Dallas Business Journal articles from May 1990

Dallas Business Journal archives from May 1990

Buyers plan billion-dollar bank. (Ronald Welborn, Provident Bank)
May 28, 1990... Buyers plan billion-dollar bank Fort Worth investor Ronald Welborn is negotiating to acquire Dallas-based Provident Bank in the first step towards buying 20 to 30 other area banks and merging them into a $1 billion North Texas financial...

Embassy Suites to build $25M hotel in Irving. (Irving, Texas)
May 28, 1990... Embassy Suites to build $25M hotel in Irving Expansion-minded Embassy Suites plans to start building a $25 million, 265-room hotel in Las Colinas this summer that will join the ranks of the biggest all-suite hotels in the Metroplex. ...

Arco studies plan to lease HQ building. (Arco Oil and Gas Co., headquarters building)
May 28, 1990... Arco studies plan to lease HQ building Arco Oil and Gas Co. is considering ways to open up as much as 350,000 square feet of prime office space in its Bryan Street building for lease to outside tenants - a move some analysts believe could...

Hallwood rumpus rages on, but it's a flop on Wall Street. (Hallwood Energy Partners L.P.) (The Stockyard)
May 28, 1990... Hallwood rumpus rages on, but it's a flop on Wall Street In the days of flamboyant Dallas oilman Bill Saxon, a complex labyrinth of partnership mergers that boosted his company's reserves six-fold would have been trumpeted throughout the...

DART renews advertising push. (Dallas Area Rapid Transit to select advertising agency-of-record)
May 28, 1990... DART renews advertising push With ground breaking for Dallas Area Rapid Transit's Light Rail System just around the corner, DART is renewing its advertising efforts. Later this week the transit authority is expected to name an...

Murchisons pay $1.5M to resolve Tony Roma's dispute. (Clint Murchison, III, Burke Murchison, Coke Anne Saunders, Robert Murchison, Tony Roma's restaurants)
May 28, 1990... Murchisons pay $1.5M to resolve Tony Roma's dispute After months of legal wrangling, the trustee handling the Clint Murchison Jr. bankruptcy and Murchison's four children have reached a settlement that will leave the Tony Roma's restaurant...

Landmark to sell two banks to settle debt. (Landmark Financial Group Inc., Mercantile Bank of Fort Worth, Landmark Bank Mid-Cities)
May 28, 1990... Landmark to sell two banks to settle debt Fort Worth-based Landmark Financial Group Inc. is peddling two of its four banks as part of an agreement to restructure a $6.4 million debt owed to Irving-based Texas Independent Bank. The move...

Hefty Southland Center price tag included many extras.
May 28, 1990... Hefty Southland Center price tag included many extras The surprisingly hefty price tag assigned to the recent sale of Southland Center, a 1959 mixed-use project considered Class B at best, carried a host of provisions that whittled the...

Dexter plans $9 million plant expansion, new joint venture.
May 28, 1990... Dexter plans $9 million plant expansion, new joint venture Dexter Corp. is planning a $9 million expansion of its Grand Prairie manufacturing site and is considering creating a locally-based international headquarters for a new joint...

South Florida, like Texas, scrutinizes FundAmerica club.
May 28, 1990... South Florida, like Texas, scrutinizes FundAmerica club FundAmerica Inc., a "discount club" that already has drawn preliminary investigations from the Texas attorney general's office and the Dallas Better Business Bureau, also is under...

Failed merger leads Charo to off-shore insurance work. (Charo Financial Services Corp., off-shore oil industry insurance)
May 28, 1990... Failed merger leads Charo to off-shore insurance work In the wake of its ill-fated marriage to Ormand Industries, Dallas-based Charo Financial Services Corp. is picking up the pieces and looking for a new niche in the insurance industry....

First Lakewood stock divvied up. (First Lakewood Bank)
May 28, 1990... First Lakewood stock divvied up Ten percent of the ownership of First Lakewood Bank is being sold to the Dallas-based bank's shareholders as part of a plan to help one of its largest shareholders get out from under debt. Shares owned...

American eyes new sites for satellite reservation centers. (American Airlines)
May 28, 1990... American eyes new sites for satellite reservation centers American Airlines may open reservation centers in San Antonio and Miami to handle its newly acquired Latin American routes. "We are looking at the possibility of establishing a...

