CALIFORNIA | LOCAL
July 18, 2000
Syncor International Corp. in Woodland Hills announced a 2-for-1 stock split of its outstanding common stock. Syncor has about 12 million shares outstanding. The split entitles each shareholder of record on July 26 to receive a stock dividend of one additional share for each share of Syncor common stock held on that date. Syncor provides high-technology health care services including nuclear pharmacy services, medical imaging and radiotherapy.
June 5, 1986
Gish Biomedical Inc. in Santa Ana said Tuesday that it was able to convert all but one holder of 458 bonds to holders of common stock, erasing $458,000 in long-term debt and saving the company $68,700 a year in interest. Gish, a supplier of surgical lasers and critical care medical equipment, said that each bond had a face value of $1,000 and was convertible to 333 shares of common stock. The bonds were issued in connection with the company's May, 1982, initial public offering.
May 20, 1997
Taitron Components Inc. said its board of directors has authorized a repurchase of up to $1 million of its common stock on the open market. Previously, in a similar program Taitron repurchased $631,000 worth of its common stock. Companies typically launch stock buyback programs in an effort to boost the value of their shares. Taitron's stock recently has been trading for $2 to $3 a share. The company has 6.8 million shares of stock outstanding.
July 14, 1992
THQ Inc., a Calabasas developer of video games, said it completed a secondary offering of common stock that raised $6 million in gross proceeds for the company. In the offering, THQ sold 1.5 million shares for $4 each. An additional 750,000 shares were sold for the same price by certain existing THQ stockholders. THQ said it plans to use its proceeds for working capital and other general purposes.
October 26, 1993
Superior Industries International Inc., the Van Nuys-based manufacturer of aluminum car wheels, said it will repurchase up to 1 million shares of its common stock. Superior Industries has about 30.1 million shares outstanding. Louis Borick, chairman and president, said he believed that the current stock price did not adequately represent the value of Superior's shares.
CALIFORNIA | LOCAL
February 9, 1999 |
The board of directors for Semtech Corp. in Newbury Park has approved the repurchase of up to $10 million of its common stock to fund stock options that may be exercised in the future. The stock repurchases will be made in the open market over the next few months. Semtech is a supplier of semiconductors for communication, computer, test and measurement, video and industrial equipment.
CALIFORNIA | LOCAL
June 1, 1999 |
Stockholders for SMTEK International in Thousand Oaks have approved the sale of 11.2 million shares of common stock to TMW Enterprises for $4.5 million. TMW is controlled by Thomas M. Wheeler, who is also SMTEK's largest stockholder. In a special meeting, the stockholders also approved an amendment to SMTEK's Certificate of Incorporation that institutes a reverse split of the company's common stock of 1 share for each 20 shares that are currently outstanding.
May 16, 1995
Ventura County National Bancorp., Oxnard-based parent of Ventura County National Bank and Frontier Bank, said it has received permission from the Securities and Exchange Commission to proceed with a rights offering of common stock. VCNB said it expects to raise at least $4.5 million in new capital through the issuance of 2 million shares. The proceeds will be used to fund growth and to help VCNB meet capital ratio requirements imposed on the bank by federal regulators.
November 5, 1991
Benton Oil & Gas Co., an Oxnard-based energy concern, said it has filed a registration statement with the Securities and Exchange Commission for a proposed offering of 3 million shares of common stock. Benton said it expects net proceeds from the offering to total between $35 million and $36 million. Cash raised from the offering will be used to pay debt, help fund a joint venture with Russian partners in Siberia and provide money for exploration and development in the Gulf Coast region.
June 4, 1986
Breaking with past practice, the San Diego-based firm said it will sell a portion of its Pacific Southwest Airlines subsidiary to the public through an offering of 3 million shares of common stock that could raise as much as $24.7 million. PSA Inc. hopes to sell the common shares for between $7.25 and $8.25 per share. Even after the offering, PSA Inc. will retain control of the airline through ownership of 74% of the airline's 13.5 million common shares and all of its 13.