offer."
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BUSINESS
December 12, 1989 | MICHAEL CONNOR, REUTERS
Asher B. Edelman has run into big financial reversals on both sides of the Atlantic, and the corporate raider's troubles reflect a sea change in the way takeovers are being carried out in the United States, stock speculators say. "Asher was a very effective raider of the past, (but) his type of raiding is not viable anymore. It's not surprising Asher is not going to do this business anymore," an arbitrager said.
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BUSINESS
June 12, 1989
Storehouse Rejects Edelman Bid: Storehouse PLC rejected a proposal by U.S. takeover specialist Asher B. Edelman that he make a friendly offer for the British retailer of about $1.2 billion. Edelman said he was prepared to offer $2.89, or 185 pence, a share for Storehouse, subject to several conditions including approval by Storehouse's board. But Storehouse said it wouldn't meet with Edelman to discuss his proposal, saying his approach "is neither an offer nor a firm intention to make an offer."
BUSINESS
December 12, 1989 | MICHAEL CONNOR, REUTERS
Asher B. Edelman has run into big financial reversals on both sides of the Atlantic, and the corporate raider's troubles reflect a sea change in the way takeovers are being carried out in the United States, stock speculators say. "Asher was a very effective raider of the past, (but) his type of raiding is not viable anymore. It's not surprising Asher is not going to do this business anymore," an arbitrager said.
BUSINESS
October 19, 1990 | From Times Wire Services
Sir Terence Conran, the British design maverick who created the Conran and Habitat home furnishing stores, has left the retailing giant he founded. The company, Storehouse PLC, said today that Conran has resigned as a non-executive director to pursue other commitments. Conran, 59, relinquished his duties as chairman in May, after heading the group since its formation in 1986. He has bought from Storehouse the main London store bearing his name for $6.
BUSINESS
May 18, 1989 | JUBE SHIVER Jr., Times Staff Writer
Young urban professionals in Southern California who are too poor to hire an interior decorator and too busy to patiently collect home furnishings suddenly have a host of one-stop, "life style" furniture retailers clamoring to serve their needs. Storehouse PLC opened a Conran's store at the Beverly Center this week; next month, International Furniture Inc. will open a third Southern California Stor outlet at the Del Amo Fashion Mall, and Inter-Ikea Systems BV, a giant Scandinavian furniture and housewares company, is eyeing the Southern California market and hopes to open a store in Burbank next year, according to a spokesman at company headquarters in Vancouver.
BUSINESS
January 28, 1990 | KATHY M. KRISTOF, TIMES STAFF WRITER
T hey were the corporate cowboys of the 1980s--entrepreneurs who emerged from nowhere to take on established companies and corporate chieftains. The raiders often claimed to be playing a Robin Hood role, wresting undervalued assets from entrenched managers and redistributing the wealth to shareholders. Their critics described them as Jesse James-style bandits, virtually stealing assets to enrich themselves.
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