Lawsuit claims EMS lied over $2.5M loan. (EMS Systems Ltd.)
May 28, 1990... Lawsuit claims EMS lied over a $2.5M loan Subsidiaries of a Kansas investment company have sued EMS Systems Ltd., saying in a bitterly contested lawsuit that the Carrollton-based computer parts maker lied to it when the companies were...

Search claims firm inflated drilling costs. (Sonat Inc.)
May 28, 1990... Search claims firm inflated drilling costs Dallas-based Search Exploration Inc. is suing a Sonat Inc. subsidiary for $100 million in a dispute over drilling costs. Search filed the suit May 16 in state district court claiming Marshall...

Nissan Acceptance ponders build-to-suit in Las Colinas. (Las Colinas, Texas) (Ral Estate Report)
May 28, 1990... Nissan Acceptance ponders build-to-suit in Las Colinas Nissan Acceptance Corp. might be on the verge of adding another entry in the list of build-to-suits planned for the area. Architecture sources say the company will be in town next week...

Footaction USA buys Charlotte sporting stores. (Charlotte, North Carolina, Mr. Sports)
May 28, 1990... Footaction USA buys Charlotte sporting stores Footaction USA, the Dallas-based operator of 114 athletic and sporting goods stores, has purchased the eight-store Mr. Sport sporting goods chain. Based in Charlotte, N.C., Mr. Sport's...

Pay phones pay. (PubliCall Co.) (company profile)
May 28, 1990... Pay phones pay The phones start ringing for Hank Dow and Mike Power every morning at 4 o'clock. But the calls hardly are considered a nuisance. To the contrary, they serve as a business lifeline. That's because the calls aren't coming...

AT&T to reduce long distance rates.
May 28, 1990... AT&T to reduce long distance rates American Telephone and Telegraph plans to lower prices approximately $160 million annually for interstate and international long-distance services effective July 1. According to a recent filing with...

Economist adds up impact of Intellicall plant on Valley area. (Ray Perryman, Intellicall, Rio Grande Valley, Texas)
May 28, 1990... Economist adds up impact of Intellical plant on Valley area Dallas-based Intellicall will be giving the Rio Grande Valley a much-needed economic shot in the arm with its new manufacturing facility, according to a Baylor University...

HDR Inc. (names Francis Jelensperger as chief operating officer)
May 28, 1990... Francis Jelensperger ENGINEERING Francis Jelensperger was named chief operating officer of HDR Inc.

American Medical Electronics Inc. (elects Arthur W. Schwalm chairman of board of directors)
May 28, 1990... American Medical Electronics Inc. HEALTH CARE American Medical Electronics Inc. elected Arthur W. Schwalm chairman of the board.

Quick Delivery Airline Tickets. (names Daniel T. Owens to board of directors)
May 28, 1990... (Quick Delivery Airline Tickets). HIGH TECHNOLOGY Daniel T. Owen, a private investor and former president of Spectradyne International Inc., was elected to the board of directors of QDAT Inc. (Quick Delivery Airline Tickets).

International Telecharge Inc. (names Allan L. Rayfield chairman, CEO)
May 28, 1990... International Telecharge Inc. TELECOMMUNICATIONS International Telecharge Inc. named former GTE executive Allan L. Rayfield chairman and chief executive officer. Alan Leverett was named vice president of human resources.

Louis T. Pepper. (named president of Million Air Interlink Inc., Million Air Services Inc.)
May 28, 1990... Louis T. Pepper TRANSPORTATION Louis T. Pepper was promoted to president of Million Air Interlink Inc. and Million Air Services Inc. He was senior vice president of marketing.

Discount club draws state probe. (FundAmerica Inc., Texas)
May 21, 1990... Discount club draws state probe FundAmerica draws host of recruits with promises of rebates, rewards A "discount club" touting rebates on a host of services and promising big rewards for recruiting new members has drawn the...

Lloyds' 6-year court fight ends in state seizure. (Lloyds U.S. Corp )
May 21, 1990... Lloyd's 6-year court fights ends in state seizure Donuts on a silver platter greeted State Board of Insurance workers last week as they put Dallas-based Lloyds U.S. Corp. into receivership. Few of the 30 insurance regulators who entered...

Heritage girds for onslaught of cable rivals. (Heritage Media Corp.) (company profile)
May 21, 1990... Heritage girds for onslaught of cable rivals Last month Jim Hoak, chairman of Dallas-based Heritage Media Corp., traveled to Atlanta to sit down face-to-face with a group of 11 competitors -- all, like Heritage, with substantial stakes in...

