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BUSINESS
June 12, 1990
Software Toolworks, a Chatsworth maker of software for personal computers and the Nintendo home-video system, said it plans the sale of an additional 3.85 million shares of common stock. The offering will include 2 million shares sold by the company, and 1.85 million shares sold by certain existing stockholders, including chairman Leslie Crane. Software Toolworks' stock closed Friday at $21.25 a share in over-the-counter trading; at that price the offering would be valued at $81.8 million.
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BUSINESS
December 28, 1993
Leslie's Poolmart, a Chatsworth operator of retail swimming pool supply stores, said it plans to repurchase up to $1 million worth of its common stock a year in occasional open-market transactions. Brian P. McDermott, president and chief executive, said the company intends to buy back the stock because the current price doesn't adequately reflect the company's "recent accomplishments and significant growth prospects."
BUSINESS
July 25, 1998 | Dow Jones
Premier Laser Systems Inc. said Friday that the Nasdaq Stock Market intends to delist its company's common stock at the opening of business July 29. The Irvine maker of dental lasers said it has requested a hearing on the matter, which should postpone the delisting until Nasdaq considers the appeal. Premier Laser also said its Nasdaq symbols will be changed to PLSAE and PLSZE from PLSIA and PLSIZ, effective July 27, to reflect the company's filing status.
BUSINESS
March 8, 1994 | Jack Searles
LTC Properties Inc., an Oxnard-based real estate investment trust, has proposed to sell up to 4.6 million shares of common stock to fund $35 million in investment commitments, repay $11 million in debt and make additional investments. LTC invests in long-term nursing facilities nationwide, mainly by making mortgage loans secured by the properties. The company said $32 million of the investments to be funded by the stock sale will be in mortgages while $3 million will be in sale-lease back deals.
BUSINESS
August 21, 1990
Martin Lawrence Limited Editions Inc. of Van Nuys, which operates a chain of art galleries, said it repurchased 500,000 shares of its common stock under a stock program announced last month. It said the shares were bought between July 2 and Aug. 17 at prices ranging from $3.43 to $4.63 each. The company also had repurchased 500,000 of its common shares between April 30 and June 29. As of Aug. 17, the company had 7.35 million shares outstanding.
BUSINESS
May 20, 1996
Imperial Credit Mortgage Holdings Inc. said it plans to sell 2.5 million shares of common stock in an effort to raise about $35.9 million after expenses. The real estate investment trust plans to use the proceeds primarily to invest in residential mortgage loans and related securities and to provide short-term credit to mortgage banks, according to a registration statement filed with the Securities and Exchange Commission. PaineWebber Inc.
BUSINESS
November 3, 1987
United Education & Software said it is shelving a public offering of 1 million shares of new common stock because of the big drop in the company's stock price after the fall in the stock market last month. The Encino trade-school operator planned to sell the stock at a maximum of $15.625 a share. On Monday, however, its stock closed at $10.75.
CALIFORNIA | LOCAL
June 27, 2000 | BARBARA MURPHY
Diodes Inc. in Westlake Village has begun trading its common stock on the Nasdaq stock exchange under the symbol DIOD. Also, the semiconductor company's board of directors has declared a 3-for-2 stock split, payable on July 14 to stockholders of record on June 28. Under terms of the stock split, Diodes' stockholders will receive a dividend of one additional share for every two shares held on the record date. Fractional shares created by the dividend will be paid in cash.
BUSINESS
May 11, 1993
K-Swiss Inc., a Chatsworth company that designs and markets athletic shoes, said it has filed a registration statement with the Securities and Exchange Commission for a proposed offering of 1 million shares of its Class A common stock. Of the total, 100,000 shares are being offered by the company and 900,000 are being offered by a group of stockholders, K-Swiss said.
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