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Joseph F Alibrandi

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BUSINESS
June 10, 1999 | RYAN CORMIER, TIMES STAFF WRITER
Whittaker Corp. said Wednesday that it will be acquired by British aerospace engineering company Meggitt for $358 million in cash, ending the Simi Valley company's yearlong search for a buyer. Meggitt would pay $28 a share, a 4.2% premium to Whittaker's closing price Tuesday of $26.87. On Wednesday, Whittaker's stock gained 63 cents to close at $27.50 on the New York Stock Exchange. Meggitt would also assume about $22 million in Whittaker debt.
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BUSINESS
June 10, 1999 | RYAN CORMIER, TIMES STAFF WRITER
Whittaker Corp. said Wednesday that it will be acquired by British aerospace engineering company Meggitt for $358 million in cash, ending the Simi Valley company's yearlong search for a buyer. Meggitt would pay $28 a share, a 4.2% premium to Whittaker's closing price Tuesday of $26.87. On Wednesday, Whittaker's stock gained 63 cents to close at $27.50 on the New York Stock Exchange. Meggitt would also assume about $22 million in Whittaker debt.
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CALIFORNIA | LOCAL
December 22, 1998
Whittaker Corp. in Simi Valley said sales from continuing operations for the year that ended Oct. 31 were $131.4 million, compared with $89.7 million for fiscal 1997. The operating profit from continuing operations was $39.3 million, compared with an operating loss of $10.8 million the previous year. "Whittaker had an outstanding year in 1998," said Joseph F. Alibrandi, chairman and chief executive officer.
CALIFORNIA | LOCAL
December 22, 1998
Whittaker Corp. in Simi Valley said sales from continuing operations for the year that ended Oct. 31 were $131.4 million, compared with $89.7 million for fiscal 1997. The operating profit from continuing operations was $39.3 million, compared with an operating loss of $10.8 million the previous year. "Whittaker had an outstanding year in 1998," said Joseph F. Alibrandi, chairman and chief executive officer.
BUSINESS
September 26, 1992 | DAN AKST
To monitor business' pulse on politics, The Times will present Southland executives' and business owners' opinions about the presidential election. This is the first in a series of snapshots. Name: Joseph F. Alibrandi Company: Whittaker Corp. Position: Chairman and chief executive Registration: Republican Q. Who are you going to vote for? A. George Bush Q. Why? A.
BUSINESS
October 4, 1994 | L.D. STRAUB, TIMES STAFF WRITER
Whittaker Corp., seeking to reduce its reliance on defense spending and further develop its commercial businesses, said Monday that Joseph F. Alibrandi will relinquish his post as chief executive in order to focus on long-term strategy. Thomas A. Brancati, 58, now the Los Angeles-based company's president and chief operating officer, will assume the chief executive post Jan. 1.
BUSINESS
December 29, 1985
Joseph F. Alibrandi has been elected chairman of Whittaker Corp., a position that has been vacant since the retirement of Eaton W. Ballard in 1982. Alibrandi, 56, will retain the title of chief executive. Alibrandi joined Whittaker in 1970 as executive vice president and chief operating officer. He became president and chief executive in 1974.
BUSINESS
June 10, 1986
The Los Angeles chemicals and health-care company did not disclose terms of the acquisition of REL Inc., a Boynton Beach, Fla., maker of electronic equipment and systems for the defense and communications industries. Whittaker Chairman Joseph F. Alibrandi said the acquisition of REL is consistent with Whittaker's growth strategy in the high-technology area.
BUSINESS
October 4, 1994 | L.D. STRAUB, TIMES STAFF WRITER
Whittaker Corp., seeking to reduce its reliance on defense spending and further develop its commercial businesses, said Monday that Joseph F. Alibrandi will relinquish his post as chief executive in order to focus on long-term strategy. Thomas A. Brancati, 58, now the Los Angeles-based company's president and chief operating officer, will assume the chief executive post Jan. 1.
BUSINESS
September 26, 1992 | DAN AKST
To monitor business' pulse on politics, The Times will present Southland executives' and business owners' opinions about the presidential election. This is the first in a series of snapshots. Name: Joseph F. Alibrandi Company: Whittaker Corp. Position: Chairman and chief executive Registration: Republican Q. Who are you going to vote for? A. George Bush Q. Why? A.
BUSINESS
February 23, 1985
The plunge in net income, to about $5.7 million from $14.9 million in the previous year, reflected the full impact of closing out Los Angeles-based Whittaker Corp.'s huge hospital operation in Saudi Arabia, President Joseph F. Alibrandi told Dow Jones news service. He said Whittaker expects to receive about $30 million in final payments from the Saudis "in the next couple of months." Revenue fell to about $276.4 million from $349.
BUSINESS
February 6, 1986
Los Angeles-based Whittaker Corp. will buy 86% of Zeta's stock from Computer & Communications Technology for $6.50 per share, or about $33.6 million, and will begin a cash tender offer for the remaining Zeta shares at the same price. The total purchase price will be about $39 million. The acquisition has been approved by the board of directors of each of the three companies. Joseph F. Alibrandi, chairman and chief executive of Whittaker, said the acquisition fits the company's growth strategy.
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