April 15, 1987 |
A long-brewing struggle over the assets of Taft Broadcasting seemed suddenly headed for resolution Tuesday as the media and entertainment company's three principal shareholders disclosed that they have formed a limited partnership and will seek to buy out the company's public shareholders. The partnership, with about 42% of Taft Broadcasting's stock, is led by American Financial Corp. President Carl M. Lindner. Joining Lindner are Dudley S.
March 12, 1987
Cincinnati-based Taft Broadcasting Co. said its board of directors unanimously rejected the offer from an investor group led by its vice chairman, Dudley S. Taft, son of the company's founder. The board concluded that the offer failed to recognize fully the future prospects of the company and directed management to explore alternatives including possible financial restructuring. The offer for Taft, a Cincinnati-based television station and cable system operator, was made last Friday.
March 31, 1987
Taft Broadcasting Co.'s largest shareholder said it has had talks about taking part in a move to take control of the company, already the target of a $1.38-billion buyout bid by its vice chairman. In a filing with the Securities and Exchange Commission, a group led by Fort Worth investor Robert Bass said it held discussions with other Taft stockholders and some company managers and directors. It currently owns a 24.