Word: belzberg
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Dates: during 1980-1989
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...sons of Polish immigrants, Sam, William and Hyman Belzberg have invested the proceeds of their real estate and oil and gas investments in a complex tangle of public and private firms said to be worth some $8 billion. U.S. holdings include Manhattan-based First City Capital, a subsidiary of Vancouver's First City Financial (assets: $2.9 billion); Far West Financial, a large California savings and loan; Connecticut-based Scovill, an industrial firm that makes Yale locks and other consumer products; and substantial stakes in about 20 other major U.S. firms...
Blue Bell had previously spurned takeover efforts by Allegheny Ludlum Industries, the Bass brothers of Texas, and Canada's Belzberg family. But VF's $775 million offer, it seems, was just too comfortable to leave in the fitting room...
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