Advertisement

Salomon Bros. said it could own 26% of Harcourt.

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.

More to Read

Advertisement