January 3, 1990 |
Di Giorgio Corp. said Tuesday that it has agreed to be acquired by a company headed by New Jersey investor Arthur M. Goldberg for $30 a share, or about $155 million, ending a six-month struggle for control of the food distribution and building material company. Di Giorgio, based in San Francisco, said it had been unable to find another bidder who could top the offer from DIG Acquisition Corp., which is owned by Goldberg's Rose Partners partnership.
June 30, 1987 |
Di Giorgio Corp., an old-line San Francisco firm involved in food processing, building products and real estate, said Monday that it is the target of a $238-million takeover offer from an investment group affiliated with New York money manager Mario Gabelli. Analysts were not impressed with the $28-a-share bid and expect better offers to surface. "I think it understates what the company is worth," said analyst Kevin B.
January 20, 1988 |
Di Giorgio Corp. said Tuesday that it plans to buy back nearly 20% of its stock and sell four divisions, including two in Southern California. The move would refocus the old-line San Francisco company on its food-processing and distribution and building materials businesses. Di Giorgio, which outlasted a hostile takeover attempt last year, said the restructuring "is designed to strengthen the company and result in enhanced value for all Di Giorgio shareholders."
September 19, 1985
Michael M. Cully has been named controller of Di Giorgio Corp., a San Francisco-based food processing and marketing company.