November 21, 1995 |
First Interstate Bancorp directors Monday rejected Wells Fargo & Co.'s sweetened takeover offer and reaffirmed their support for the proposed friendly merger with First Bank System Inc. And in a filing Monday with the Securities and Exchange Commission, First Interstate also provided new insight into the roles that two of America's best-known financiers, Warren E. Buffett and George Roberts, have been playing on opposite sides of Wells Fargo's hostile bid.
July 8, 1998 |
Kohlberg Kravis Roberts & Co. affiliates plan to sell 25 million common shares of Safeway Inc., the supermarket and drugstore operator. Selling Safeway shares was one of KKR's most profitable activities last year. The New York-based buyout firm sold most of its Safeway stake--acquired in 1986 at an original cost basis of 50 cents a share, according to a KKR annual review--for between $43 and $58.25 a share. Pleasanton-based Safeway's shares fell $1.31 to close at $41.
November 1, 1994 |
You might think of them as members of Gov. Pete Wilson's $100,000 club. They are 20 private interests--companies, individuals and political action committees--that each have contributed at least $100,000 to help the Republican incumbent finance his reelection campaign against Democrat Kathleen Brown.
October 11, 1988 |
Here is Forbes magazine's 1988 list of the 400 richest Americans in descending order of wealth, showing estimated fortune in millions, residence, source of wealth and age. Duplicated numbers represent ties; boldfaced entries are used to designate Californians. 1) Sam Moore Walton, $6,700, Bentonville, Ark., Wal-Mart Stores, 70. 2) John Werner Kluge, $3,200, Charlottesville, Va., Metromedia, 75. 3) Henry Ross Perot, $3,000 Dallas, Electronic Data Systems, 58.
December 3, 1988 |
Thanks to its unprecedented $24.5-billion winning bid for RJR Nabisco, the investment firm of Kohlberg Kravis Roberts has cemented even further its reputation as a deal maker par excellence , a financial juggernaut that is changing the face of corporate America. But while KKR and its top partners receive top marks for their takeover acumen, they also score reasonably good reviews from analysts for managing companies they have acquired, if profits for KKR's investors are measured.
February 15, 1990 |
Beleaguered First Interstate Bancorp disclosed Wednesday that the giant investment firm of Kohlberg Kravis Roberts & Co. owns nearly 10% of its stock, including 3.5-million shares bought this week as part of a critical stock sale for the Los Angeles-based banking firm.