October 14, 2009 |
Dole Food Co. has lost half its value since billionaire David Murdock bought the company six years ago in a transaction valued at $2.5 billion. The large decline in the value of the Westlake Village food company was disclosed in Securities and Exchange Commission documents filed in conjunction with Dole's efforts to sell a 41% stake in the company to the public for about $14 a share. The offering values Dole at about $1.2 billion. Analysts who reviewed the transaction questioned whether the Dole offering would be a good deal for investors.
October 10, 2009 |
Dole Food Co., the world's largest producer of fresh fruit and vegetables, amended its initial public offering to say it might raise about $575 million, up from $500 million. Dole, which sells fresh bananas and pineapples, packaged spinach and canned fruit, plans to sell 35.7 million shares at $13 to $15 a share, according to a regulatory filing Friday. The underwriters have the option to purchase as many as 5.4 million additional shares. The Westlake Village company initially said it planned to raise about $500 million when it announced the stock sale in August.
August 6, 2009 |
After a decade, adult-film star Alexis Amore is looking to remove the Playboy bunny tattoo below her belly button. She also wants to get rid of a crown and the letter "a" on her wrists. "I got them when I was really young," said the petite 30-year-old. "I'm a little bit older and a little bit wiser now. And it's not very classy to have tattoos on your wrists and stomach." Amore, who goes by her stage name, is in the months-long process of getting rid of her ink at the Dr.
July 30, 2009 |
A firm set up by former Countrywide Financial Corp. executives to invest in troubled home loans fell short of its fundraising goal in an initial public stock sale Wednesday. PennyMac Mortgage Investment Trust priced 16 million shares at $20 each, raising $320 million. The trust had expected to sell 20 million shares at that price. Earlier this month, the Calabasas company had hoped to raise as much as $750 million.
May 20, 2009 |
This is just what online restaurant-reservations firm OpenTable Inc. wants to see: More hungry customers than it has seats to offer. Apparently strong investor interest in the firm's initial public stock offering spurred its underwriters Tuesday to raise the price range for the deal to $16 to $18 a share, from $12 to $14. The offering is expected to be priced sometime this week.
April 15, 2009 |
Taking the first steps to unwind its awkward 2005 marriage, EBay Inc. said Tuesday that it planned to spin off Internet phone service Skype through an initial public offering in 2010. The San Jose company said the divorce would allow it to focus on its core e-commerce business, which has struggled in the last year. It announced plans Monday to sell another acquisition, recommendation search engine StumbleUpon, back to its founders.
January 6, 2009 |
The recession brought the U.S. market for initial public stock offerings to a halt in the fourth quarter, closing the worst year for IPOs since 1977, the National Venture Capital Assn. said Monday. No companies backed by venture capitalists went public in the fourth quarter, and only six staged IPOs in all of 2008, the association said. Emerging businesses also had trouble merging with larger companies, with just 37 venture-backed firms selling themselves in the fourth quarter.
November 1, 2008 |
Amid the tightening credit market, theater operator AMC Entertainment Holdings Inc. has pulled the plug on its planned initial public offering. The Kansas City, Mo.-based company, whose lead investors include JP Morgan Partners and Apollo Management, said Friday in a filing with the Securities and Exchange Commission that it was withdrawing its $500-million stock offering.
June 20, 2008 |
Much of the pulp TV programming that RHI Entertainment Inc. churns out is a lampooner's dream. "Killer Wave." "Blood Monkey." "Black Swarm." You get the picture. That didn't stop investors from handing the New York-based production company $189 million in its initial public stock offering on Wednesday. But by the end of the stock's first session of trading, the people who bought in may have been feeling like one of the hapless victims in RHI's horror fare: "What was I thinking opening that door?"
June 18, 2008 |
No Emmy for this deal: TV-miniseries kingpin RHI Entertainment Inc. priced its initial public stock offering late Tuesday at $14 a share, below the $16-to-$18 range the company had hoped to get. RHI, based in New York, is the production house of the Halmi family -- legendary producer Robert Halmi Sr. and son Robert Jr. RHI was a public firm in the early 1990s until it was bought out by Hallmark Cards in 1994. The Halmis stayed on board under Hallmark's wing, producing a slew of content for the Hallmark Channel and for other outlets.