GE chooses D/FW site for national distribution center. (General Electric Co., Dallas/Fort Worth International Airport)
May 21, 1990... GE chooses D/FW site for national distribution center General Electric Corp.'s lighting division is planning to set up a 250,000-square-foot national distribution center at the Dallas/Fort Worth International Airport. The...

Homart selling office buildings. (Preston Parks Plaza, Xerox Centre)
May 21, 1990... Homart selling office buildings A newly formed real estate investment trust, a joint venture between Homart Development Co. and The Yarmouth Group, will acquire two Dallas-area office buildings in a portfolio sale to the REIT from Homart....

S&L crisis pushes Texas Lawyers into red. (savings and loan associations, Texas Lawyers Insurance Exchange)
May 21, 1990... S&L crisis pushes Texas Lawyers into red The financial fallout from the S&L crisis has hit Texas Lawyers Insurance Exchange, the state's largest legal malpractice insurance carrier. Austin-based Texas Lawyers, wracked in the late 1980s...

IMCOA plans $40M expansion. (Insulation Materials Corp. of America)
May 21, 1990... IMCOA plans $40M expansion Insulation Materials Corp. of America is planning a $40 million expansion program at its Haltom City plant to be completed over the next five to seven year.s The six-phase expansion will create new corporate...

Tigon Corp. launches $6 million, 10-city expansion plan.
May 21, 1990... Tigon Corp. launches $6 million, 10-city expansion plan Tigon Corp. of Dallas, a provider of voice-messaging services, plans to enter 10 more cities by the end of the year as part of a $6 million expansion program. The...

'Park Cities' chairman to try a buyout. (Park Cities People, newspaper, Tom McCartin)
May 21, 1990... Park Cities chairman to try a buyout The chairman of Park Cities People says he is attempting to raise $1.5 million to buy out the venture capital group believed to hold a majority interest in the Dallas weekly. Tom McCartin, former...

Six months after opening, Zale Lipshy Hospital loses CEO. (Zale Lipshy University Hospital, Ronald F. Garvey)
May 21, 1990... Six months after opening, Zale Lipshy Hospital loses CEO Ronald F. Garvey, M.D., is stepping down as president and chief executive officer of Zale Lipshy University Hospital just six months after the hospital opened. His resignation...

Cash-heavy Belo emerges from trial eyeing buyouts. (A.H. Belo Corp.) (The Stock Yard)
May 21, 1990... Cash-heavy Belo emerges from trial eyeing buyouts After living with austerity measures less than two years ago, the brass at A.H. Belo Corp. may only have dreamed that things would brighten so quickly for the $417 million media concern: A...

Credit union eyes super collider staff. (Argonne Credit Union opens DeSoto, Texas office)
May 21, 1990... Credit union eyes super collider staff An Argonne, Ill. credit union specializing in serving high technology research workers opened an office in DeSoto last month to serve workers on the Superconducting Super Collider. The Argonne...

Takeover group mounting bid for BSN president's stock. (Pelham Group, Michael Blumenfeld)
May 21, 1990... Takeover group mounting bid for BSN president's stock The Houston-based Pelham Group has made initial overtures to BSN Corp. president Michael Blumenfeld about purchasing Blumenfeld's 580,000 shares of BSN common stock, according to a...

Chili's scouting area for new Romano's sites. (Romano's Macaroni Grill, Dallas Metroplex area)
May 21, 1990... Chili's scouting area for new Romano's sites Dallas-based Chili's Inc. has broken ground on its first Metroplex Romano's Macaroni Grill. Located on Belt Line Road in Addison, the 7,000-square-foot restaurant is scheduled for an October...

Regulators order insurance company to halt operations. (Euro-American Insurance Co. Ltd.)
May 21, 1990... Regulators order insurance company to halt operations Euro-American Insurance Co. Ltd., an offshore insurer operating in Dallas, has been ordered by state regulators to stop operating in Texas without a state license. Euro-American,...

Sports daily trims and delays its expansion plans for Dallas. (The National, newspaper)
May 21, 1990... Sports daily trims and delays its expansion plans for Dallas Executives at The National say they have finalized a deal to have the local edition of their sports daily printed by the Dallas Times Herald, though the paper's debut here will...

