June 24, 2003 |
The consolidation of the biotechnology industry accelerated Monday when Idec Pharmaceuticals Corp. of San Diego agreed to buy Biogen Inc. for $6.4 billion in stock. Wall Street gave the proposed deal a chilly reception, with both companies' shares tumbling 5%. Some analysts wondered whether Idec, known for cancer drugs, and Biogen, with a popular multiple sclerosis drug, would make a good match.
June 6, 2006 |
Brookfield Properties Corp., owner of the World Financial Center in Lower Manhattan, and buyout firm Blackstone Group agreed to acquire Trizec Properties Inc. for $4.8 billion plus the assumption of $4.1 billion in debt, the second-largest takeover of a real estate investment trust. Trizec, whose chairman is Canadian real estate mogul Peter Munk, would almost triple Toronto-based Brookfield's U.S.
October 6, 2007 |
In the end, history's largest banking takeover is coming down to -- what else? -- money. A consortium of three banks led by Royal Bank of Scotland is all but certain to win the battle to buy ABN Amro Holding in a deal worth about $100 billion. ABN Amro's rival suitor, Barclays, bowed out Friday, acknowledging that only a tiny fraction of shareholders had tendered their shares to its offer, which was worth about 11% less.
July 3, 2004 |
Aiming to strengthen its presence in the growing Southern California market, UnionBanCal Corp., the parent of Union Bank of California, announced plans Friday to acquire Brea-based Jackson Federal Bank for $305 million. Jackson Federal, with $1.9 billion in assets, has 14 branches in Los Angeles, Orange and San Bernardino counties, including L.A., Glendale, Santa Monica and Fullerton.
October 8, 1987 |
The Los Angeles-based maker of Skippy dog food and Petuna cat food said Wednesday that it has agreed to sell its pet food business to foods giant H. J. Heinz for an undisclosed sum. California Home Brands Holdings, a privately held firm based in Terminal Island, said the sale would include pet food plants in Long Beach, Wilmington, San Leandro and Etiwanda, Calif., and Camp Hill, Pa. The plants employ about 550 people.
September 18, 2007 |
Two Rodeo, a well-known Beverly Hills shopping center that houses some of the world's biggest names in luxury goods, has been bought by Irish investors for $275 million. Sloane Capital's purchase of the complex at Rodeo Drive and Wilshire Boulevard demonstrates how choice real estate is still in demand even though the recent credit crunch related to sub-prime home loans is sending jitters through the financial and residential real estate markets. Tiffany & Co.