Sir James Goldsmith
Strategic Concepts & Mechanics
Primary Evidence
"T. Boone Pickens, Carl Icahn, Irwin Jacobs, Sir James Goldsmith, Oscar Wyatt, Saul Steinberg, Ivan Boesky, Carl Lindner, the Belzbergs—and lesser lights about to shine, such as Nelson Peltz, Ronald Perelman, William Farley."
"Drexel clients—in addition to Triangle Industries—would make bids for companies, all backed by Milken’s junk bonds. Mesa Petroleum, with a net worth of $ 500 million, would go for Unocal. Lorimar, with a net worth of $ 105 million, would offer $ 1 billion for Multimedia. Sir James Goldsmith would make a bid for Crown Zellerbach Corporation for $ 1.1 billion. Golden Nugget, with a net worth of $ 230 million, would go for Hilton Hotels for about $ 1.8 billion. And Farley Industries, with earnings of $ 6 million, would go for Northwest Industries, for about $ 1.4 billion. Other bids would take longer to germinate—but they would turn out to be the most fruitful of all."
"T. Boone Pickens, Carl Icahn, Irwin Jacobs, Sir James Goldsmith, Oscar Wyatt, Saul Steinberg, Ivan Boesky, Carl Lindner, the Belzbergs—and lesser lights about to shine, such as Nelson Peltz, Ronald Perelman, William Farley."
"Drexel clients—in addition to Triangle Industries—would make bids for companies, all backed by Milken’s junk bonds. Mesa Petroleum, with a net worth of $500 million, would go for Unocal. Lorimar, with a net worth of $105 million, would offer $1 billion for Multimedia. Sir James Goldsmith would make a bid for Crown Zellerbach Corporation for $1.1 billion. Golden Nugget, with a net worth of $230 million, would go for Hilton Hotels for about $1.8 billion. And Farley Industries, with earnings of $6 million, would go for Northwest Industries, for about $1.4 billion. Other bids would take longer to germinate—but they would turn out to be the most fruitful of all."
"In the second half of 1986, American Barrick, a newcomer that had existed for less than four years, took a run at the mighty Britishbased Consolidated Goldfields, a company that had been founded by Cecil Rhodes in the previous century and that was a member of the Financial Times 100 index. With a market capitalization of more than £2 billion, compared with American Barrick’s puny couple of hundred million dollars, Consgold was startled, to say the least, at the Canadian company’s chutzpah. Munk built a position of 4.9 percent of Consgold with purchases on the open market, but failed to consummate the takeover when the stock price took off in response to his initiative. The gutsy move, however, paid off in the long run. Not only did Barrick end up with a profit of $9.4 million when it sold its position, but the takeover bid attracted the attention of some of the biggest stock-market players in the world—people like the Oppenheimer family and Sir James Goldsmith, who became part of Munk’s network and led him to great opportunities later on."