Affordable-software guru returns with new company, program. (Jose Hurtado, M-USA Business Systems Inc.) (company profile)
May 21, 1990... Affordable-software guru returns with new company, program When Jose Hurtado sold off his interest in Dac Software Inc. in 1987, he thought he was finished with the software development business. The company had been built from scratch into...

Bozell Inc. (wins J.C. Penney Television Shopping Channel Inc. account)
May 21, 1990... Bozell Inc. beats out Ayer/Dallas for the estimated $1 million-plus JCPenney Television Shopping Channel Inc. account. Ayer has the majority of Penney's advertising and opened an office here specifically to service the company when it...

Westward Communications. (acquires The Villager, newspaper)
May 21, 1990... Westward Communications, the brainchild of former Dallas Times Herald editors Will Jarrett and Ken Johnson, has added The Villager to its portfolio. The Dallas-based company purchased the 17,500 weekly, located in The Woodlands, north of...

Investor group takes stake in FW energy firm. (Investment L.P., Fort Worth, Wolverine Exploration Co.)
May 21, 1990... Investor group takes stake in FW energy firm A Connecticut investor group has converted its preferred holdings in Wolverine Exploration Co. to common stock, giving it a 23-percent stake in the Fort Worth energy firm. Greenwich,...

Bank chairman increases stake. (Commercial National Bank, Fred Neuman)
May 21, 1990... Bank chairman increases stake The chairman of Commercial National Bank is increasing his stake in the small Dallas bank's holding company. Fred Neuman, who also is president of the bank, filed notice with the Federal Reserve Bank of...

Character development: Don Williams proves that integrity and shrewd management can coexist. (J. McDonald Williams)
May 21, 1990... Character development Don Williams proves that integrity and shrewd management can coexist If not for the advice of a baseball coach, J. McDonald (Don) Williams might never have reached Dallas and the top of the Trammell Crow...

James B. Henderson. (Briefcase)
May 21, 1990... James B. Henderson, retired president of Shell Chemical Co. and retired executive vice president of Shell Oil Co., Houston and J. Michal Conaway, vice president and chief financial officer of National Gypsum Co., Dallas, have been elected to...

CompuCom Systems Inc. (proxy report excerpts) (company profile)
May 21, 1990... CompuCom Systems Inc. (NASDAQ: BYTE) Dallas-based CompuCom Systems Inc. is a computer-systems integrator and reseller, offering hardware, software, peripheral products and technical services to commercial and government-agency clients. It...

Sara Lee Corp. (acquires Henson-Kickernick Inc.)
May 21, 1990... Sara Lee Corp. acquired Henson Kickernick, a manufacturer of ladies' stretch panties and daywear. Henson will join Sara Lee as part of its Foundations/Accessories Group. The deal is effective July 1.

Enserch Corp. (Dividend)
May 21, 1990... PUBLIC COMPANIES DIVIDENDS Company Dividend Pay Date Record Date Enserch Corp. $.20 June 4 May 18 EARNINGS ...

American Realty Trust Inc. (Earnings)
May 21, 1990... PUBLIC COMPANIES DIVIDENDS Company Dividend Pay Date Record Date Enserch Corp. $.20 June 4 May 18 EARNINGS ...

Hogan Systems Inc. (Earnings)
May 21, 1990... PUBLIC COMPANIES DIVIDENDS Company Dividend Pay Date Record Date Enserch Corp. $.20 June 4 May 18 EARNINGS ...

A.H. Belo Corp. (Stock moves)
May 21, 1990... A.H. Belo Corp. declared a quarterly cash dividend of 11 cents for each outstanding share of Series A stock and Series B stock, to be paid June 8.

Frozen Food Express Industries Inc. (Stock moves)
May 21, 1990... Frozen Food Express Industries Inc. declared a regular quarterly cash dividend of 5 cents a share, payable May 31.

American puts D/FW terminal plans on shelf. (American Airlines, Dallas/Fort Worth International Airport)
May 14, 1990... American puts D/FW terminal plans of shelf American has shelved its plans for a $1 billion west-side terminal at the Dallas/Fort Worth International Airport and has reassigned the task force assembled to study the project, the Dallas...

Trammell Crow maps new corporate path. (company profile)
May 14, 1990... Trammell Crow maps new corporate path The Trammell Crow Co. is betting its future on a massive restructuring aimed at centralizing ownership of its vast, troubled real estate empire - a "fundamental shift" likely to leave the world's...

