October 14, 1987 |
Holly Sugar Corp. today said it has agreed to be acquired by New York-based Plum Associates for a sweetened $95 a share, or $106 million. The deal has been approved by Holly's board of directors, Holly officials said in a statement. The announcement came one day after the Colorado-based Holly Sugar, one of the nation's leading sugar producers, postponed its annual board of directors meeting after receiving a second bid from Imperial Sugar Co. of Sugar Land, Texas.
June 9, 1987
Brookehill Equities, a New York investment firm that owns 10% of the Colorado Springs, Colo.-based sugar processor, offered $70 in cash and $40 in securities, or $110.9 million, for the shares it doesn't already own. Two other groups, Burbank-based Shamrock Holdings and a group led by Holly management, have previously made offers for the firm.
March 19, 1988 |
An explosion and flash fire in the warehouse of a sugar refinery in Santa Maria burned seven workers Friday, three critically, Santa Barbara County Fire Department officials said. The explosion rocked the second floor of the six-story brick Union Sugar Co. warehouse, where about 45 men were sorting and bagging sugar.
December 1, 1991 |
Manufacturing firms in Southern California legally put about 50 million pounds of toxic compounds into the air in 1990, 10% less than a year earlier, according to reports filed by the companies. The materials include chemicals that contribute to smog, deplete the Earth's protective ozone layer and are suspected of causing cancer and reproductive harm. In 1990, 110 manufacturers emitted at least 100,000 pounds each. Eighteen discharged more than 500,000 pounds, the company reports to the U. S.