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NEWS
March 18, 2012 | By Mark Medina
A statement released by Derek Fisher's business manager suggested the Houston Rockets bought out his contract partly out of his hope to play on a championship-contending team. "After much discussion and expressing their desire to welcome Derek to their team this season as well as the 2012-2013 season, the Houston Rockets and Derek have negotiated a buyout," said Jamie Wior, Fisher's business manager. "Derek's desire to win a sixth championship is what drives him and will continue to drive him as he moves forward.
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SPORTS
February 26, 2014 | By Broderick Turner
The Clippers are interested in pursuing Danny Granger if he is able to secure a buyout from the Philadelphia 7ers, according to NBA executives who were not authorized to speak publicly on the matter. Multiple reports have said Granger and his representatives are in discussions with the 76ers about a buyout. Granger would have to get the buyout by Thursday in order to clear waivers because the deadline for waived players to be on a team's playoff roster is 9 p.m. Pacific time Saturday.
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SPORTS
May 17, 2013 | By Chris Foster
UCLA basketball Coach Steve Alford and the University of New Mexico have reached an agreement on a buyout, New Mexico officials announced. New Mexico will receive a "net benefit of $625,000 buyout," according to a statement released by university officials. There were still “some final details to resolve.” UCLA released a statement that Alford has offered to pay $300,000, and he had "previously agreed to forego certain bonuses" that were owed him. Alford jumped to UCLA on March 30, 10 days after agreeing to a 10-year contract extension with New Mexico.
SPORTS
February 26, 2014 | By Broderick Turner
All signs point to the Clippers signing free-agent forward Danny Granger to a contract after he clears waivers Friday at 2 p.m. PST. Granger got a buyout from the Philadelphia 76ers on Wednesday, making him a free agent who could sign with any team. Clippers Coach Doc Rivers was asked whether the club was interested in signing Granger. "Of course," Rivers said. Rivers was asked whether the Clippers will sign Granger. "I have no idea," Rivers said. "And that's the fact.
BUSINESS
May 30, 2012 | By Andrew Tangel
Pep Boys' stock plunged 22% following the collapse of a buyout deal with a Los Angeles-based private equity firm. The Philadelphia-based automotive retail and repair chain on Tuesday announced the termination of its planned $1.1-billion buyout by The Gores Group. Pep Boys, which has 130 shops in California, said Gores would pay the company a $50-million termination fee and reimburse it for expenses related to the aborted merger, according to a filing with the U.S. Securities and Exchange Commission.
BUSINESS
January 22, 2013 | By Andrea Chang
Microsoft Corp. is reportedly in discussions to help finance a buyout of struggling computer maker Dell Inc. According to the Wall Street Journal , which cited a person familiar with the talks, Microsoft's investment "would likely be in the range of a couple of billion dollars. " CNBC  reported a range of $1 billion to $3 billion, citing sources close to the matter. Last week, rumors began swirling that Dell was considering a leveraged buyout and was in talks with private equity firms, with a deal that could be completed by the end of February.
BUSINESS
September 13, 2010 | By Michael Oneal
The unsecured creditors committee in Tribune Co.'s bankruptcy case asked a Delaware judge Monday for the right to sue Chicago real estate magnate Sam Zell and other investors and lenders who participated in the company's ill-fated 2007 leveraged buyout. The motion was largely procedural, and the document said the request is not aimed at disrupting a court-ordered mediation in the case, which is scheduled for this month. Lawyers for the committee had signaled at a previous court hearing that they would probably file a new complaint and ask for permission to pursue it because U.S. bankruptcy law would require bringing litigation surrounding the buyout within two years of the company's filing for Chapter 11 protection.
BUSINESS
October 11, 2010 | Bloomberg News
Gymboree Corp., the San Francisco-based children's clothing retailer, agreed to be bought by Bain Capital for about $1.8 billion. The acquisition price is $65.40 a share, the companies said Monday. That's 57% more than Gymboree's closing price Sept. 30, when reports of a takeover surfaced. Gymboree may seek acquisition proposals from third parties through Nov. 20, according to the statement. Gymboree shares gained $11.88, or 22%, to $64.83 on Monday. The purchase is the largest leveraged buyout in the retail apparel sector in the last three years.
SPORTS
February 26, 2014 | By Broderick Turner
The Clippers are interested in pursuing Danny Granger if he is able to secure a buyout from the Philadelphia 7ers, according to NBA executives who were not authorized to speak publicly on the matter. Multiple reports have said Granger and his representatives are in discussions with the 76ers about a buyout. Granger would have to get the buyout by Thursday in order to clear waivers because the deadline for waived players to be on a team's playoff roster is 9 p.m. Pacific time Saturday.
BUSINESS
September 30, 2008 | From Times Wire Services
Triarc Cos. Inc., the Atlanta-based operator of Arby's, completed its $2.34-billion takeover of Dublin, Ohio-based Wendy's International Inc.
SPORTS
February 24, 2014 | By Broderick Turner
NEW ORLEANS -- After the Clippers signed free-agent forward Glen Davis to a contract Monday, Coach Doc Rivers said they will continue “tracking” players whose contracts get bought out to see if they can add another player. Davis was with the team here, but didn't play because he won't take his physical until Tuesday in Los Angeles. The team hopes he can play Wednesday night against the Houston Rockets at Staples Center. The Clippers have a 13-man roster, giving them room to sign two more players if they desire.
