September 1, 1992 |
Loral Corp. said Monday it has completed its acquisition of the missile operation of LTV Corp., setting the stage for a possible transfer of jobs from Orange County to Texas or Arkansas. For its share of a three-partner deal, Loral expects to pay LTV a total of $244 million for the missiles division of Dallas-based LTV, which is reorganizing under Chapter 11 bankruptcy protection. Loral's partners, the Carlyle Group in Washington and Northrop Corp.
July 13, 1994 |
Northrop Grumman Corp. said Tuesday that it agreed to buy the 51% of Vought Aircraft Co. it does not already own for $130 million from Carlyle Group, a Washington investment partnership. Dallas-based Vought makes large sections of commercial and military airplanes, including Northrop's B-2 Stealth bomber and Boeing Co.'s 747 jumbo passenger jet. The deal is not a surprise. Northrop, the Los Angeles-based aerospace and defense concern that recently bought Grumman Corp. for $2.
September 12, 2005 |
Clayton, Dubilier & Rice Inc. and Carlyle Group are part of a buyout group that plans to acquire Hertz Corp., the largest U.S. car-rental company, from Ford Motor Co., people familiar with the matter said. Clayton Dubilier of New York and Washington-based Carlyle, along with Merrill Lynch & Co.'s private equity unit, have offered $5 billion in cash for Hertz, plus they would assume about $10 billion of debt, said the people, who declined to be identified.
June 13, 2007 |
The sprawling home of Manhattan Beach Studios, where movies and television shows including "CSI: Miami" and "Boston Legal" are filmed, has been sold to a Washington investment company for $150 million. The studio, with 14 soundstages, nine production offices and the four-story Media Center office building, has been a hot property in recent years as the entertainment industry and local real estate boomed. Its value has appreciated $50 million in less than three years.
April 18, 2000 |
Northrop Grumman Corp., which makes the fuselage for Boeing 747 jetliners, said it's in talks to sell the fuselage business now that jetliner sales appear headed for period of decline. Northrop hired Salomon Smith Barney Inc. to help with the sale. The Wall Street Journal reported that Northrop is talking with Carlyle Group, a closely held, Washington-based venture-capital and buyout company. Carlyle Group didn't return calls seeking comment. The business had sales of $1.44 billion last year.
March 30, 2005 |
Carlyle Group, the investment firm whose former advisors include former President George H.W. Bush, said Tuesday that it raised $7.85 billion for the world's biggest buyout fund. Carlyle's fund eclipsed the $6.45 billion that New York-based Blackstone Group attracted in 2002. The new fund will acquire firms in industries including defense and telecommunications.