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March 13, 1992 | CRISTINA LEE, TIMES STAFF WRITER
A Chicago investment group has increased its stake in Readicare Inc. to 10.3% but says it has no plans to seek control of the operator of outpatient medical centers specializing in workers' compensation claims. Harris Associates L.P., an investment advisory firm and mutual funds manager, has nearly doubled its stake in Irvine-based Readicare by acquiring 417,800 shares of the company's stock, boosting its total holdings to 852,000 shares. The company previously owned 5.3% of Readicare.
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BUSINESS
March 13, 1992 | CRISTINA LEE, TIMES STAFF WRITER
A Chicago investment group has increased its stake in Readicare Inc. to 10.3% but says it has no plans to seek control of the operator of outpatient medical centers specializing in workers' compensation claims. Harris Associates L.P., an investment advisory firm and mutual funds manager, has nearly doubled its stake in Irvine-based Readicare by acquiring 417,800 shares of the company's stock, boosting its total holdings to 852,000 shares. The company previously owned 5.3% of Readicare.
BUSINESS
June 14, 1989
Los Angeles-based Heritage Entertainment announced shareholder approval of its acquisition of Landmark Theatre Corp. scheduled to be completed June 21 . . . A group of Chicago investors led by Harris Associates L.P. has increased its stake in Petaluma, Calif.-based Northbay Financial Corp. to 5% from 1.3%, according to an SEC filing.
BUSINESS
February 8, 1992 | From Times Staff and Wire Reports
ReadiCare Announces Stock Purchases: ReadiCare Inc., which operates a chain of outpatient medical centers specializing in worker compensation claims, said Friday that two companies have bought 11% of its stock. Eagle Asset Management Inc. acquired 6% of ReadiCare's stock, or 493,500 shares, and Harris Associates L.P. holds a 5% stake, or 435,000 shares, according to a filing with the Securities and Exchange Commission. ReadiCare, based in Irvine, has 8.3 million shares outstanding.
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