Word: litton
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Dates: during 1980-1989
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...would receive a takeover bid from Limited Inc. Since the stock's value spurted as a result of the tender offer, he cleared a $95,000 profit. Levine bought 33,000 shares of Carter Hawley Hale and made $222,000. Sokolow, meanwhile, leaked advance information to Levine about Litton Industries' 1982 bid for Itek and R.J. Reynolds' 1985 offer for Nabisco Brands. For those tidbits, the SEC said, Sokolow was paid...
...time went on, Levine's purchases--and profits--grew larger. In November 1982, after joining Lehman Bros., he bought 50,000 shares of Itek. He sold the stock two months later, after Itek was acquired by Litton Industries, netting $805,035. By last May Levine had joined Drexel Burnham Lambert, and in his most lucrative deal yet, he bought 150,000 shares of Nabisco. Three weeks later, speculation over Nabisco's merger talks with R.J. Reynolds enabled him to sell the stock for a profit...
...representative of Litton Guidance and Control Systems--a California firm which designs navigation systems for commercial and military aircraft and cruise missiles--said that the company was concerned about its associates in the Cambridge area, and a nearby city council considering similar action...
...deal with companies in that area [Cambridge] such as Raytheon and [Charles Stark] Draper Laboratories," said Richard G. Doom, of Litton's strategic systems division...
...Peter Chiarelli (Ken Code, Rob Wheater) 16.53. V. Crag Staff (Henry Owen) 2:32, V. Den Crowley (Mark Litton, Norris Jordan) 4:00 H. Wheeler (Chiarelli, Tim Smith) 14:08 V. Matt Winnicki (Kevin Foster, Tony Messina) 15:2: H. Peter Follows (Jay North, Brad Kwong) 10:17 H. Wheeler (funasated...