August 11, 1997 |
Fairfield Communities Inc., which operates resorts in 11 states, said it will acquire a Florida-based resort operator, Vacation Break U.S.A. Inc., for $190.2 million in stock. Fairfield would issue 0.6075 shares of common stock for each share of Vacation Break's shares outstanding. Little Rock, Ark.
February 26, 2000
Granny Goose Foods will close its plant in Oakland, laying off 170 workers, and transfer its operations to a nonunion plant in Salt Lake City. The facility produced snacks for the Southern California market, which was unprofitable, the privately held company said. About a dozen employees will remain at the company's corporate headquarters, which will remain in Oakland. * New York Times Co.
January 25, 2000 |
Carnival Corp., the world's largest cruise operator, agreed to buy Fairfield Communities Inc. for $775 million in stock and assumed debt to enter the time-share resort business. Miami-based Carnival will swap 0.3164 of its shares for each of share of Orlando, Fla.-based Fairfield, valuing Fairfield at $15.61 a share, 20% more than Friday's closing price. Carnival also will assume $50 million of debt. On the NYSE, Carnival shares fell $3.50 to close at $43.13, and Fairfield fell $1.
January 9, 2001 |
Fairfield Communities Inc., a Florida time-share resort company, took advantage of the expansion of the Anaheim Convention Center and the Disneyland Resort by acquiring a 136-unit time-share resort near the park. The Orlando company said Monday that it bought Dolphin's Cove Resort for an undisclosed sum along with the rights to develop an additional Southern California resort with 150 units at an undisclosed oceanfront location.
February 27, 1990
A group including Pacific Southwest Corp., a Northridge-based real estate and mortgage banking firm, acquired a 6% stake in Fairfield Communities Inc., a Little Rock, Ark., home builder, according to a filing with the Securities and Exchange Commission. The investment group also includes Industrial Equity Pacific Ltd., the North American investment arm of Brierley Investments, New Zealand's second largest concern.
August 14, 1990
Pacific Southwest Corp., a Northridge-based real estate and financial services company, said it has discontinued talks regarding a possible joint venture with Industrial Equity Pacific Ltd. Pacific Southwest also said it no longer provides investment management, research, or any other services to Industrial Equity, which is the North American investment arm of Brierley Investments, New Zealand's second-largest company.