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California Jockey Club

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BUSINESS
December 12, 1996 | Times Staff and Wire Reports
California Jockey Club said it will not pay a dividend for the second half of 1996 because of reduced earnings attributable to increased general and administrative costs and less-than-projected rent from racing facilities at Bay Meadows Racecourse. The company said it incurred significant expenses relating to a proxy contest for election of directors and the negotiation of a strategic alliance aimed at increasing stockholder value at an Aug. 30 shareholders meeting.
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BUSINESS
February 27, 1997 | Times Staff and Wire Reports
Patriot American Hospitality Inc. said it finalized its agreement to acquire California Jockey Club and Bay Meadows Operating Co. for about $195 million in cash or stock. The $33-a-share transaction would give Dallas-based Patriot American control of the Bay Meadows Racecourse in San Mateo as well as an unusual corporate structure that would allow it to shelter earnings from corporate income taxes while operating the racetrack and its own hotel properties.
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BUSINESS
November 1, 1996 | Times Staff and Wire Reports
Patriot American Hospitality Inc. said it agreed to acquire racetrack concerns California Jockey Club and Bay Meadows Operating Co. for about $195 million in stock. Patriot, a real-estate investment trust based in Dallas, said it will pay about $33 for each share of California Jockey and Bay Meadows, whose stock trades as a single unit on the American Stock Exchange; the shares soared 34% on the news, rising $8.375 to close at $33.25.
BUSINESS
December 12, 1996 | Times Staff and Wire Reports
California Jockey Club said it will not pay a dividend for the second half of 1996 because of reduced earnings attributable to increased general and administrative costs and less-than-projected rent from racing facilities at Bay Meadows Racecourse. The company said it incurred significant expenses relating to a proxy contest for election of directors and the negotiation of a strategic alliance aimed at increasing stockholder value at an Aug. 30 shareholders meeting.
BUSINESS
February 27, 1997 | Times Staff and Wire Reports
Patriot American Hospitality Inc. said it finalized its agreement to acquire California Jockey Club and Bay Meadows Operating Co. for about $195 million in cash or stock. The $33-a-share transaction would give Dallas-based Patriot American control of the Bay Meadows Racecourse in San Mateo as well as an unusual corporate structure that would allow it to shelter earnings from corporate income taxes while operating the racetrack and its own hotel properties.
SPORTS
February 13, 1986
San Francisco Mayor Dianne Feinstein attended secret talks at Bay Meadows race track in San Mateo recently over the possibility of building a stadium there for the San Francisco Giants, the San Francisco Chronicle reported Wednesday.
BUSINESS
March 18, 1994 | From Times Staff and Wire Reports
Santa Anita, Bay Meadows Talk Merger: Santa Anita Cos. said it has held exploratory discussions with Bay Meadows Operating Co. and California Jockey Club about a possible merger. Santa Anita Cos. is the holding company that owns and operates Santa Anita Race Track in Arcadia and several shopping centers. California Jockey Club owns the Bay Meadows track in San Francisco, and Bay Meadows Operating Co. runs it. Santa Anita Chairman Stephen F.
BUSINESS
July 2, 1997
Salt Lake City-based JP Realty Inc. said it purchased the Visalia Mall in Visalia for $38 million, completing its fifth shopping mall acquisition since its initial public offering in 1994. . . . Shareholders of Patriot American Hospitality Inc. and the California Jockey Club and Bay Meadows Operating Co. approved Patriot American's $262.9-million purchase of the San Mateo-based real estate investment trust.
BUSINESS
June 3, 1997
Deerfield, Ill.-based Metzler Group Inc. agreed to buy Resource Management International Inc. of Sacramento for $61.1 million in stock, a move that will add a utility consultant with East and West coast operations to Metzler's Midwestern ones. . . . Catalytica Combustion Systems Inc. shares rose 34%, or $2.75, to close at $10.75 on Nasdaq, on optimism that the Mountain View-based company today will present positive test results for its newest emissions-reduction system. . . .
BUSINESS
November 1, 1996 | Times Staff and Wire Reports
Patriot American Hospitality Inc. said it agreed to acquire racetrack concerns California Jockey Club and Bay Meadows Operating Co. for about $195 million in stock. Patriot, a real-estate investment trust based in Dallas, said it will pay about $33 for each share of California Jockey and Bay Meadows, whose stock trades as a single unit on the American Stock Exchange; the shares soared 34% on the news, rising $8.375 to close at $33.25.
SPORTS
February 13, 1986
San Francisco Mayor Dianne Feinstein attended secret talks at Bay Meadows race track in San Mateo recently over the possibility of building a stadium there for the San Francisco Giants, the San Francisco Chronicle reported Wednesday.
SPORTS
April 27, 1990 | From United Press International
A lawsuit alleging a group of stockholders is trying to place a convicted bookmaker on the board of directors at Bay Meadows race track has been filed in U.S. District Court. The action, brought by Bay Meadows Operating Co. and the California Jockey Club on Thursday, charges the insurgent Bay Meadows Stockholders Committee with violations of the federal securities laws.
SPORTS
October 25, 1990 | BOB MIESZERSKI
Brown Bess, an Eclipse Award-winning mare in 1989, has been retired. Brown Bess, an eight-year-old daughter of Petrone, was originally scheduled to run in the $400,000 Yellow Ribbon Stakes Nov. 4 at Oak Tree. "She suffered a stifle injury," trainer Chuck Jenda said from Bay Meadows. "Although it isn't a serious injury, it will interrupt her training, and since the Yellow Ribbon was going to be her last race anyway, we've retired her."
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