December 9, 2000 |
Johns Manville Corp. said its previously announced merger pact with an investor group led by affiliates of Hicks, Muse, Tate & Furst Inc. has terminated. The companies agreed to break off the agreement because of weak industry conditions, an increasingly negative outlook for the economy and unfavorable financing markets, the Denver-based maker of building materials said.
December 3, 1996
An unidentified affiliate of Dallas-based leveraged-buyout firm Hicks, Muse, Tate & Furst Inc. agreed to buy Zycon Corp. for $179.6 million, the firm's third recent plan to purchase a circuit board maker. The affiliate would pay $16.25 a share for Santa Clara-based Zycon, whose shares surged $3.50 to $16 on Nasdaq. In October, Hicks Muse bought Montreal-based Circo Craft Co. for $124.1 million and has completed the $200-million purchase of Lucent Technologies Inc.'s circuit board business.
March 9, 2004 |
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.
April 24, 1998 |
Hicks, Muse, Tate & Furst Inc. agreed to buy most of Home Interiors & Gifts Inc. for $920 million, betting that the company can become one of the nation's largest direct-sales marketers. Hicks Muse said the acquisition, for $170 million in cash, $275 million in equity and $475 million in assumed debt, will give the closely held investment firm about 65% of Home Interiors, which had 1997 sales of $468 million. It sells products nationwide through about 48,000 independent representatives.
October 18, 1996 |
Partnership to Buy Triad: A partnership led by Dallas-based Hicks, Muse, Tate & Furst Inc. said it will buy Triad Systems Corp., a maker of computer systems for auto parts and hardware stores, in a deal worth $300 million. Hicks, Muse and its partner, Cooperative Computing Inc., said they will begin a direct offer to Triad shareholders of about $181.2 million. The offer represents a 68% premium over Triad's closing price Wednesday of $5.50 a share. Triad shares surged $4 to $9.50 on Nasdaq.
August 13, 1997 |
Buyout firm Hicks, Muse, Tate & Furst Inc. agreed to buy LIN Television Corp., the nation's 22nd-largest TV group, for about $1.7 billion, or $47.50 a share, in cash, the companies said. That is more than 2% below LIN's closing share price of $48.63, up 75 cents, on Nasdaq. Providence, R.I.-based LIN owns and operates eight network-affiliated TV stations; its flagship station is KXAS, the NBC affiliate in Dallas. LIN was formed in December 1994 as a spinoff from LIN Broadcasting Corp. AT&T Corp.