November 1, 1989 |
Paramount Communications Inc. said it has finished its restructuring, which began in 1983, by completing its previously announced sale of a finance unit Tuesday to Ford Motor Co. for $3.35 billion. The Dallas-based unit, Associates Corp. of North America, is the nation's third-largest finance company when measured by total assets. The unit provides a broad range of consumer finance, specialized commercial finance and leasing and related insurance products.
November 21, 1995
Pacific Gulf Properties Inc. said Monday it has completed the sale of its four Texas properties to Capitol Investment Associates Corp. of Chevy Chase, Md., for $31.1 million. Pacific Gulf, a real estate investment trust, said the purchase price includes $30.1 million in cash and a $1-million note. The company plans to use proceeds to acquire two new properties in the Pacific Northwest.
September 29, 1989 |
First Interstate Bancorp, continuing its restructuring program, said Thursday that it is selling a nearly $500-million credit-card portfolio to Associates Corp. of North America, a Dallas-based commercial and consumer finance company. Separately, Wells Fargo Bank agreed Thursday to buy the $280-million credit-card portfolio held by Imperial Corp. of America, parent of Imperial Savings in San Diego.