With Their Own Money

September 1968
Time;9/13/1968, Vol. 92 Issue 11, p98
The article discusses the acquisition of the Schenley Industries Inc. by Glen Alden Corp. which is owned by Meshulam Riklis. It says that Glen Alden has acquired 88% of Schenley's corporate stock. It tells that the acquisition provides Schenley stockholders with 13 dollars for each share that amounts to 85 dollars and a 100% debenture bond. Riklis adds that Schenley executives oppose to his terms because they are afraid of losing their positions.


Related Articles

  • "I Am a Conglomerate".  // Time;4/5/1968, Vol. 91 Issue 41, p128 

    The article focuses on acquisitions, businesses and career of businessman Meshulam Riklis in the U.S. In 1966, he aimed to take over Schenley Industries Inc. through a merger with Glen Alden Corp. and offered 575 million or 80 dollars a share. In 1962, he formed a retailing firm Rapid-American...

  • Riklis Acquires McCory for $51M.  // DNR: Daily News Record;10/13/97, Vol. 27 Issue 123, p14 

    The article reports on the acquisition of McCrory Corp.'s assets by the company's chairman and chief executive officer (CEO) Meshulam Riklis for 51 million dollars in the U.S.

  • Full Circle.  // Time;3/28/1969, Vol. 93 Issue 13, p94 

    The article offers information on the success of businessman Meshulam Riklis. It states that he was one of the cleverest practitioners in the late 1950s and early 1960s with unique forms of financing in control of businesses. It notes that Riklis has fully recovered from the 1963 disaster...

  • Getting by on a million or so less.  // U.S. News & World Report;3/9/92, Vol. 112 Issue 9, p14 

    Reports that the McCrory Corp. filed for Chapter 11 bankruptcy protection last week. It acknowledged that a new package is needed for CEO Meshulam Riklis; The profit Riklis made last year; The lawsuit New York's Trump Tower has against Riklis and his wife, actress Pia Zadora; More Americans now...

  • Ricklis buys assets of McCrory Corp.  // WWD: Women's Wear Daily;10/8/1997, Vol. 174 Issue 69, p23 

    Reports that McCrory Corp. chairman and chief executive Meshulam Riklis acquired the assets of the bankrupt company.

  • To the Package Store.  // Time;3/24/1967, Vol. 89 Issue 12, p104 

    The article focuses on the business condition of the packaging industry in the U.S. in 1967. It notes that the move of cigarette makers to seek merger opportunities put packaging industry's financial condition at risk. It cites the acquisition of tobacco company Lorillard to liquor company...

  • Ardagh Plans $1.45B Bond Deal. Sheahan, Matthew // High Yield Report;1/21/2013, p2 

    The article reports on the launch by Luxembourg-based packaging company Ardagh Group of a two-part bond deal totaling 1.45 billion U.S. dollars, the proceeds of which will be used to help finance its acquisition of glass manufacturer Verallia North America.

  • BondDesk Acquires MPA Technologies for Analytics. Kite, Shane // Securities Industry News;9/30/2002, Vol. 14 Issue 37, p6 

    Reports the acquisition of MPA Technologies for Analytics by BondBesk Group Llc in California. Emphasis on the decision of the firm to support systems for bond trading; Aims to provide bond solution for more than 60 broker-dealer participants; Use of software by analysts to make strategic...

  • Noteworthy Utah deals. Langan // Enterprise/Salt Lake City;09/27/99, Vol. 29 Issue 14, Focus p13 

    Presents a chart on significant Utah deals such as stock offerings, acquisitions and bond offerings as of September 1999. Includes description of deals; Amounts raised or transaction value; Includes the initial public offering by 1-800 Contacts Inc.; Stock offering by Anesta Corp.; Acquisition...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics