Word: bendix
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Flom represented Allied Corp., which came to Bendix's defense after former Chairman William Agee's attempt to take over Martin Marietta failed and Martin Marietta counterattacked by buying Bendix stock. Allied bought Bendix stock so Martin Marietta could not buy enough to gain control. That made Allied a white knight...
...example, in September 1982, shortly after he learned that Allied planned to try to take over Bendix Corp., Thayer allegedly contacted Ryno and Harris. On Sept. 22, Ryno bought 4,000 shares of Bendix at roughly $60 a share; five days later, after Allied's tender offer had been made public, she sold it at about $73 a share, netting a profit of $51,000. U.S. securities law only penalizes tipsters who "benefit" from passing inside information, and the SEC does not claim that Thayer profited financially from his inside information. The commission will charge, instead, that Thayer benefited...
Mary Cunningham is co-owner, with her husband William Agee, of Semper Enterprises Inc., a venture capital and consulting firm. She formed many of her opinions about the press three years ago after reading numerous stories about her relationship with Agee, then her boss at Bendix Corp...
...reason she quit, said Cunningham, 32, was to devote herself full time to Semper Corp., the venture-capital firm that she co-founded with former Bendix Chairman William Agee, 45, in June 1982, the same month the two were married. She said her job at Seagram, developing a strategic plan for its wine business, culminated last month with Seagram's announcement of plans to buy Coca-Cola's Wine Spectrum division for about $200 million. But Cunningham's efforts to take partial credit for the purchase were met with skepticism from some industry observers. Moreover, Seagram Chairman...
Cunningham announced her departure only a few weeks after returning from an unpaid summer sabbatical during which she wrote her memoirs of the turbulent past four years. The book, due in May, will provide her account of the Bendix-Martin Marietta-United Technologies-Allied takeover wrangle. Cunningham wrote the book at the home she shares with Agee, a $1.9 million turn-of-the-century house in Cape Cod's Oyster Harbors. There they have built an office, complete with a partners' desk, from which they will run Semper...