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BUSINESS
March 9, 2004 | From Bloomberg News
Thomas O. Hicks, who built Hicks Muse Tate & Furst Inc. into the second-largest buyout firm before $2 billion in losses on telecommunications and media stakes helped drop it to ninth, will retire in March 2005. Co-founder John R. Muse, 53, will succeed Hicks, 58, the Dallas-based firm said in a statement.
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BUSINESS
May 7, 1991 | PATRICK LEE, TIMES STAFF WRITER
In the first major sale of assets since patriarch Armand Hammer's death last year, Occidental Petroleum Corp. said Monday that it has agreed to sell most of its natural gas liquids business to a joint venture with Dallas-based Hicks, Muse & Co. in a deal that will net it about $432 million. Occidental would retain half ownership of the joint venture, Trident Energy Inc.
BUSINESS
May 7, 1991 | PATRICK LEE, TIMES STAFF WRITER
In the first major sale of assets since patriarch Armand Hammer's death last year, Occidental Petroleum Corp. said Monday that it has agreed to sell most of its natural gas liquids business to a joint venture with Dallas-based Hicks, Muse & Co. in a deal that will net it about $432 million. Occidental would retain half ownership of the joint venture, Trident Energy Inc.
BUSINESS
March 9, 2004 | From Bloomberg News
Thomas O. Hicks, who built Hicks Muse Tate & Furst Inc. into the second-largest buyout firm before $2 billion in losses on telecommunications and media stakes helped drop it to ninth, will retire in March 2005. Co-founder John R. Muse, 53, will succeed Hicks, 58, the Dallas-based firm said in a statement.
BUSINESS
March 9, 1993 | From Times Staff and Wire Reports
Occidental Sells Interest in Trident: Los Angeles-based Occidental Petroleum said it will sell its interest in Trident NGL Inc. to Trident for about $121.5 million. Occidental, which has been pursuing a debt-reduction program, said that this would dispose of almost all its domestic natural gas liquids holdings. Trident is a joint venture of Occidental and Hicks, Muse & Co.
BUSINESS
October 4, 1989 | From Associated Press
ICH Corp. said Tuesday that it will sell all but its two largest insurance subsidiaries--including a $495-million deal with a Dallas-based group of investors--in a move to increase its book value, cash flow and earnings. The investor group, Hicks, Muse & Co. of Dallas, said it will buy operating companies with assets of $2 billion from ICH, which is based in Louisville, Ky. Hicks Muse offered last July to take over all of ICH for $425 million in cash and assumption of $1.
BUSINESS
November 2, 1993 | From Associated Press
The investment firm Hicks, Muse & Co. said Monday that it is buying G. Heileman Brewing Co., the fifth-largest U.S. brewer, for $390 million. Hicks Muse said it has signed a definitive agreement with Heileman, which is privately held. The deal is expected to be completed by mid-January. Heileman, based in La Crosse, Wis., has a 5% share of the U.S. beer market, with 1993 sales estimated at $900 million.
BUSINESS
May 9, 1991 | PATRICK LEE, TIMES STAFF WRITER
In its second major sale in a week, Occidental Petroleum Corp. said Wednesday that it will sell its North Sea oil and gas holdings to France's Societe Nationale Elf Aquitaine for $1.35 billion in cash. The sale, applauded by analysts and Wall Street investors, will put the company ahead of schedule in meeting its goal of cutting $3 billion of long-term debt under an ambitious restructuring instituted after the death of company patriarch Armand Hammer last December.
BUSINESS
October 5, 2000 | From Bloomberg News
Hicks Muse Tate & Furst Inc. and Kohlberg Kravis Roberts Inc. are discussing whether to cut their losses on a $1-billion bet on Regal Cinemas Inc. or up the ante by buying the theater chain's troubled rivals. With Regal bonds selling for 12 cents on the dollar and lenders pushing to get repaid, Hicks Muse co-founder Thomas Hicks said the two buyout firms, among the world's biggest, have deep enough pockets to help revive the business.
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