An investor group, including members of management, took the company private in 1980.
It said the offer came from a key investor group.
P. Young, to a private investor group for $48 million.
An additional $135 million is coming from the investor group.
In 1987, he sold half the company to another investor group for $75 million.
An additional $1.5 million is to come from a private investor group.
The family sold the company to two investor groups in 1989, and it has changed hands several times since.
A small investor group is seeking control of the company.
One other investor group had made an offer and another was considering doing so.
A private investor group has agreed to pay about $48 million for the unit.
