|
|
Article: Simmons fades fast as Lockheed takeover threat; aerospace giant has improved defenses since last year. (Harold Simmons )
- Article from:
- Los Angeles Business Journal
- Article date:
- February 18, 1991
- Author:
CopyrightCOPYRIGHT 1991 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Simmons fades fast as Lockheed takeover threat
Lockheed Corp., with its stock at a 52-week high, is in much better shape this year to repel another takeover attempt threatened by Texas billionaire Harold Simmons, who has been trying to acquire the Calabasas-based defense and aerospace company for almost two years, investors and industry analysts said.
Pending the outcome of any last-minute legal maneuvers, Simmons had until late last week to submit his slate of proposals and candidates for election to the board of directors at the annual meeting of Lockheed shareholders scheduled for April 2.
Last year Simmons lost a close proxy battle for control ...