February 27, 1997 |
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.
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.
March 18, 1994 |
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.
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.
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. . . .