Fire sale at Stonebridge Ranch.
May 14, 1990... Fire sale at Stonebridge Ranch When 30,000 people the 1988 grand operating of Stonebridge Ranch in McKinney, they saw a community replete with the kind of amenities that typically display a gilded price tag. Little did they know that...

TI prepares to shrink its giant defense group. (Texas Instruments Inc. Defense Systems and Electronics Group)
May 14, 1990... TI prepares to shrink its giant defense group Early last month, an unwelcome new department opened its doors inside Texas Instruments Inc.'s Park central office towers. The technology giant set up a corporate outplacement center of the...

SEC claims oil firm operated 'risk-free' scam. (United States. Securities and Exchange Commission, Apollo Oil and Gas Management Inc.)
May 14, 1990... SEC claims oil firm operated `risk-free' scam When Apollo Oil & Gas Management Inc. began promoting drilling deals from its Dallas headquarters in 1985, the firm offered "risk-free" investment indemnified by an insurance policy. The...

DSC registers common stock. (DSC Communications Corp.)
May 14, 1990... DSC registers common stock DSC Communications Corp. of Plano has registered more than 700,000 shares of common stock with the Securities and Exchange Commission, most of it relating to the March acquisition of Richardson-based Integrated...

Kuppenheimer readies 15-store invasion of Metroplex. (Kuppenheimer Men's Clothiers, Dallas-Fort Worth area)
May 14, 1990... Kuppenheimer readies 15-store invasion of Metroplex Norcross, Ga.-based Kuppenheimer Men's Clothiers will bring a familiar name to Dallas when it opens the first two of a planned 15 Metroplex stores this month. Company plans call for...

Copiers and Inwood unite as $9M firm. (Copiers Etcetera, Inwood Business Machines, Inwood Business Systems Inc.)
May 14, 1990... Copiers and Inwood unite as $9M firm In a continuation of the consolidation in the Dallas office products market, Copiers Etcetera and Inwood Business machines have merged to form Inwood Business Systems Inc. With sales of nearly $9...

Lexington expansion crippled by legal battle. (Lexington Management Corp.)
May 14, 1990... Lexington expansion crippled by legal battle Along State Highway 114, in the Walnut Hill Business Park in Las Colinas, sits a piece of land for Lexington Hotel Suite where nary a spade of dirt has been turned, and likely won't be for some...

Soft Warehouse plans monthly expansion.
May 14, 1990... Soft Warehouse plans monthly expansion Soft Warehouse, a Dallas-based computer product seller, last week said it is launching a nationwide expansion in which it hopes to open a new store each month for the next 18 months. The...

Investment group files shelf statement to sell Republic notes. (PAH, Republic Health Corp.)
May 14, 1990... Investment group files shelf statement to sell Republic notes Fresh from its recent emergence from Chapter 11 bankruptcy protection, Dallas-based Republic Health Corp. has filed registration documents with the Securities and Exchange...

Employee leasing firm moves to FW. (Advantage Corporate Services Inc., Fort Worth, Texas)
May 14, 1990... Employee leasing firm moves to FW Advantage Corporate Services Inc., an employee leasing company, this week will move its corporate headquarters to Fort Worth from Cleburne. The company, which employs about 12, expects to double in...

Pansonic's parent to tab Denton or Fort Worth for new regional hub. (Matsushita Electronics Corp., Texas) (Real Estate Report)
May 14, 1990... Panasonic's parent to tab Denton or Fort Worth for new regional hub Matsushita Inc., the Japanese company that's twisted Metroplex tongues since it began poking around the area for a regional-operations site, plans to choose one before...

One of the Big D's big ad agencies may elope with San Antonio firm. (Dallas, Thompson-Marince Advertising) (Hard Sell And Soft Soap)
May 14, 1990... One of the Big D's big ad agencies may elope with San Antonio firm Our sister paper, the San Antonio Business Journal, reports that the Alamo city's second-largest ad agency is negotiating to buy a Dallas ad shop. Thompson-Marince,...

Cox & Co. (changes name to Richards-Ingersoll)
May 14, 1990... Cox & co. New names, new themes Stan Richards' public relations arm now bears his name. Cox & Co. will now be known as Richards/Ingersoll, for Richards and principal Ted Ingersoll. The name change follows the departure of Rita Cox, who...

