Advertisement
YOU ARE HERE: LAT HomeCollectionsJ H Whitney Co
IN THE NEWS

J H Whitney Co

FEATURED ARTICLES
ARTICLES BY DATE
BUSINESS
February 3, 2007 | Daniel Yi and Tom Petruno, Times Staff Writers
A private investment group that owns more than a quarter of Herbalife Ltd., the Century City-based direct seller of nutritional and weight-loss supplements, has made a bid for the entire company, Herbalife said Friday. J.H. Whitney & Co., which took Herbalife private in 2002 when it purchased the company with another investor, offered $38 a share in cash this time, valuing the company at $2.7 billion.
Advertisement
BUSINESS
July 7, 1989 | DAVID OLMOS
Will MAI Basic Four Inc. raise its bid for Prime Computer Inc. or won't it? An answer to that question could come as early as today. MAI, a Tustin computer maker, is expected to announce soon whether it will continue its hostile takeover bid for the Natick, Mass., minicomputer company. MAI's $1.1-billion tender offer for Prime was set to expire at midnight Thursday.
BUSINESS
October 11, 2000
Los Angeles-based California SunCare Inc., a private-label maker of sun-care products sold in salons, has been sold to a group of private-equity and strategic investors led by Whitney & Co. Terms were not disclosed.
BUSINESS
July 12, 1989 | David Olmos, Times staff writer
Once again, MAI Basic Four Inc., a Tustin computer maker, has extended its $1.1-billion tender offer for Prime Computer Inc. MAI's offer for Prime was recently topped by a New York venture capital firm, and industry analysts have been expecting the firm either to raise its offer or drop its bid. But MAI officials gave no indication Tuesday in which direction the company is heading. MAI has said that it intended to top the rival bid.
BUSINESS
August 4, 1989 | From Associated Press
J. H. Whitney & Co., under pressure from its banks, said Thursday that it had entered negotiations to reduce its $1.2-billion offer for Prime Computer Inc. Such a development might open the way for MAI Basic Four Inc. of Tustin to again enter the bidding for Prime, which it began last November and subsequently modified greatly. Whitney said two of its banks asked it to obtain more financing after Prime, a Natick, Mass.-based minicomputer maker, reported a $19-million quarterly loss last week.
BUSINESS
August 23, 1989 | From Associated Press
J. H. Whitney & Co. officials announced Tuesday that they expected to complete within 10 days a $1-billion-plus takeover of Prime Computer Inc., which has been battling Tustin, Calif.-based MAI Basic Four's hostile buyout offer and losing money for nearly a year. Whitney partner Russell E. Planitzer said James F. McDonald would be named Prime's new president after the tender offer for 79% of Prime's shares is completed at the annual board meeting Thursday.
BUSINESS
July 27, 1989 | DAVID OLMOS, Times Staff Writer
Prime Computer's plan to escape a hostile tender offer ran into a potential snag Wednesday when two banks asked Prime's "white knight," J. H. Whitney & Co., to raise more financing for its $1.4-billion buyout of the Massachusetts computer maker. Prime also postponed its annual meeting for the third time, saying it wanted to give shareholders more time to study a rival offer from MAI Basic Four, a Tustin computer maker.
BUSINESS
August 5, 1989 | DAVID OLMOS, Times Staff Writer
The nine-month battle for control of Prime Computer appeared headed to a conclusion Friday when the company's board reluctantly accepted a reduced tender offer from J. H. Whitney & Co. The approval of the cash-and-securities bid--valued by analysts at $1.2 billion, or $18.50 a share--was a blow to MAI Basic Four, a Tustin computer company that has wooed much larger Prime since November. Prime, a Natick, Mass.
BUSINESS
July 28, 1989 | GREGORY CROUCH, Times Staff Writer
MAI Basic Four gave up Thursday its hard-fought effort to acquire all of Prime Computer but said it would pursue an acquisition of the Massachusetts company's minicomputer division. The announcement winds down a fierce takeover battle begun eight months ago by Tustin-based MAI that has cost the two companies at least $60 million in legal and administrative expenses.
