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Article: Milken trust to buy into radio, food companies. (Archon Capital Partners L.P. to invest in Premiere Radio Inc. and Koo Koo Roo Inc.)
- Article from:
- Los Angeles Business Journal
- Article date:
- September 26, 1994
- Author:
CopyrightCOPYRIGHT 1994 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)
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Deposed junk bond king Michael Milken, operating through a family trust, is set to inject major capital into two Southland public companies -- chicken-seller Koo Koo Roo Inc. and radio program syndicator Premiere Radio Inc. -- according to public documents and interviews with local investors and executives.
The Milken trust will end up owning a majority stake in the fast-food chain and possibly 40 percent of the radio syndicator, if all goes according to plan.
The trust, set up for the benefit of Michael Milken and brother Lowell Milken's children, is administered by lawyer Richard Sandler, a lifelong friend of the Milken family and Milken's attorney since ...