Maxxam Group has agreed to sell the...
Maxxam Group has agreed to sell the cutting and welding products operations of a wholly owned subsidiary to a new corporation formed by an investment group consisting of Hicks & Haas, Donaldson, Lufkin, Jenrette and James N. Mills. Under the terms of the agreement, Los Angeles-based Maxxam would realize about $320 million from the sale, of which about $149 million would be used to repay bank debt.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
