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Everest Jennings International Ltd

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BUSINESS
May 5, 1992
Huntco Manufacturing Inc. said it sold its entire 14.5% stake in the class A stock of Everest & Jennings International Ltd. in Camarillo for $1.23 million. In a filing with the Securities and Exchange Commission, Huntco said HMH Investments Inc. exercised an option to buy the 984,000 shares from Huntco for $1.25 each. Everest & Jennings, which plans to move its headquarters to St. Louis this summer, makes wheelchairs and other medical equipment.
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BUSINESS
March 24, 1992
Everest & Jennings International Ltd., citing restructuring charges, reported a fourth-quarter loss of $14.2 million compared with a year-earlier loss of $5.75 million. The latest loss was expected for the struggling Camarillo-based maker of wheelchairs and other medical equipment. The company had said Feb. 28 that it would incur a sizable restructuring charge in the fourth quarter as a result of its plan to move its headquarters to St. Louis this summer.
BUSINESS
November 19, 1991
Everest & Jennings International Ltd., a Camarillo-based maker of wheelchairs and in-home care equipment, said it narrowed its loss during the third quarter to $1.5 million from $38.4 million last year, when the company took a $28.4-million charge for restructuring and writedowns of some assets. For the three months ended Sept. 30, the company's revenues declined 12.6% to $28.6 million from $32.7 million last year. For the first nine months of the year, Everest & Jennings' loss narrowed to $2.
BUSINESS
May 5, 1992
Huntco Manufacturing Inc. said it sold its entire 14.5% stake in the class A stock of Everest & Jennings International Ltd. in Camarillo for $1.23 million. In a filing with the Securities and Exchange Commission, Huntco said HMH Investments Inc. exercised an option to buy the 984,000 shares from Huntco for $1.25 each. Everest & Jennings, which plans to move its headquarters to St. Louis this summer, makes wheelchairs and other medical equipment.
BUSINESS
March 24, 1992
Everest & Jennings International Ltd., citing restructuring charges, reported a fourth-quarter loss of $14.2 million compared with a year-earlier loss of $5.75 million. The latest loss was expected for the struggling Camarillo-based maker of wheelchairs and other medical equipment. The company had said Feb. 28 that it would incur a sizable restructuring charge in the fourth quarter as a result of its plan to move its headquarters to St. Louis this summer.
BUSINESS
September 24, 1991
Everest & Jennings International Ltd., a Camarillo-based wheelchair maker, said it has agreed to sell its Ortopedia GmbH unit in Germany in a deal valued at about $58 million. The buyer is a consortium led by Citicorp Venture Capital and includes County NatWest Ventures Ltd. and Ortopedia's management. The proposed sale is part of Everest & Jennings' effort to cut its debt load. Ortopedia's annual sales of about $83 million are more than a third of Everest & Jennings' total annual sales.
BUSINESS
November 19, 1991
Everest & Jennings International Ltd., a Camarillo-based maker of wheelchairs and in-home care equipment, said it narrowed its loss during the third quarter to $1.5 million from $38.4 million last year, when the company took a $28.4-million charge for restructuring and writedowns of some assets. For the three months ended Sept. 30, the company's revenues declined 12.6% to $28.6 million from $32.7 million last year. For the first nine months of the year, Everest & Jennings' loss narrowed to $2.
BUSINESS
September 24, 1991
Everest & Jennings International Ltd., a Camarillo-based wheelchair maker, said it has agreed to sell its Ortopedia GmbH unit in Germany in a deal valued at about $58 million. The buyer is a consortium led by Citicorp Venture Capital and includes County NatWest Ventures Ltd. and Ortopedia's management. The proposed sale is part of Everest & Jennings' effort to cut its debt load. Ortopedia's annual sales of about $83 million are more than a third of Everest & Jennings' total annual sales.
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