Word: irving
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Dates: during 1980-1989
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...Brooklyn-born Kahane currently spends most of his time in Israel, where he is an elected member of the Knesset and head of the ultra-right Kach Party. Last week Kahane announced that he was resigning from the league, which he founded in 1968. As his successor he named Irv Rubin, 40, the J.D.L.'s West Coast coordinator...
...Irv the Liquidator. Irwin Jacobs, 43, has trained his takeover artillery on such corporate giants as ITT, Pabst Brewing, Kaiser Steel and Disney Productions. He was in an earlier phase of the Phillips battle but sold his 4.6 million shares for a sizable profit shortly before last week's voting...
...joint venture with the Pohlad family of Minneapolis to buy nearly $300 million worth of property and uncollected bills from bankrupt retailer W.T. Grant for the fire-sale price of $44 million. Says he: "That was the mother lode that got it all going." It earned him the nickname Irv the Liquidator...
...particular, is under attack by Irwin Jacobs, a Minneapolis investor whose threats to take over companies and then dismantle them have earned him the nickname "Irv the Liquidator." Jacobs has bought an estimated 2% of ITT's stock and wants to break up the company. The stock now sells for only about $32 per share, and analysts estimate that stockholders could get up to $60 per share if all the parts of ITT were sold separately. Says Jacobs: "ITT's management has created such a monster of overhead in its operations that something's got to happen...
...short. Two weeks ago, Minneapolis Investor Irwin Jacobs snapped up more than 3 million of ITT's 139 million outstanding shares. No one knows whether Jacobs has a power grab in mind, but his usual prescription for laggard companies like ITT is clearly spelled out in his nickname: "Irv the Liquidator...