Koppers Co. charged that an investment group...
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Koppers Co. charged that an investment group headed by British industrialist Brian C. Beazer violated court orders when it attempted to acquire shares in his $1.7-billion hostile takeover bid. Two courts have barred BNS Inc., formed by Beazer, Shearson Lehman Hutton Inc. and National Westminster Bank, from buying more shares in its $60-per-share bid for the Pittsburgh-based cement company. BNS said that as of last Friday, 13.9 million of Koppers’ common shares, or 53.4%, had been tendered.
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