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Divestment

BUSINESS
August 16, 1997 | From Bloomberg News
Columbia/HCA Healthcare Corp. has received queries from companies wanting to buy parts of its far-flung network of health-care businesses, Chief Operating Officer Jack Bovender said Friday. Bovender said in an interview that potential buyers, including HealthSouth Corp., have approached the company but that Columbia isn't in talks with any of them. In addition to its 342 hospitals and 570 home-health sites, Columbia runs skilled-nursing, rehabilitation and outpatient-surgery businesses.
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BUSINESS
May 13, 2007 | Kathy M. Kristof, Times Staff Writer
Adam Sterling wants individual investors to know that they are a powerful force -- and they can use that power to help stop genocide halfway across the world in the Sudanese region of Darfur. If American investors pull their money from companies that fund the Sudanese government, Sterling believes that government will be forced to curtail atrocities by its forces and allied militias in their fight against Darfur rebels.
NEWS
May 17, 1990 | STUART SILVERSTEIN and MARIA LA GANGA, TIMES STAFF WRITERS
The parent of Lucky and Alpha Beta supermarkets gave up its costly legal battle to merge the two big chains and agreed Wednesday to sell most of its Alpha Beta stores in Southern California. Under a deal reached with California Atty. Gen. John K. Van de Kamp, American Stores consented to divest 152 of its Alpha Beta stores and nine of its Lucky Stores within five years.
BUSINESS
July 21, 1999 | MELINDA FULMER, TIMES STAFF WRITER
Certified Grocers of California, a Commerce-based cooperative that supplies independent supermarket chains, said Tuesday it has found buyers for 26 of the 32 divested stores purchased from Albertson's following its merger with American Stores Co. The sale of the stores, which are located from San Diego County to Santa Barbara, will give a number of independent operators--all supplied by Certified--a foothold in new markets. It will also give one ethnic supermarket chain, Carson-based K.V.
BUSINESS
June 23, 1999 | MELINDA FULMER and LESLIE EARNEST, TIMES STAFF WRITERS
Stater Bros. Inc. said Tuesday that it will nearly double its presence in Orange County by acquiring 14 supermarkets as Albertson's Inc. unloads 145 stores in the West to win approval of its $9.8-billion acquisition of American Stores Co. In all, 20 Albertsons, Lucky or Max Grocery stores in Orange County are changing hands. Commerce-based Certified Grocers of California will buy four stores, while Vons Cos. and Ralphs Grocery Co. will get one each. The deal will give Colton-based Stater Bros.
NATIONAL
September 27, 2005 | Jonathan Peterson, Times Staff Writer
In his first public comments about two federal investigations into the sale of his stock in the healthcare company HCA, Senate Majority Leader Bill Frist (R-Tenn.) insisted Monday that he had done nothing wrong and said legal advisors had approved his actions in advance.
BUSINESS
January 6, 1994 | CHRIS KRAUL, TIMES STAFF WRITER
California Federal Bank announced plans Wednesday to sell its 43 branches in Florida and raise up to $300 million in new capital, a clear signal that the financially troubled thrift will try to remain independent for the time being. The restructuring plan, announced after a three-month study by its outside financial adviser, confounded some observers who thought the thrift might put itself up for sale. Los Angeles-based CalFed is the nation's fifth-largest savings and loan, with $15.
BUSINESS
October 30, 1996 | CHRIS KRAUL, TIMES STAFF WRITER
In another step toward shedding its long California heritage, Unocal Corp. on Tuesday said it may divest its West Coast gasoline retailing empire--nearly half the company--and use the proceeds to look for oil overseas. El Segundo-based Unocal said it was setting up its 76 Products business unit as a wholly owned subsidiary as a prelude to a spinoff, joint venture or outright sale of the operation. The unit accounted for 47% of the company's $7.
BUSINESS
October 23, 1998 | JOHN O'DELL, TIMES STAFF WRITER
The Ohio-based owner of Interstate Electronics Corp. said Tuesday it plans to sell the Anaheim company, which manufactures guidance systems, electronic instrumentation and satellite-based navigation systems for the military. Interstate, which posted about $90 million in annual sales and employs 590 people, no longer fits into the business plan of owner Scott Technologies Inc., a Scott spokesman said.
BUSINESS
December 20, 1994 | From Reuters
Tobacco, food and brewing giant Philip Morris Cos. agreed Monday to sell its Kraft Food Service Inc. division to private investment firm Clayton, Dubilier & Rice for about $700 million in cash. With annual revenue of about $4 billion, Kraft Food Service distributes a wide range of food service products to restaurants, hospitals, public institutions and other non-retail outlets. It is a division of Philip Morris' Kraft General Foods Inc. "It will be a cash deal . . .
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