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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Dec 14, 1976
Page
8
The report lists current 2 P.M. price movements on the New York Stock Exchange, detailing intraday shifts across listed securities and market trends for investors seeking brief price context.
A lawsuit seeks to review bidding on Irvine Company land holdings following Mobil Oil being named top bidder last Wednesday after two rivals failed to improve offers. Mrs. Joan Irvine Smith and the state attorney general argue the process may have harmed other shareholders and request a determination of whether the bidding was fair.
A bidding war unfolds after a prior hold by Mrs. Smith, Mobil makes an 8.4 dollar per share cash offer totaling 201.5 million. Cadillac Fairview and Allen Taubman join race, Taubman cites equipment failure blocking noon deadline. Mrs. Smith’s attorney cites ongoing negotiations as reason to continue.
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