December 28, 1988 |
General Automation, a struggling Anaheim computer maker, has broken off merger talks with Alpha Microsystems and said it will team up with a British electronics firm instead. Sanderson Electronics PLC, a supplier of business computers, has agreed to lend up to $1.75 million next month to General Automation, which has searched for financial help for several months after posting heavy losses for more than a year.
July 30, 1989 |
A century ago, just after Orange County was carved out of Los Angeles County, two small companies opened storefront offices along the dusty streets of Santa Ana to offer property buyers the assurance that their homes were free and clear of any liens. The firms were in business to guarantee that no unknown party could produce a deed or some other claim to wrestle the property away from their customers. To that end, Charles E.
August 5, 1988 |
Spectramed, a Newport Beach medical equipment manufacturer with a tumultuous track record, said Thursday that it has agreed to be acquired by a giant British medical company for $100 million in cash. The $12-per-share offer by London-based BOC Group represents a 140% premium over Wednesday's closing price of $5 per share. Announcement of the deal caused Spectramed stock to soar to $11.50 per share Thursday on heavy volume of 2.2 million shares.