January 9, 1994 |
Two Irvine investment banks are joining forces to participate in larger financings, but both say they will continue raising capital for biomedical and other small technology companies. Michael Danzi, president of Danzi Capital Group, an investment bank formed a year ago, is joining L.H. Friend, Weinress & Frankson Inc. and taking his five-person staff with him. Danzi will be managing director of a new wholly owned division called L.H. Friend-Danzi Capital Partners, company officials said.
September 16, 1995 |
A California investment fund has purchased a $4.8-million stake in the privately held Irvine Co., Orange County's largest landowner. Last May, Howard P. Marguleas, an Irvine Co. director since 1977, said he was selling his 5.05% minority stake in the land company. Marguleas is chairman of Sun World International, a Bakersfield-based agricultural firm in bankruptcy. The investment fund, which was not named by Marguleas, bought 12 shares for $4.8 million, or $400,000 a share.
January 11, 1995 |
In an unusual investment move, Claremont McKenna College, a tiny, private liberal arts school near Pomona, has purchased a $5-million stake in Irvine Co., Orange County's largest landowner. Earlier this year in a confidential prospectus sent to potential investors, Howard P. Marguleas, an Irvine Co. director since 1977, said he was selling his 5.05% minority stake in the privately held company--shares for which he was seeking about $94 million--to raise money he needed to meet other obligations.
March 21, 1996 |
A hospital chain has bought 12 shares of Irvine Co. stock at $400,000 each, seizing a rare opportunity to grab a stake in Orange County's largest landowner. The nation's second-largest Catholic-owned hospital chain, Catholic Healthcare West of San Francisco, purchased the Irvine Co. stock for a total of $4.8 million.
July 19, 1996 |
Billionaire land baron Donald L. Bren has quietly bought all outstanding shares in the Irvine Co., increasing his stake to 100% from 92% in a deal worth at least $80 million. Some outside investors who had bought stock in Orange County's largest landowner at $400,000 a share recently received offers from Bren, the Irvine Co. chairman, to purchase the stock at $425,000 per share.
January 20, 1996 |
In one of the brightest economic reports for California in years, government officials said Friday that the state gained 19,000 jobs last month while its unemployment rate fell to 7.7%, from 8.8% in November. For all of 1995, California's job total climbed 178,200 to nearly 12.4 million, easily the state's best year since 1989. To many analysts, the numbers suggested that California's economic recovery is accelerating despite lackluster business growth nationally.