BUSINESS
August 23, 1989 | From Associated Press
J. H. Whitney & Co. officials announced Tuesday that they expected to complete within 10 days a $1-billion-plus takeover of Prime Computer Inc., which has been battling Tustin, Calif.-based MAI Basic Four's hostile buyout offer and losing money for nearly a year. Whitney partner Russell E. Planitzer said James F. McDonald would be named Prime's new president after the tender offer for 79% of Prime's shares is completed at the annual board meeting Thursday.
BUSINESS
August 5, 1989 | DAVID OLMOS, Times Staff Writer
The nine-month battle for control of Prime Computer appeared headed to a conclusion Friday when the company's board reluctantly accepted a reduced tender offer from J. H. Whitney & Co. The approval of the cash-and-securities bid--valued by analysts at $1.2 billion, or $18.50 a share--was a blow to MAI Basic Four, a Tustin computer company that has wooed much larger Prime since November. Prime, a Natick, Mass.
BUSINESS
August 4, 1989 | From Associated Press
J. H. Whitney & Co., under pressure from its banks, said Thursday that it had entered negotiations to reduce its $1.2-billion offer for Prime Computer Inc. Such a development might open the way for MAI Basic Four Inc. of Tustin to again enter the bidding for Prime, which it began last November and subsequently modified greatly. Whitney said two of its banks asked it to obtain more financing after Prime, a Natick, Mass.-based minicomputer maker, reported a $19-million quarterly loss last week.
BUSINESS
July 28, 1989 | GREGORY CROUCH, Times Staff Writer
MAI Basic Four gave up Thursday its hard-fought effort to acquire all of Prime Computer but said it would pursue an acquisition of the Massachusetts company's minicomputer division. The announcement winds down a fierce takeover battle begun eight months ago by Tustin-based MAI that has cost the two companies at least $60 million in legal and administrative expenses.
BUSINESS
July 27, 1989 | DAVID OLMOS, Times Staff Writer
Prime Computer's plan to escape a hostile tender offer ran into a potential snag Wednesday when two banks asked Prime's "white knight," J. H. Whitney & Co., to raise more financing for its $1.4-billion buyout of the Massachusetts computer maker. Prime also postponed its annual meeting for the third time, saying it wanted to give shareholders more time to study a rival offer from MAI Basic Four, a Tustin computer maker.
BUSINESS
July 21, 1989 | DAVID OLMOS, Times Staff Writer
MAI Basic Four, frustrated in its bid to buy Prime Computer Inc. outright, offered Thursday to buy a piece of the Massachusetts computer maker for $600 million in cash and securities. Industry analysts said the new bid indicates that Tustin-based MAI had difficulty topping a $1.4-billion offer made by J. H. Whitney & Co., a New York venture capital firm. Prime tentatively agreed last month to be acquired by Whitney.
BUSINESS
June 24, 1989 | DAVID OLMOS, Times Staff Writer
Prime Computer, avoiding a determined hostile takeover bid from Tustin-based MAI Basic Four, said Friday that it has agreed to be acquired by a New York venture capital company in a friendly deal valued at about $1.4 billion. Prime, a minicomputer maker, said its directors unanimously approved an offer from J.H. Whitney & Co., one of the nation's oldest venture capital concerns. Whitney said it will purchase up to 79% of Prime's shares for $21.50 per share. In reaction to the news, Prime stock climbed $3.125 to $19 per share in New York Stock Exchange trading, apparently on the expection that the deal will be completed.
BUSINESS
July 21, 1989 | DAVID OLMOS, Times Staff Writer
MAI Basic Four, frustrated in its bid to buy Prime Computer Inc. outright, offered Thursday to buy a piece of the Massachusetts computer maker for $600 million in cash and securities. Industry analysts said the new bid indicates that Tustin-based MAI had difficulty topping a $1.4-billion offer made by J. H. Whitney & Co., a New York venture capital firm. Prime tentatively agreed last month to be acquired by Whitney.
BUSINESS
July 12, 1989 | David Olmos, Times staff writer
Once again, MAI Basic Four Inc., a Tustin computer maker, has extended its $1.1-billion tender offer for Prime Computer Inc. MAI's offer for Prime was recently topped by a New York venture capital firm, and industry analysts have been expecting the firm either to raise its offer or drop its bid. But MAI officials gave no indication Tuesday in which direction the company is heading. MAI has said that it intended to top the rival bid.
Los Angeles Times Articles
|