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American Mobile Systems Inc

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BUSINESS
October 2, 1990
American Mobile Systems Inc., a Woodland Hills operator of mobile radio systems, said its vice chairman, Richard G. Somers, purchased 500,000 shares of the company's treasury stock for $1.06 million. Treasury stock is non-voting stock that is held by the issuing company and is not eligible for dividends.
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BUSINESS
July 4, 1995 | JILL LEOVY, TIMES STAFF WRITER
A boom in local stocks that started earlier this year subsided in the second quarter as fears took hold that economic recovery is sputtering. The composite index of 105 companies in the San Fernando, Santa Clarita and Conejo valleys and Ventura County climbed a modest 7% in the quarter that ended June 30, according to Media General Financial Services, a Richmond, Ga., firm that compiles the list for The Times.
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BUSINESS
April 16, 1991
American Mobile Systems Inc., a Woodland Hills operator of mobile radio systems, said it has received $12 million in financing from a Finnish banking corporation. The financing, from Kansailis-Osake-Pankki, is a two-year revolving credit line that will convert to a six-year term loan in two years. The loan will be used to refinance existing American Mobile debt and for working capital, the company said.
BUSINESS
May 2, 1995
American Mobile Systems Inc., a Woodland Hills company that provides mobile radio services in Florida, agreed last week to be acquired by wireless communications giant Nextel Communications Inc. in a stock deal valued at about $65 million. Nextel, based in New Rutherford, N.J., already owns about 10% of American Mobile's shares.
BUSINESS
September 21, 1993
American Mobile Systems Inc., a Woodland Hills operator of mobile radio systems, said the Federal Communications Commission approved New Jersey-based Nextel Communications' plan to buy a majority stake in American Mobile for at least $50 million. Under a previously announced agreement between the two companies, Nextel can acquire as much as 61% of American Mobile's common stock at $7 per share. Nextel was formerly Fleet Call Inc.
BUSINESS
December 15, 1992
American Mobile Systems Inc., a Woodland Hills provider of mobile radio communications, said it filed an application with the Federal Communications Commission seeking permission to implement a wide-area digital mobile network within Florida. If the request is granted and if financing is available, the company said it plans to construct a mobile network within Florida using new equipment to enhance its portable and mobile telephone service.
BUSINESS
October 13, 1992
American Mobile Systems Inc., a struggling Woodland Hills-based provider of radio-dispatch and mobile-telephone services, said it agreed to sell most of its Philadelphia-area assets for $3.5 million in cash to Philadelphia Mobile Communications Inc. The deal, which American Mobile previously announced without disclosing the buyer, still requires approval from the Federal Communications Commission. But American Mobile expects the transaction to close within 120 days.
BUSINESS
May 2, 1995
American Mobile Systems Inc., a Woodland Hills company that provides mobile radio services in Florida, agreed last week to be acquired by wireless communications giant Nextel Communications Inc. in a stock deal valued at about $65 million. Nextel, based in New Rutherford, N.J., already owns about 10% of American Mobile's shares.
BUSINESS
May 11, 1993
American Mobile Systems Inc., a Woodland Hills operator of mobile-radio systems, said its board has decided to terminate any further talks on a merger, acquisition or other joint venture with Johnson Communications Corp. of Atlanta. Earlier in May, American Mobile also terminated similar discussions with Transit Communications Corp., also based in Atlanta. American Mobile said it was continuing to hold talks with Fleet Call Inc. in Rutherford, N.J.
BUSINESS
August 13, 1991
American Mobile Systems Inc., a Woodland Hills operator of mobile-radio systems, said it has agreed with Johnson Communications Corp. of Atlanta to acquire or manage some of Johnson's mobile-radio systems and service facilities in Florida, in the Tampa and Miami areas. In exchange, Johnson will receive systems that American Mobile owns or manages in the Atlanta and Orlando areas, plus $2.4 million in cash.
BUSINESS
September 13, 1994
American Mobile Systems Inc. in Woodland Hills said Nextel Communications Inc., a wireless communications company, has offered to purchase all the American Mobile shares it doesn't already own for about $73 million. Nextel earlier agreed to acquire up to 65% of American Mobile equity for a combination of cash and properties in Florida. It currently owns about 9% of American Mobile's shares. Under the new proposal, Rutherford, N.J.
BUSINESS
September 21, 1993
American Mobile Systems Inc., a Woodland Hills operator of mobile radio systems, said the Federal Communications Commission approved New Jersey-based Nextel Communications' plan to buy a majority stake in American Mobile for at least $50 million. Under a previously announced agreement between the two companies, Nextel can acquire as much as 61% of American Mobile's common stock at $7 per share. Nextel was formerly Fleet Call Inc.
BUSINESS
August 31, 1993
A New Jersey company has agreed to acquire a majority stake in American Mobile Systems Inc., a Woodland Hills operator of mobile radio systems, for at least $50 million, American Mobile said. Under the agreement, Nextel Communications Inc. of Rutherford, N.J., which says it is the second-largest operator of specialized mobile radio systems in the United States, will acquire at least a majority, and up to 61%, of American Mobile's common stock at $7 per share, American Mobile said.
BUSINESS
May 11, 1993
American Mobile Systems Inc., a Woodland Hills operator of mobile-radio systems, said its board has decided to terminate any further talks on a merger, acquisition or other joint venture with Johnson Communications Corp. of Atlanta. Earlier in May, American Mobile also terminated similar discussions with Transit Communications Corp., also based in Atlanta. American Mobile said it was continuing to hold talks with Fleet Call Inc. in Rutherford, N.J.
BUSINESS
April 20, 1993
A bidding contest for shares of American Mobile Systems Inc. in Woodland Hills has escalated with a new offer from Transit Communications Corp. Transit, based in Atlanta, has offered to buy at least 8.75 million newly issued shares of American Mobile in exchange for about $8.50 a share in cash and in mobile-radio properties, or a total of $76 million. Both companies provide radio-dispatch and mobile-radio services.
BUSINESS
March 30, 1993
A New Jersey company has agreed to acquire a majority interest in American Mobile Systems Inc., a struggling Woodland Hills-based provider of radio-dispatch and mobile-radio services in the Southeast, for a total of about $65 million. Fleet Call Inc. in Rutherford, N. J., said it will purchase at least 7.14 million shares of American Mobile stock for $7 per share in cash and Florida mobile radio properties, or a total of $50 million.
BUSINESS
December 17, 1991
American Mobile Systems Inc., a Woodland Hills operator of mobile-radio systems, said it has boosted its equity by $11.4 million, which it plans to use to reduce debt, build working capital and expand a mobile-radio network in Florida. The equity was raised through a $4.2-million private placement of common stock and the sale of $1 million in Treasury notes. The company also converted about $6.2 million of debt into common shares.
BUSINESS
March 2, 1993
American Mobile Systems Inc., a struggling Woodland Hills-based provider of radio-dispatch and mobile-telephone services, said it has tentatively agreed to merge with Transit Communications Corp. and JCC Holdings Inc., two privately owned mobile radio dispatch services based in Georgia. American Mobile said its shareholders would receive 41% of the stock of the combined companies. Transit Communications would receive 40%, and JCC Holdings would receive 19%, American Mobile said.
BUSINESS
December 15, 1992
American Mobile Systems Inc., a Woodland Hills provider of mobile radio communications, said it filed an application with the Federal Communications Commission seeking permission to implement a wide-area digital mobile network within Florida. If the request is granted and if financing is available, the company said it plans to construct a mobile network within Florida using new equipment to enhance its portable and mobile telephone service.
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