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Acquisitions

BUSINESS
February 5, 1999 | Bloomberg News
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.
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BUSINESS
September 24, 2002 | A Times Staff Writer
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.
BUSINESS
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.
BUSINESS
March 19, 1997 | (Dow Jones)
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."
BUSINESS
August 21, 1998 | Dow Jones
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.
BUSINESS
December 2, 2000 | Bloomberg News
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.
BUSINESS
July 26, 1996
Core Inc. said it has terminated its agreement to acquire eight California health clinics operated by AmHealth Inc. for up to $16 million. Core, a provider of benefits management services, gave no reason for the decision. Core said its preliminary estimates indicate the termination will result in a onetime charge to earnings of from $1.5 million to $2 million during the third quarter. Core posted net income of $397,000, or 6 cents a share, for the third quarter last year on revenue of $5.
BUSINESS
August 27, 1996 | LESLIE HELM
WorldCom Inc. has become a major player in the telecommunications business by acquiring more than 40 companies since it was founded in 1983. The following are some highlights: * December 1992: WorldCom Chief Executive Bernard Ebbers engineers the acquisition of Advanced Telecommunications Corp. for $720 million, attracting attention as an aggressive new entrant in a long-distance phone business populated by a few giant companies and hundreds of bit players.
BUSINESS
May 24, 1996
Flagstar Cos. Inc. has completed its previously announced, $300-million acquisition of the Coco's and Carrows restaurant chains from Irvine-based Family Restaurants Inc., the companies said Thursday. The acquisition of the 330 Coco's and Carrows locations boosted Flagstar's total number of restaurants to more than 2,900 nationwide. The Spartanburg, S.C., company, which also owns the Denny's and El Pollo Loco chains, has more than 300,000 employees and nearly $3 billion in yearly revenue.
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