[ noun ] British inventor and metallurgist who developed the Bessemer process (1813-1898) <noun.person>
Bessemer and Cilluffo recently increased their stake in Intermedics to about 25.1% of Intermedics's 17 million common shares outstanding.
The Bessemer filing said Mr. Fink reiterated the company's position that it remain independent.
Bessemer Securities is based in New York.
In their filing, Cilluffo and Bessemer Securities said they "have authorized Salomon to have discussions" with Mrs. Fink, Mr. Scherer "and their respective representatives to explore available alternatives."
Bessemer is a New York-based, closely held investment holding company that is active in real estate, venture capital and management buy-outs.
Bessemer now owns about 17% of Omni.
Mr. Nabi of Bessemer Trust said, "My only concern is that (Irving executives) refuse to talk to Bank of New York.
The days of the Bessemer process and detachable collar are gone, but the Troy area is again at the leading edge of new ideas, he said.
Bradford Mills, a managing partner of Bradford Associates, an investment arm of Bessemer, was named an Omni director, raising board membership to eight.
A spokesman for Bessemer Securities declined to elaborate on the filing regarding Intermedics.
Mr Trott says that expectations in Japan and Germany for the next five years are just too high. Bessemer was founded in 1906 by Mr Henry Phipps, one of Andrew Carnegie's partners in the development of the US steel industry, to manage Phipps family money.
Bessemer, which owns 4.8% of Irving, said the revision brings the terms into balance with the diminished value of both banks' stocks since the Oct. 19 crash.