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Jefferson Smurfit Corp

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BUSINESS
August 5, 1989 | a Times Staff Writer
Jefferson Smurfit Group and Morgan Stanley on Friday announced a complicated financial restructuring that would unite two major paper producers under one corporate umbrella and would bring the corporate investors more than $1.5 billion in cash. In the first of three steps of the proposed plan, Jefferson Smurfit Group of Dublin, Ireland, and an investment fund affiliated with Morgan Stanley & Co., a New York investment banking firm, would buy the publicly held shares of Jefferson Smurfit Corp.
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BUSINESS
November 12, 1998 | Bloomberg News
Danaher Corp. (ticker symbol: DHR), a Washington-based maker of tools and auto components, will replace Stone Container Corp. in the Standard & Poor's 500 index at the close of trading Tuesday. Jefferson Smurfit Corp. is acquiring Stone Container, and the transaction is expected to close that day. Stocks of companies that join the S&P 500 sometimes get a boost because mutual funds that seek to track the blue-chip index must buy shares. Danaher closed unchanged Wednesday at $40.
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BUSINESS
November 12, 1998 | Bloomberg News
Danaher Corp. (ticker symbol: DHR), a Washington-based maker of tools and auto components, will replace Stone Container Corp. in the Standard & Poor's 500 index at the close of trading Tuesday. Jefferson Smurfit Corp. is acquiring Stone Container, and the transaction is expected to close that day. Stocks of companies that join the S&P 500 sometimes get a boost because mutual funds that seek to track the blue-chip index must buy shares. Danaher closed unchanged Wednesday at $40.
BUSINESS
August 5, 1989 | a Times Staff Writer
Jefferson Smurfit Group and Morgan Stanley on Friday announced a complicated financial restructuring that would unite two major paper producers under one corporate umbrella and would bring the corporate investors more than $1.5 billion in cash. In the first of three steps of the proposed plan, Jefferson Smurfit Group of Dublin, Ireland, and an investment fund affiliated with Morgan Stanley & Co., a New York investment banking firm, would buy the publicly held shares of Jefferson Smurfit Corp.
BUSINESS
May 11, 1998
* Jefferson Smurfit Corp. and Stone Container Corp. said they signed a definitive merger deal that will create a paper-based packaging provider with sales exceeding $8 billion a year.
BUSINESS
March 7, 1986
Times Mirror Executive Vice President Phillip L. Williams was named to the board of directors of Jefferson Smurfit Corp. Smurfit, an Illinois paperboard and packaging products company, recently acquired 80% of Times Mirror's newsprint subsidiary, Publishers Paper Co., for $150 million. Times Mirror, publisher of the Los Angeles Times, retained 20%.
CALIFORNIA | LOCAL
June 2, 1998 | ERIC RIMBERT
A telephone-book recycling drive sponsored by the city Bureau of Sanitation and Pacific Bell begins today and runs through July 15. For residents and businesses in communities such as Canoga Park, Woodland Hills and Tarzana with no curbside collection, temporary drop-off locations have been established at Los Angeles city libraries.
BUSINESS
August 30, 1988 | CHRIS KRAUL, San Diego County Business Editor
In a move that illustrates the "second wave" of multinational manufacturers to Mexican maquiladoras, Container Corp. of America said Monday it will set up a Tijuana plant to assemble shipping boxes for several of its television and toy manufacturer customers already located there. The nation's second-largest maker of corrugated paper containers, Container Corp. of America is 50% owned by Jefferson Smurfit Corp., a St. Louis-based paper and packaging concern.
CALIFORNIA | LOCAL
October 16, 1992 | JIM HERRON ZAMORA, TIMES STAFF WRITER
Burbank opened a new facility Thursday that will expand the city's recycling capacity fivefold and probably allow the city to meet state-mandated recycling targets several years before deadline. The city-owned Burbank Recycling Center, which will make recycling easier for residents, was praised by state and local officials during a dedication ceremony and public tour. "For a city this size, this is clearly one of the best in the state," said Jesse R.
BUSINESS
December 6, 1985 | THOMAS B. ROSENSTIEL, Times Staff Writer
Times Mirror said Thursday that it has agreed to sell 80% of its Publishers Paper division to Jefferson Smurfit Corp., an Illinois paperboard and packaging products company, for $150 million. The sale would divest Times Mirror of much of its newsprint and wood products operations, a goal of the company for several months. In addition to a 20% stake in Publishers Paper, however, Times Mirror would retain 272,000 acres of timberland in Oregon and Washington and its government lumber contracts.
BUSINESS
November 25, 1998 | From Times Wire Services
International Paper Co., the world's largest paper producer, said Tuesday that it is buying smaller rival Union Camp Corp. for $4.9 billion, joining the wave of U.S. paper producers desperately seeking to slash costs amid slumping prices and booming Asian imports. Union Camp shareholders would get stock valued at $71 a share, or 45% more than Monday's closing price. International Paper, with 1997 sales of $20.1 billion, would also assume $1.7 billion of Union Camp debt. Wayne, N.J.
BUSINESS
October 4, 1995 | From Associated Press
In court documents unsealed Tuesday, Procter & Gamble Co. alleged that Bankers Trust New York Corp. defrauded P&G and eight other customers, causing them to lose hundreds of millions of dollars. The 750-page documents are the most detailed account of the company's dealings with Bankers Trust to be made public. They paint a picture of greedy and deceptive practices.
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