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Argonaut Group Inc

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BUSINESS
January 29, 1998 | Bloomberg News
Argonaut Group Inc. said it hired Credit Suisse First Boston to examine merger opportunities. The Los Angeles-based company provides workers' compensation insurance and other forms of commercial coverage. Its shares rose 11% in the last 12 months, compared with a 35% gain in the Standard & Poor's index of property and casualty insurers. Chairman Henry Singleton said Argonaut's directors decided "to explore the alternatives available to enhance shareholder value." Shares rose $3.
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BUSINESS
January 29, 1998 | Bloomberg News
Argonaut Group Inc. said it hired Credit Suisse First Boston to examine merger opportunities. The Los Angeles-based company provides workers' compensation insurance and other forms of commercial coverage. Its shares rose 11% in the last 12 months, compared with a 35% gain in the Standard & Poor's index of property and casualty insurers. Chairman Henry Singleton said Argonaut's directors decided "to explore the alternatives available to enhance shareholder value." Shares rose $3.
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BUSINESS
April 7, 1987
In an offer valued at $380.8 million, Clarendon Group Ltd., a privately held Bermuda-based firm, proposed acquiring Argonaut Group Inc. for $37 a share. Clarendon already owns about 540,000 of the 11.7 million common shares of the Los Angeles-based insurance holding company, which primarily sells and services worker's compensation insurance. The company was formed Oct. 1 as a result of a corporate spinoff by Teledyne, a Los Angeles conglomerate.
BUSINESS
April 9, 1998
* Pasadena-based EarthLink Network Inc. reported a first-quarter net loss of $6.4 million, or 56 cents per diluted share, compared with $8.4 million, or 92 cents, a year ago. * Los Angeles-based Argonaut Group Inc. reported first-quarter net income of $36.7 million, or $1.52 per diluted share, compared with $15.5 million, or 65 cents, a year ago. * Manhattan Beach-based Alexander Haagen Properties Inc.
BUSINESS
April 26, 1994
Companies ranked by profit from continuing operations as a % of sales. Rank. Company: 1993 Return % 1. United Television Inc.: 33.6 2. Magma Power: 31.7 3. Franklin Resources Inc.: 27.8 4. Amgen Inc.: 27.3 5. Imperial Credit Indus.: 27.2 6. Intel Corp.: 26.1 7. Cisco Systems: 26.0 8. Linear Technology Corp.: 25.9 9. Pyxis Corp.: 25.5 10. Mercury General Corp.: 24.1 11. Brooktree Corp.: 23.8 12. Foothill Group: 23.1 13. Argonaut Group Inc.: 20.3 14. ALZA Corp.: 19.5 15. CVB Financial: 18.7 16.
BUSINESS
April 27, 1993
Companies ranked by profit from continuing operations as a % of sales. 1992 Rank Company Return % 1 Carter Hawley Hale 38.5 2 Magma Power 33.4 3 Amgen Inc. 32.7 4 ALZA Corp. 31.5 5 Franklin Resources Inc. 30.1 6 N. American Mortgage 27.2 7 Cisco Systems 25.9 8 Collagen Corporation 23.4 9 Linear Technology Corp. 22.5 10 American Residential 22.1 11 Countrywide Credit 21.5 12 Plaza Home Mortgage 21.1 13 W D-40 Co. 19.0 14 McGrath RentCorp 18.6 15 MacNeal-Schwendler 18.6 16 Argonaut Group Inc. 18.
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