Advertisement
YOU ARE HERE: LAT HomeCollectionsUeberroth Group
IN THE NEWS

Ueberroth Group

FEATURED ARTICLES
BUSINESS
August 21, 1989 | From Times Wire Services
An investment group that includes former Baseball Commissioner Peter V. Ueberroth is buying the financially struggling parent of Hawaiian Airlines, company officials said. HAL Inc. said Sunday that its board of directors unanimously accepted a tender offer of $22 a share from the group headed by J. Thomas Talbot, a former airline executive from California. The group plans to obtain at least 51% of the company's stock, making its offer worth around $22 million.
ARTICLES BY DATE
NEWS
May 20, 1995 | ELLIOTT TEAFORD, TIMES STAFF WRITER
For months, conventional wisdom had Los Angeles Olympics czar Peter Ueberroth and his group of investors buying a stake in the Angels and eventually succeeding Gene Autry as the baseball club's owners. Ueberroth had been deep in negotiations with Autry and his wife and co-owner, Jackie, reviewing the company's books. But the numbers gave him pause. The team had lost $11 million in 1994 and was heading for an estimated $12.5 million in red ink this year.
Advertisement
BUSINESS
April 10, 1989 | From Associated Press
Leaders of unions representing Eastern Airlines workers met Sunday to discuss the operating plans of the carrier's prospective new owners amid signs of progress in the talks, but continued questions about the viability of the buyers' plan. The unions have been meeting with the prospective buyers, a group led by former baseball commissioner Peter V. Ueberroth, throughout the weekend but took time Sunday morning to discuss among themselves the Ueberroth group's plans for the strikebound airline.
BUSINESS
September 28, 1989 | DENISE GELLENE and JOHN O'DELL, Times Staff Writers
An investment group headed by J. Thomas Talbot and Peter V. Ueberroth, the former major league baseball commissioner, said Wednesday that it will not buy troubled Hawaiian Airlines as planned unless it gets hefty concessions from the airline's unions. In a filing with the Securities and Exchange Commission, the Ueberroth group said it is seeking a three-year wage freeze from the unions and changes in work rules that would increase productivity 30%.
NEWS
April 12, 1989 | From Times wire service s
The $464-million deal to sell strike-bound Eastern Airlines to former baseball commissioner Peter Ueberroth collapsed today and TWA's Carl Icahn quickly expressed renewed interest in buying the troubled airline. Ueberroth and Phil Bakes, president of Eastern, called a news conference in New York "to explain why their efforts to complete a purchase of Eastern Airlines by the Ueberroth group have been unsuccessful." In the meantime, Trans World Airline Inc. Chairman Carl Icahn said unions at Eastern had asked him to make a bid for the company.
NEWS
April 9, 1989 | SCOT J. PALTROW, Times Staff Writer
Former baseball commissioner Peter V. Ueberroth said Saturday that members of his group of investors, including current officials at other airlines, may replace some of Eastern Airlines' top management if the planned $464-million purchase of the troubled carrier goes through. Ueberroth, speaking to reporters in Beverly Hills, said specific plans for management changes had not been drawn up yet. But Phil Bakes, Eastern's current president and chief executive, may be among those replaced if a new management team is brought in. Ueberroth said "I don't know" when asked if Bakes is likely to remain at the airline.
BUSINESS
April 8, 1989 | HENRY WEINSTEIN and ROBERT E. DALLOS, Times Staff Writers
With the clock running, representatives of former baseball commissioner Peter V. Ueberroth began serious negotiations in Washington on Friday with officials of Eastern Airlines' three labor unions. The unions' willingness to grant millions of dollars in wage and work-rule concessions by midnight Tuesday is considered the key to Ueberroth putting together the deal to buy strikebound Eastern for $464 million. Representatives of the pilots union said earlier that they would make concessions in hopes of bringing Eastern out of bankruptcy and putting all of its planes back into the skies.
NEWS
April 12, 1989 | HENRY WEINSTEIN and ROBERT E. DALLOS, Times Staff Writers
Peter V. Ueberroth's effort to acquire Eastern Airlines faltered Tuesday and the atmosphere turned rancorous as lawyers for the strikebound carrier continued to object to the naming of a trustee to run the company while it remains in bankruptcy. There appeared at one point late Tuesday to be a possibility that a federal judge would name a trustee in order to keep the deal on track. But grim-faced bargainers left after a meeting with the judge and warned that the outlook had grown worse.
