Teledyne, Inc. of Los Angeles has grown into a $400 million-a-year technological complex in only seven years by thinking big and moving fast. Founder-Chairman Henry E. Singleton, 50, who keeps a blackboard in his office for rapid-fire chalk talks on the intricacies of his company, obviously believes that those with whom Teledyne deals should move fast too. Earlier this month, Teledyne offered $40 a share for 7,500,000 outstanding shares of United Insurance Co. of America (assets: $303 million). United stock was then selling at $27. Last week, apparently because directors of the Chicago-based life, health and accident company were...
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