Taking a tumble: local insurance companies felt tremors of natural catastrophes. (Focus Insurance)
May 14, 1990... Taking a tumble Local insurance companies felt tremors of natural catastrophes Dallas insurance agent William Sleeper was at an industry convention last fall in Anaheim, Calif., when the earthquake struck the San Francisco area. ...

Edisto acquires Gulfstar assets. (Edisto Resources Corp., Gulfstar Petroleum Co.)
May 14, 1990... Edisto acquires Gulfstar assets Dallas-based Edisto Resources Corp. has acquired substantially all the assets of Gulfstar Petroleum Co. for about $5.6 million in cash. Edisto acquired the Houston-based partnership's interests in 13...

Mitchell & Jenkins, A Professional Corp. (announces formation)
May 14, 1990... Mitchell & Jenkins, A Professional Corp. Joe D. Mitchell, A Professional Corp. announced the formation of Mitchell & Jenkins, A Professional Corp. with the addition of Josephine Jenkins-Mitchell of counsel to the firm. In addition, James A....

Holmes & Millard. (changes name to Holmes Millard and Duncan P.C.)
May 14, 1990... Holmes & Millard Holmes & Millard announced that the named of the firm has been changed to Holmes Millard & Duncan, P.C. Fred L. Miller has become a shareholder and director of the firm. M. Bradley Begin has become associated with the firm.

Louis T.Pepper. (named president of Million Air Interlink Inc., Million Air Services Inc.)
May 14, 1990... Louis T. Pepper Louis T. Pepper has been named president of Million Air Interlink Inc. and Million Air Services Inc. Most recently, he served as senior vice president of marketing.

Kimberly-Clark Corp. (no full text - tables only) (Taking Stock) (company profile)
May 14, 1990... Kimberly-Clark Corp. (NYSE:KMB) Dallas-based Kimberly-Clark Corp. manufactures and markets worldwide personal, business and industrial products, including disposable diapers, tissues, newsprint and other paper products, and commercial air...

Arrow-Magnolia International Inc. (acquires Chemco Chemical Co.)
May 14, 1990... Arrow-Magnolia International Inc. Arrow-Magnolia International Inc., Dallas, has completed its acquisition of Chemco Chemical Co. All of the assets of Chemco were purchased, the consideration being cash, assumption of debt, and stock.

Singleton Creative Group. (gets Brenda Schoenfeld Co. advertising contract)
May 14, 1990... Spindletop Dallas-based commercial production company Spindletop just completed a 30-second television spot for U.S. Creative, Austin, and the company's client, national food chain Schlotzsky's.

Irvine Hilton & Towers. (signs Pair Gugel Rotem advertising contract)
May 14, 1990... The Irvine Hilton & Towers The Irvine Hilton & Towers has tapped Pair Gugel Rotem of Dallas to create and produce a series of collateral and direct mail pieces and to develop a complete media plan.

Star Data Inc. (opens Star System 2000 software marketing campaign)
May 14, 1990... Star Data Inc. Star Date Inc., a software development and marketing firm specializing in fast food home delivery systems, has announced plans for a national marketing effort centered on its Star System 2000 software product. The marketing...

Edisto Resources Corp. (completes South Texas Austin Chalk Field well)
May 14, 1990... Edisto Resources Corp. Edisto Resources Corp. drilled and completed its first horizontal well in South Texas' Austin Chalk Field. The Steubing No. 1, Dimmit County, was drilled to a vertical depth of 5,957 feet with a horizontal...

Texas Industries Inc. (starts Chaparral Steel Co.'s large section mill)
May 14, 1990... Texas Industries Inc. Texas Industries Inc. started construction on Chaparral Steel Co.'s Large Section Mill, expanding the existing product range up to 24 inch wide flange beams.

Baruch-Foster Corp. (to use Rotan Mosle Inc. for mergers, disvestments)
May 14, 1990... Baruch-Foster Corp. Dallas-based Baruch-Foster Corp. hired Rotan Mosle Inc. to assist and advise the company regarding a merger or sale of the company's assets or other alternatives which might be available to the company.

American Airlines. (acquisition of Eastern Airlines' Central and South American route network approved by Department of Transportation)
May 14, 1990... American Airlines The Department of Transportation approved the American Airlines acquisition of Eastern Airlines' Central and South American route network.