September 9, 2013 |
Molex Inc., a maker of electronic components for Apple Inc.'s iPhone and other products, agreed to a $7.2-billion acquisition by Koch Industries Inc., the holding company controlled by the billionaire Koch brothers. Koch will buy Molex's shares for $38.50 apiece, a 31% premium over the publicly traded common stock, the companies said Monday. Koch, a closely held company that owns things as varied as biofuel, fertilizer makers and commodity-trading services, is using the acquisition to expand into connector components.
March 27, 2013 |
A Wisconsin man could face years in federal prison if he is convicted of helping hacker collective Anonymous take down Koch Industries' website during protests in the state's capital in 2011, according to an indictment revealed this week. The charges were announced Tuesday by the U.S. attorney's office in Wichita, Kan. -- the home of Koch Industries, a $115-billion-a-year oil and manufacturing conglomerate owned by libertarian iconoclasts Charles and David Koch. Officials said Eric J. Rosol, 37, of Black Creek, Wis., participated in an Anonymous-organized shutdown of Koch websites www.kochind.com and www.quiltednorthern.com on Feb. 27 and 28 in 2011.
June 25, 2012 |
The Koch brothers' attempted takeover of the libertarian Cato Institute has come to an end, at least for now. Charles and David Koch - the Kansas billionaires at the center of a network of conservative financial and intellectual influence sometimes derisively called “the Kochtopus” - have reached an agreement that changes the structure of the Cato Institute in exchange for its current chief executive, Ed Crane, stepping down. So ends one phase of a power grab that had tossed one of the most famous think tanks in Washington into confusion.
September 9, 2013 |
After scratching plans to buy the Los Angeles Times and other Tribune Co. newspapers, billionaire industrialists Charles and David Koch have agreed to buy Molex Inc., a maker of electronic connectors used by several companies, including Apple Inc. The $7.2-billion acquisition helps the Koch brothers diversify from their traditional holdings in energy, chemicals and paper. Under the deal, Koch Industries will pay a 42% premium, on average, for shares of the Lisle, Ill., company.
CALIFORNIA | LOCAL
July 17, 1998 |
Los Angeles Unified School District Supt. Ruben Zacarias announced his decision Monday to fill the long-vacant position of business czar with a district insider. In a closed meeting Tuesday, the Board of Education gave its assent to the appointment of district Business Manager David Koch to the position of chief administrative officer, which has been vacant since Jan. 1. Zacarias also announced that he is forming an advisory counsel of business leaders to assist Koch.
April 24, 2014
Re "The right takes aim at the solar industry," April 20 The vast sums of money used by the Koch brothers and their ilk originated from average Americans fueling their vehicles and powering their homes. Billions of dollars are sucked out of our economy by those who want us to keep using carbon-based energy. The use of oil, coal and natural gas has massive external costs that are not paid by the end user. This is the reason government regulators are trying to level the playing field by providing reasonable incentives for solar energy.