Salomon Bros. said it could own 26% of Harcourt.
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In a filing with the Securities and Exchange Commission, Salomon Bros. disclosed that it could acquire the stake in Harcourt Brace Jovanovich if a lawsuit pending in Orlando, Fla., is decided in its favor. In one respect, the filing mainly was technical. Any investor who owns or stands to acquire 5% or more of a company must disclose that status with the SEC. Salomon, a leading Wall Street investment banking firm, said its Harcourt holdings were purchased mainly as an investment and it gave no indication of wanting to take over Harcourt.
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