BUSINESS
April 26, 1986 | GREG JOHNSON, Times Staff Writer
Henley Group, the recently formed Allied-Signal spinoff, on Friday said it signed a definitive agreement to purchase San Diego-based Imed from Warner-Lambert Co. for $163.5 million. Imed, a medical technology firm that has 1,200 employees in San Diego, will join a Henley health technology division that includes Pittsburgh-based Fisher Scientific and Boston-based Instrument Laboratories, according to Henley Chairman Michael Dingman.
BUSINESS
September 22, 1988 | CHRIS KRAUL, San Diego County Business Editor
In a filing Wednesday with the Securities and Exchange Commission, Henley Group disclosed details of its previously announced plan to separate into two publicly held companies. The current Henley Group will be renamed Wheelabrator Group and will own all of Henley's refuse-to-energy assets, including its 60% stock ownership of Wheelabrator Technologies--a leading developer and operator of refuse-to-energy plants.
BUSINESS
August 8, 1987 | CHRIS KRAUL
Again downplaying the significance of its unbroken string of huge quarterly losses, Henley Group Inc. reported a $37 million loss on $913 million in revenue for the second quarter ended June 30. So far this year, Henley has lost $120 million on sales of $1.8 billion.
BUSINESS
July 10, 1987 | CHRIS KRAUL, San Diego County Business Editor
Henley Group Inc. announced Thursday it will spinoff a minority interest in its wholly owned Wheelabrator Technologies Inc. subsidiary in an initial public offering of Wheelabrator common stock that could raise up to $138 million. An owner-operator of six trash-to-energy plants with 10 more under construction or in planning stages, Wheelabrator posted pro forma net income of $4.8 million on sales of $849.2 million for the fiscal year ended Dec. 31.
BUSINESS
March 19, 1988 | CHRIS KRAUL, San Diego County Business Editor
In what was widely interpreted as surrender in its eight-month effort to take over Santa Fe Southern Pacific Corp., Henley Group said Friday that it is abandoning its plan to mount a proxy fight to gain representation on SFSP's board. The disclosure, made in a filing Friday with federal securities regulators, followed a series of setbacks for Henley in its attempt to take over SFSP, a Chicago-based energy, transportation and real estate concern. Henley is SFSP's largest shareholder, with 15.
BUSINESS
November 28, 1987 | CHRIS KRAUL, San Diego County Business Editor
In a deal that is coincident with its efforts to raise money for a possible acquisition of Santa Fe Southern Pacific Corp., Henley Group has signed a letter of intent to sell its M. W. Kellogg Co. subsidiary to Dresser Industries of Dallas.