October 14, 1998
First American Financial Corp., the Santa Ana title insurance and real estate services giant, said Tuesday it acquired three branches of Charter Title Corp. in Washington state. Terms weren't disclosed. The acquisition includes Charter Title offices in Kitsap County, Jefferson County and Pacific County. The branches handled underwriting for First American.
February 5, 1999 |
Infinity Broadcasting Corp., home of the Howard Stern and Don Imus radio shows, said it is aggressively seeking acquisitions, possibly including Chancellor Media Corp., soon to be the No. 1 U.S. owner of radio stations. Both Infinity and Chancellor own numerous radio stations within the top 50 markets, meaning the government would be likely to require the sale of certain stations if the two companies combine. Chancellor will own the largest number of radio stations in the U.S.
August 5, 2000 |
Consumer goods giant Unilever said second-quarter earnings rose 7% to about $695 million, on a 3% increase in sales to $9.86 billion, bolstered by the acquisitions of Ben & Jerry's ice cream and SlimFast diet foods. The Dutch company, whose many brands include Bestfoods, Lipton, Dove and Elizabeth Arden, also said it will realign management into two global divisions, one for food and one for soaps and household products.
September 24, 2002 |
Avery Dennison Corp. said it acquired two companies in a bid to expand its reach in the apparel and retail industries. The Pasadena-based maker of adhesive labels and other products said it was acquiring RVL Packaging Inc., a Westlake Village-based global provider of woven and printed labels for the apparel industry, and RVL's key printing partner, L&E Packaging, based in Greensboro, N.C. Both transactions are subject to regulatory approval.
August 16, 1996
Sunstone Hotel Investors Inc. said it has completed its acquisition of two hotels--the 165-room Comfort Suites in South San Francisco and a 151-room hotel in Price, Utah--for $15.7 million. Sunstone plans to convert the Utah property to a Holiday Inn Hotel & Suites. The two hotels were financed with proceeds from Sunstone's recent public offering. The real estate investment trust owns 20 hotels, with 2,612 rooms, in Western states.
June 20, 2000
Cherokee International LLC, expanding its European presence, said on Monday it acquired Industrial and Telecommunication Systems, which includes Mitra Power Systems, a European designer and manufacturer of power supplies for equipment manufacturers. The acquisition also includes Mitra's sister entity, Mechanical and Automation Systems of Belgium. Financial terms were not disclosed.
March 19, 1997 |
Telecommunications equipment reseller Telmar Corp. has rejected a $15.5-million buyout bid from Staruni Corp., describing the offer as "inadequate." The rejection was disclosed Tuesday by PerfectData Corp. A PerfectData subsidiary is scheduled to merge with Staruni. PerfectData said Staruni, which offered to buy Telmar for $6 million in cash and $9.5 million in stock, will continue to negotiate with Telmar and "consider a number of options."
August 21, 1998 |
Microfluidics International Corp. said it completed its acquisition of Fullerton-based Morehouse-Cowles Inc. and Epworth Manufacturing Co. of South Haven, Mich. for cash, assumption of selected liabilities, common shares and other debt. Further financial terms weren't disclosed. Microfluidics said the two companies had combined 1997 revenues of $11.7 million. The two companies will operate as separate units and their facilities will remain in their current locations. J.B.
December 2, 2000 |
Vivendi may face new difficulty in its acquisitions of Seagram Co. and Canal Plus after a representative from the French movie industry said he will ask a court to force more concessions from the company. The acquisition, which would create the world's second-largest media company, has been approved by France's audiovisual regulator, CSA. Film representatives are worried the French television broadcaster won't be able to meet its obligation to subsidize French movies.
CALIFORNIA | LOCAL
January 3, 1996
A decision by the Board of Airport Commissioners may give the Department of Airports an edge when it negotiates to buy property near the Los Angeles International Airport. The Board of Airport Commissioners voted Tuesday to give the executive director of the Department of Airports the authority to enter into preliminary discussions with jet-rattled residents and other property owners who want to sell and move out of the area.