Tejon Ranch Co. retains investment banking firm.LEBEC, Calif.--(BUSINESS WIRE)--Feb. 3, 1997--Tejon Ranch Co. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :TRC TRC Noun (in South Africa) Truth and Reconciliation Commission: a commission which encourages people who committed human rights abuses or acts of terror during the apartheid era to reveal the truth about their crimes in return for immunity from prosecution ) Monday announced that it has retained the firm of J.P. Morgan Securities Inc. to provide general corporate financial advice, including evaluating potential opportunities to expand the company's real estate developments and agricultural operations. The Times Mirror Co. Monday reported that, as a part of its overall review of its minority investments, it is considering a potential sale of all or part of its 32 percent interest in the company. J.P. Morgan will also evaluate the implications of this development for the company. Tejon President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Robert A. Stine commented, "We believe that J.P. Morgan is well positioned to advise Tejon based on its work with other large landowners." Tejon Ranch Tejon Ranch Company is the largest private landowner in California. It was incorporated in 1936 to organise the ownership of a large tract of land originally comprised of four Mexican land grants, and began ranching in the 1840's. owns the approximately 270,000-acre Tejon Ranch, 60 miles north of downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or . The company is engaged in a range of activities on the Ranch, including commercial real estate, farming, ranching, recreation, filming and mineral extraction. The company is also involved in planning for future uses of its lands. CONTACT: Tejon Ranch Co., Lebec Robert A. Stine, 805/248-6774 |
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