October 26, 1991 |
The fate of Executive Life Insurance Co.'s policyholders is still far from certain, Los Angeles Superior Court Judge Kurt Lewin said at a hearing Friday. Although state Insurance Commissioner John Garamendi recommended Thursday that an insurance industry plan to rehabilitate the company be accepted, the industry--represented by the National Assn. of Life and Health Insurance Guaranty Assns. (NOLHGA)--must satisfy several requirements before the judge approves the deal.
April 27, 2001 |
Nasdaq--the stock--may be getting closer. The Nasdaq Stock Market said Thursday it plans to become a publicly traded company, a long-awaited move that would give the No. 2 U.S. stock market a more nimble ownership structure and the opportunity to raise cash for expansion. "Offering shares to the public is a natural next step in the evolution of Nasdaq," Nasdaq Chairman Frank Zarb said in a statement. "When the time is right, we will do it.
January 17, 2006 |
VNU, owner of research company ACNielsen, is discussing an $8.88-billion bid from buyout firms including Kohlberg Kravis Roberts & Co. two months after shareholders forced the resignation of VNU's chief executive. VNU, based in the Netherlands, said it had received an offer of 28 euros ($34) to 28.50 euros a share from a group that also includes AlpInvest Partners, Blackstone Group, Carlyle Group, Hellman & Friedman, Permira Advisers Ltd. and Thomas H. Lee Partners.
February 26, 1997 |
Clear Channel Communications Inc. said it agreed to buy outdoor advertising company Eller Media Corp. for $1.15 billion in cash and stock, boosting the radio and television broadcaster's ability to sell ads in markets where it has stations.
August 4, 2003 |
A group of investors led by Hollywood billionaire Haim Saban has submitted a revived bid to buy a majority stake in German television broadcaster ProSiebenSat.1 Media, industry sources said Sunday. The bid for 72% of ProSieben's vote-wielding ordinary shares, owned by insolvent German media group KirchMedia, will be discussed by Kirch creditors Tuesday, the sources said. "It's a much better offer than was on the table a few weeks ago," one source said.
July 16, 1985 |
The founding family of Levi Strauss & Co., which last week said it was exploring a plan to convert the San Francisco-based company to private ownership, Monday made a formal bid to pay $1.45 billion in cash for 29 million shares, or 78% of the firm's outstanding stock. Robert D. Haas, Levi's president and chief executive and great-great-grandnephew of the company's founder, presented the $50-a-share leveraged buy-out offer at a special board meeting held Monday morning.
March 9, 2006 |
VNU, Dutch owner of research company ACNielsen, accepted a $9-billion cash takeover offer by private equity firms, but the deal looked doomed to failure after an icy reception from investors. The private equity firms, in an agreement announced Wednesday, raised their bid slightly to $34.23 a share, but VNU shares were trading at a 4.8% discount to the value of the offer -- signaling market doubts that the takeover would succeed.
April 30, 2005 |
Shares of Sun Microsystems Inc. rose as much as 16% on Friday on takeover speculation as investors mulled over the future of the once-highflying computer maker. The stock shot up from $3.44 to $3.98 after online reports claimed Chief Executive Scott McNealy was considering taking the company private with the help of buyout firm Silver Lake Partners.
April 26, 2005 |
Stocks continued their recent seesaw trading pattern Monday, as major indexes recovered much or all of Friday's losses, helped by takeover announcements and some upbeat data on home sales. Lower oil prices and stable bond yields supported share prices. But some analysts said low trading volume made them cautious about the staying power of Monday's rally. The Dow Jones industrial average gained 84.76 points, or 0.8%, to 10,242.47, after sliding nearly 61 points Friday.
March 4, 2006 |
Two groups of private investment firms that have been weighing takeover offers for newspaper chain Knight Ridder Inc. appear to be fading as serious contenders for the San Jose-based company. A group made up of Kohlberg Kravis Roberts & Co., Blackstone Group and Providence Equity Partners and a second composed of Bain Capital, Hellman & Friedman, Thomas H.