Gencorp accused two Texas investors of making a misleading takeover offer with the intent of starting a bidding war.

In 1985, backed by some Texas investors, Mr. Wood bought the company.

A spokesman for Mr. Bass said the Texas investor had a policy of not discussing business with the news media.

Formed in 1957, its mission is to protect Texas investors.

T. Boone Pickens, the Texas investor, controls an almost identical position.

Most recently, in February 1986, the Texas investor bid $24 a share, or $216 million, but withdrew the offer after the company rejected it as inadequate.

"The result was that over 22,000 Texas investors were victims of widespread sales-practice abuses."

It was originally brought by a group of Texas investors against their brokerage house.

That year, the company was purchased by a group of Texas investors who wanted to build upon Schecter's reputation for quality.

For $250 more, golfers can enter a tournament at a gated community financed by Texas investors.