SPORTS
February 23, 2014 | By Broderick Turner
OKLAHOMA CITY - Free agent forward Glen Davis informed the Clippers on Sunday that he will sign with them. Coach Doc Rivers said the deal wasn't "official yet. " "Hopefully it will be," Rivers said. Davis, who got a buyout from the Orlando Magic on Friday, cleared waivers at 2 p.m. West Coast time Sunday. He will join the Clippers in New Orleans on Monday night for their game against the Pelicans or back in Los Angeles on Wednesday night for their game against the Houston Rockets.
SPORTS
February 22, 2014 | By Ben Bolch
The New York Knicks were reportedly working on a buyout of Metta World Peace's contract Saturday. But there was nothing even the notorious Knicks public relations machine could do about the tweets of Daniel Artest , World Peace's brother. Among the highlights: "Ron wanted to be a knick his entire career and his dream became a nightmare. Knicks need an overhaul. Top to bottom. "Well. At least I got some nice knick gear. " "I'm not threatening [owner Jim ] Dolan on twitter tho. Lol. Some fan is locked up for that.
BUSINESS
November 4, 2013 | By Andrea Chang
In a stunning turn of events, BlackBerry announced Monday that its $4.7-billion buyout had fallen through, that it was no longer for sale and that Chief Executive Thorsten Heins was out. Shares of BlackBerry plummeted on the news, falling more than 16% in early trading in New York. Its shares were down 13% to $6.76 at 7:50 a.m. PST. The Canadian company said the slew of announcements marked the conclusion of its review of strategic alternatives, which had seen BlackBerry shopping itself around to several potential buyers in recent weeks.
BUSINESS
November 4, 2013 | By Andrea Chang
With BlackBerry's latest upheaval, the troubled company is again facing pressure to ditch its smartphones. In a stunning turn of events, BlackBerry announced Monday that a tentative deal to sell itself to a Canadian financial services holding company for $4.7 billion had collapsed, that it was no longer for sale and that Chief Executive Thorsten Heins was being replaced. Shares of BlackBerry plummeted, closing down $1.27, or 16.4%, to $6.50. Its stock has fallen 45% this year.
BUSINESS
October 24, 2013 | By Shan Li
Safeway Inc. shares have climbed for two straight days on speculation of a buyout offer just weeks after the grocery giant deflected another potential takeover. Buyout rumors erupted this week on reports that private equity firm Cerberus Capital Management was involved in discussions to acquire some or all of Safeway, which also operates the Vons and Pavilions chains. Cerberus currently owns a supermarket business that operates Albertsons and Shaw's. Investors responded by snapping up Safeway's stock, which rose nearly 10% this week to close at $36.06 on Thursday.
BUSINESS
May 1, 2012 | By Andrew Tangel
Pep Boys' shares plunged nearly 25% in midday trading on Wall Street after reports that Los Angeles private equity firm Gores Group wants to delay a shareholders meeting in its $800-million buyout of the automotive retail chain. Gores Group said it believes Pep Boy's proxy statement, after a disappointing first quarter, “is no longer accurate,” according to a filing Tuesday with the U.S. Securities and Exchange Commission. Gores wants to include in the company's proxy a statement noting a “serious deterioration in the Pep Boys business,” the filing stated.
BUSINESS
November 26, 2011 | By Michael Oneal and Ameet Sachdev
This month, a two-page letter from an angry Colorado investor arrived on Tribune Co.'s Bankruptcy Court docket. The investor, Mark Lies, was among thousands of Tribune shareholders who cashed out when the media conglomerate went private in 2007. And like those others, he stands to lose some of his winnings if junior creditors succeed in their legal bid to claw back more than $2.5 billion of the $8.2 billion in proceeds from Tribune's disastrous leveraged buyout. "What seems grossly unfair," Lies wrote to U.S. Bankruptcy Judge Kevin J. Carey, "is there doesn't seem to be any adult supervision looking out for the average investor like myself.
BUSINESS
July 18, 2013 | By Andrea Chang
Dell Inc. has postponed a shareholder vote on its $24.4-billion buyout plan, a sign that not enough investors were on board with founder and Chief Executive Michael Dell's bid to take the company private.  The PC maker delayed the vote Thursday shortly after it began a special meeting of shareholders in Round Rock, Texas, where the company is based. Dell released a short statement saying no vote was taken on the proposed transaction before the meeting adjourned. Many large investors had signaled their opposition to the plan in the days leading up to Thursday's gathering.
BUSINESS
July 18, 2013 | By Andrea Chang
Dell Inc. has postponed a shareholder vote on its $24.4-billion buyout plan, a sign that not enough investors were on board with founder and Chief Executive Michael Dell's bid to take the company private. The PC maker delayed the vote Thursday shortly after it began a special meeting of shareholders in Round Rock, Texas, where the company is based. Dell released a short statement saying no vote was taken on the proposed transaction before the meeting adjourned. Many large investors had signaled their opposition to the plan in the days leading up to Thursday's gathering.
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