BUSINESS
September 28, 1989 | DENISE GELLENE and JOHN O'DELL, Times Staff Writers
An investment group headed by J. Thomas Talbot and Peter V. Ueberroth, the former major league baseball commissioner, said Wednesday that it will not buy troubled Hawaiian Airlines as planned unless it gets hefty concessions from the airline's unions. In a filing with the Securities and Exchange Commission, the Ueberroth group said it is seeking a three-year wage freeze from the unions and changes in work rules that would increase productivity 30%.
NEWS
April 6, 1989 | From Associated Press
A group led by former baseball Commissioner Peter V. Ueberroth has agreed to buy Eastern Airlines in a $464-million deal that would give the strike-crippled carrier's employees a major share of the company, the parties announced today. The deal, subject to approval by Eastern creditors and the U.S. Bankruptcy Court, followed lengthy negotiations with Eastern's parent Texas Air Corp. and was greeted with cheers by union members locked in a bitter struggle with Eastern management.
BUSINESS
August 21, 1989 | From Times Wire Services
An investment group that includes former Baseball Commissioner Peter V. Ueberroth is buying the financially struggling parent of Hawaiian Airlines, company officials said. HAL Inc. said Sunday that its board of directors unanimously accepted a tender offer of $22 a share from the group headed by J. Thomas Talbot, a former airline executive from California. The group plans to obtain at least 51% of the company's stock, making its offer worth around $22 million.
NEWS
April 12, 1989 | HENRY WEINSTEIN and ROBERT E. DALLOS, Times Staff Writers
Peter V. Ueberroth's effort to acquire Eastern Airlines faltered Tuesday and the atmosphere turned rancorous as lawyers for the strikebound carrier continued to object to the naming of a trustee to run the company while it remains in bankruptcy. There appeared at one point late Tuesday to be a possibility that a federal judge would name a trustee in order to keep the deal on track. But grim-faced bargainers left after a meeting with the judge and warned that the outlook had grown worse.
NEWS
April 12, 1989 | From Times wire service s
The $464-million deal to sell strike-bound Eastern Airlines to former baseball commissioner Peter Ueberroth collapsed today and TWA's Carl Icahn quickly expressed renewed interest in buying the troubled airline. Ueberroth and Phil Bakes, president of Eastern, called a news conference in New York "to explain why their efforts to complete a purchase of Eastern Airlines by the Ueberroth group have been unsuccessful." In the meantime, Trans World Airline Inc. Chairman Carl Icahn said unions at Eastern had asked him to make a bid for the company.
BUSINESS
April 10, 1989 | From Associated Press
Leaders of unions representing Eastern Airlines workers met Sunday to discuss the operating plans of the carrier's prospective new owners amid signs of progress in the talks, but continued questions about the viability of the buyers' plan. The unions have been meeting with the prospective buyers, a group led by former baseball commissioner Peter V. Ueberroth, throughout the weekend but took time Sunday morning to discuss among themselves the Ueberroth group's plans for the strikebound airline.
NEWS
April 9, 1989 | SCOT J. PALTROW, Times Staff Writer
Former baseball commissioner Peter V. Ueberroth said Saturday that members of his group of investors, including current officials at other airlines, may replace some of Eastern Airlines' top management if the planned $464-million purchase of the troubled carrier goes through. Ueberroth, speaking to reporters in Beverly Hills, said specific plans for management changes had not been drawn up yet. But Phil Bakes, Eastern's current president and chief executive, may be among those replaced if a new management team is brought in. Ueberroth said "I don't know" when asked if Bakes is likely to remain at the airline.
BUSINESS
April 8, 1989 | HENRY WEINSTEIN and ROBERT E. DALLOS, Times Staff Writers
With the clock running, representatives of former baseball commissioner Peter V. Ueberroth began serious negotiations in Washington on Friday with officials of Eastern Airlines' three labor unions. The unions' willingness to grant millions of dollars in wage and work-rule concessions by midnight Tuesday is considered the key to Ueberroth putting together the deal to buy strikebound Eastern for $464 million. Representatives of the pilots union said earlier that they would make concessions in hopes of bringing Eastern out of bankruptcy and putting all of its planes back into the skies.
NEWS
May 20, 1995 | ELLIOTT TEAFORD, TIMES STAFF WRITER
When the Walt Disney Co. agreed to purchase part of the California Angels on Thursday, it created a formidable union between a billion-dollar corporate giant and a homespun, cash-strapped but highly coveted major league sports franchise. The negotiations leading up to the deal involved three heavy hitters in the Southern California sports business: Angels owner and singing cowboy of yesteryear Gene Autry, corporate superstar Michael Eisner and 1984 Los Angeles Olympics czar Peter V. Ueberroth.
Los Angeles Times Articles
|