Word: zellerbachs
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...Britain in 1957, gained control of the British food company Bovril in 1971, reorganized it, moved on to the U.S. in 1973, acquired the ailing Grand Union chain for $62 million, reorganized it, launched a raid on Diamond International, began eyeing St. Regis, the Continental Group, Colgate- Palmolive, Crown Zellerbach, Goodyear Tire & Rubber, Pan Am. He operated through a network of Panamanian and Caribbean holding companies, all ultimately controlled by an organization called the Brunneria Foundation, headquartered in Liechtenstein and entirely owned by Goldsmith and his family...
Foreign shopping fever reaches even into the country's remote fastnesses. When the brash British raider Sir James Goldsmith calculated that U.S. timberland was becoming a tempting prize, he launched a $500 million takeover bid at San Francisco's Crown Zellerbach paper company in order to grab the corporation's vast forests. As a result of the 1985 takeover, Goldsmith now owns 1.9 million acres of American forests in Washington State and Oregon...
...mergers help to make businesses more efficient. The threat of a takeover can be an effective way of dislodging inept managers. To Carl Icahn, the typical chief executive is merely "a nice guy, a good drinking buddy." Sir James Goldsmith, a feared acquisitor who gained control of the Crown Zellerbach paper company last summer, told Congress that he has freed firms from "the dead hand of the bureaucrat" who produced only "complacency, ossification and decline...
Acquisitors Carl Icahn and Sir James Goldsmith were also on the prowl last week. Goldsmith, who controls Grand Union supermarkets and France's L'Express magazine, formally offered more than $800 million for up to 70% of Crown Zellerbach, a forest products company that has been fighting off the interloper since December. The day after the Goldsmith proposal, Icahn said he would pay $305 million for 51% of Uni-royal, a tire and chemical manufacturer, which immediately spurned the deal. The moves were only the latest in an increasingly frenzied round of takeover brawls and mergers. Last month Capital Cities...
...architectural leviathan Skidmore, Owings & Merrill, who presided over more than $3 billion of construction during his 40-year career, including such prestigious and innovative design commissions as New York City's Lever House, Chicago's towering John Hancock Building, and San Francisco's Crown Zellerbach Building; of lung cancer; in Jacona...