X-Nico

unusual facts about hostile takeover



Gaylord Chemical Corporation

Crown Zellerbach was the object of a hostile takeover by James Goldsmith in mid-1985, which split up the corporation in May 1986.

Gaylord Container Corporation

Gaylord Container was a by-product of the hostile takeover of Crown Zellerbach by Sir James Goldsmith in July 1985, which resulted in the break-up of the San Francisco-based forest products corporation in May 1986.

MAI Basic Four

In 1988, Wall Street financier Bennett S. LeBow, who had acquired a controlling interest in the company, used it as a platform for an unsuccessful attempted hostile takeover of much larger Prime Computer.

Omnicare

In 2012, the Federal Trade Commission (FTC) sued Omnicare to block its hostile takeover of its rival PharMerica under federal anti-trust law.

Samuel J. Heyman

During the late 1980s, Heyman attempted hostile takeovers of Union Carbide and Borg-Warner in an effort to increase the scale of GAF's chemical operations.


see also

Aramark

In 1983, Joseph Neubauer was elected CEO of ARA Services and a year later, in 1984, Neubauer led a group of executives to fend off a hostile takeover bid by coordinating a management buyout.

Broadway Stores

After attempting an ill-fated, unsuccessful hostile takeover of Marshall Field in 1977, the company acquired the venerable but tattered John Wanamaker's of Philadelphia for $60 million (cash) in April 1978.

Goodyear Aerospace

In 1987 it was sold to Loral Corporation for $640 million following a massive restructuring of Goodyear prompted by the hostile takeover attempt by James Goldsmith and the Hanson Trust.

Government of the 25th Dáil

The Minister for Industry and Commerce Albert Reynolds blocked the hostile takeover of Irish Distillers by Grand Metropolitan.

Hostile Takeover Trilogy

Hostile Takeover is a science fiction trilogy (actually one long novel in three parts) written by S. Andrew Swann and published by DAW Books where the main setting is the Anarcho-capitalist planet of Bakunin.

Jim Whitehurst

Whitehurst was tapped by former Delta CEO Gerald Grinstein to lead the airline out of bankruptcy and played a critical role in Delta's battle for survival against the hostile takeover attempt by US Airways in 2006.

Johnsonburg, Pennsylvania

In 1990, Penntech sold the mill to Willamette Industries, the company that would later be acquired by Weyerhaeuser in February 2002 in a hostile takeover and then in 2007 was acquired by Domtar.

Josef Neckermann

He benefited greatly from the Nazi forced hostile takeover of Jewish merchants including the 1938 acquisition of Karl Amson Joel's retail business in Berlin.

Macy's, Inc.

In 1990, Federated—now under the control of Robert Campeau—went bankrupt after its hostile takeover of Allied Stores; it emerged from bankruptcy after the ouster of Campeau in 1992 as a new public company.

Martin Marietta

In 1982, Martin Marietta was subject to a hostile takeover bid by the Bendix Corporation, headed by William Agee.

Musselburgh and Fisherrow Co-operative Society

The most notable demutualization plan of a UK retail co-operative was the 1997 failed hostile takeover bid for the Co-operative Wholesale Society by Andrew Regan.

Nedlloyd

The desperately required commercial views were overshadowed by a “cashier’s mentality” resulting in a hostile takeover attempt in the late 1980s by the Norwegian investor Torstein Hagen, aimed at steering back to the real shipping activities, leaving the Nedlloyd management panic stricken, digging in and manoeuvring into self defensive tactics, with the help of shareholders meetings, without facing the real problems.

Robert Milton

Shortly after he became CEO, American Airlines and Onex initiated a hostile takeover bid for Air Canada, which Milton helped to successfully defeat.

Rocco Forte

In the mid-1990s, the Forte Group was faced with a hostile takeover bid from Gerry Robinson's Granada.

Sophie Chandauka

Since qualification, Chandauka has worked on a number of high profile transactions including the attempted hostile takeover of the London Stock Exchange Group by the Macquarie Group; the acquisition of the The Body Shop by L'Oréal; Nike, Inc.’s acquisition of Umbro; and the initial public offering (IPO) of Ferrexpo as the first Ukrainian company to be listed on the London Stock Exchange.

Strawbridge's

After successfully fighting off a hostile takeover attempt by Ronald S. Baron in 1986, Strawbridge & Clothier survived as an independent, locally-owned department store into the 1990s.