October 11, 1990 |
Mesa Limited Partnership agreed to sell a portion of its portfolio to Seagull Energy Corp. in a deal that could reach nearly $500 million and cut debts of T. Boone Pickens Jr.'s Mesa by nearly one-third, it was announced Wednesday. Under terms outlined in a letter of intent, Houston-based Seagull will pay $376 million in cash for the properties, reserves and acreage and assume $50 million in liabilities.
July 30, 2008 |
Billionaire investor T. Boone Pickens has sold all his holdings in Yahoo Inc. in a pique over the way the Internet company's management handled sales talks with Microsoft Corp. Pickens told the San Francisco Chronicle that he sold all 10 million of his Yahoo shares, at a loss, because he grew frustrated with the company's repeated rebuffs of Microsoft's advances. "I think that Yahoo management was pathetic," Pickens told the Chronicle in a story published Tuesday.
September 28, 1990 |
Corporate raider T. Boone Pickens Jr.'s Mesa Limited Partnership agreed to pay $7.2 million Thursday to settle two civil suits, including one by federal regulators alleging securities law violations. Mesa will pay $2.3 million to settle Securities and Exchange Commission charges that the firm sold a mining company's stock after it announced plans to acquire the concern. The announcement drove up the share price.
November 21, 1989 |
Corporate raider T. Boone Pickens inaugurated the Orange County chapter of his "shareholders rights" organization Monday with a vigorous attack on Japan. Pickens, chairman of the Texas energy company Mesa Limited Partnerships and a longtime critic of corporate management practices, called for a ban on Japanese acquisitions of U.S. companies, even though he conceded that such a move would not be in the interest of shareholders in the short run.
March 1, 1988 |
T. Boone Pickens Jr. set his sights Monday on the nation's largest gold producer, disclosing a $1.88-billion offer to buy Homestake Mining Co. of San Francisco, owner of the big McLaughlin open-pit gold mine in Northern California. In what is beginning to look like a busy year for the Amarillo, Texas, corporate raider, Pickens couched the $20-per-share offer in friendly terms and proposed a negotiated transaction with Homestake management.
December 6, 1990 |
T. Boone Pickens Jr. was forced Wednesday to reveal who paid for his $1-billion stake in a Japanese auto parts maker, muddling his campaign to influence the company and win greater shareholder rights in Japan. The money for Pickens' 26.4% stake in Koito Manufacturing Co. was provided by well-known Japanese raider and property speculator Kitaro Watanabe, who also sold Pickens a chunk of the stock, a lawyer for Pickens said.
October 24, 1990 |
Linking his confrontation with a Japanese auto parts firm to a campaign to open up corporate Japan, American investor T. Boone Pickens on Tuesday stepped up his attacks on Japan's business giants by calling them anti-competitive "modern-day robber barons." During a news conference in Los Angeles, Pickens said Toyota Motor Co. and Koito Manufacturing Co., which supplies auto parts to Toyota, have been conspiring to deny him representation on Koito's board of directors.
September 29, 1987 |
A Delaware judge Monday stalled the takeover fight between Newmont Mining and T. Boone Pickens Jr., ruling that the company's British ally may complete defensive purchases of 15.8 million Newmont shares but ordering the stock held inactive pending a hearing later this week. Pickens, the well-known takeover strategist and Texas oilman, contends that the $1.
November 12, 2008 |
When billionaire oilman and investor T. Boone Pickens launched his plan this summer to boost the use of wind and natural gas to ease U.S. dependence on foreign oil, gasoline prices were at a record $4.11 a gallon and oil prices were at $147 a barrel. Now oil prices are at a 20-month low, falling to $59.33 a barrel on Tuesday, and gasoline prices have plummeted to below $2 a gallon in many parts of the country.
December 15, 1989 |
T. Boone Pickens Jr., the archetypal corporate raider of the 1980s, made millions while writing the book on hostile takeovers but has since seen his fortunes reverse as the tide turns against such tactics in the waning days of the decade. These days, Pickens' Mesa Limited Partnership gets most of its money the old-fashioned way--from oil and natural gas--rather than from high-profile corporate deals.