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.
September 13, 1997 |
NBC and Hicks, Muse, Tate & Furst Inc. are reportedly in talks about forming a partnership that would own two television stations and forge long-term ties between the top-rated network and one of the nation's biggest station owners. NBC would contribute its station in San Diego and an undisclosed amount of cash and debt to the partnership, said people familiar with the transaction.
August 7, 1999 |
Monsanto Co. said it had agreed to sell for an undisclosed amount of cash its cotton seed business to the Dallas-based buyout firm Hicks, Muse, Tate & Furst Inc., a move that may clear the way for Monsanto to complete its long-pending acquisition of cotton seed breeder Delta & Pine Land Co. In May, a year after St. Louis-based Monsanto and Delta & Pine agreed to merge, Delta's directors voted to extend the time frame for completing the deal to Dec.