Articles > Popular publications > PR Newswire press releases > April-June 2005 > Friday, May 27

Article: LAACO, Ltd. Recommends That Unitholders Reject Mercury Tender Offer.

Article from:
PR Newswire
Article date:
May 27, 2005
Copyright

LOS ANGELES, May 27 /PRNewswire-FirstCall/ -- LAACO, Ltd. (Pink Sheets: LAACZ) today recommend its unitholders reject an unsolicited offer by Mercury Real Estate Advisors LLC to purchase a minority interest in the outstanding limited partnership units of LAACO. The Board of LAACO'S Managing General Partner unanimously voted to recommend rejection of Mercury's tender offer.

In response to the offer by Mercury, LAACO sent a letter to its unitholders summarizing the reasons for its rejection of the offer, a copy of which follows. 

 
   To The Partners of LAACO, Ltd. 
 
   Dear Unitholders:

We learned recently that entities associated with ... 







Read all of this article with a FREE trial
















Related newspaper, magazine, and journal articles:









  




 

    

 
 
   
 


   
  
  Article: LAACO to Create New Corporate Subsidiaries for Athletic ...

  
  PR Newswire; 
  January 9, 1997 ;  
  
  
 
  700+ words
... ... developed in consultation with LAACO's tax advisor, Coopers & ... of O'Melveny & Myers. LAACO, Ltd., a California limited ... investment and leasing operations. The Managing General Partner of LAACO, Ltd. is Stability Partners ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: LAACO, Ltd. Announces Purchase of Self-Storage Properties.

  
  PR Newswire; 
  August 31, 2001 ;  
  
  
 
  542 words
... ... for $52 million. Subsequently LAACO acquired three of the leased self ... With this week's transaction LAACO has acquired the seven remaining properties. Karen L. Hathaway, Managing Partner of LAACO, said, "These self-storage ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: LAACO SAYS DRS HAS PREPAID $3.2 MILLION NOTE ON EASTWOOD ...

  
  PR Newswire; 
  December 21, 1994 ;  
  
  
 
  582 words
... ... promissary note owed to LAACO by DRS. LAACO received the note in November of ... residential development near Orlando. LAACO had held a note from DRS for ... Karen L. Hathaway, president and managing partner of LAACO Ltd., said, "We are very pleased ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: LAACO, Ltd. Announces Commencement of Operations of 10 ...

  
  PR Newswire; 
  May 26, 2000 ;  
  
  
 
  453 words
... ... ANGELES, May 26 /PRNewswire/ -- LAACO, Ltd. announced today that it ... Southern California. Karen Hathaway, Managing Partner of LAACO, said, "The operation of these ... area." As previously announced, LAACO has an option to purchase the properties ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: LAACO Ltd. Responds to Mini-Tender Offer.

  
  Business Wire; 
  March 2, 1999 ;  
  
  
 
  518 words
... ... Report. "Miramar Partners" has not informed LAACO of its offer, and LAACO has no information at all as to its identity. According to Karen L. Hathaway, president and managing partner of LAACO, the offer is one of a recent flurry of offers ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: LAACO, Ltd. Announces Lease and Purchase-Option Agreement ...

  
  PR Newswire; 
  April 7, 2000 ;  
  
  
 
  533 words
... ... ANGELES, Feb. 23 /PRNewswire/ -- LAACO, Ltd. announced today that it ... Nevada and Southern California. LAACO has additionally obtained an option ... 52 million. Karen Hathaway, Managing Partner of LAACO, said, "These storage facilities ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: LAACO REDEEMS INTEREST IN DRS LTD. PARTNERSHIP

  
  PR Newswire; 
  November 22, 1993 ;  
  
  
 
  700+ words
... ... LOS ANGELES, Nov. 22 /PRNewswire/ -- LAACO Ltd. announced today that is has redeemed ... transaction closed on Nov. 19, 1993. LAACO's exit from the DRS partnership will ... project. As a result of this transaction, LAACO holds a promissory note from DRS in the ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: LAACO ANNOUNCES VERDICT IN DISPUTE WITH RAPID TRANSIT ...

  
  PR Newswire; 
  December 15, 1992 ;  
  
  
 
  514 words
... ... ANGELES, Dec. 15 /PRNewswire/ -- LAACO Ltd. announced today that a Los Angeles ... Club and its adjacent properties. Both LAACO and the SCRTD have a right to appeal the decision through Feb. 12, 1993. LAACO is evaluating the award and no decision ... 







   
 

























 



 





 






Newsweek
Harper's Magazine
The Washington Post
Chicago Tribune
Crain's Chicago Business
PRNewswire
Pediatric News
The Nation
Advertising Age
The Economist (US)
A FREE trial gives you access to over 80 million articles!
Access over 6,500 publications with a FREE trial!


  



Find articles, research, and archives