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Joy Technologies

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BUSINESS
June 25, 1987
The Pittsburgh firm's shareholders approved a $620-million leveraged buyout by a group of investors associated with the investment firm Adler & Shaykin. Each Joy common share will be exchanged for 1.75 shares of redeemable preferred stock in the new company, which will be called Joy Technologies. Each preferred share in Joy would have an annual dividend rate of $3.25.
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BUSINESS
June 25, 1987
The Pittsburgh firm's shareholders approved a $620-million leveraged buyout by a group of investors associated with the investment firm Adler & Shaykin. Each Joy common share will be exchanged for 1.75 shares of redeemable preferred stock in the new company, which will be called Joy Technologies. Each preferred share in Joy would have an annual dividend rate of $3.25.
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BUSINESS
April 29, 1989 | From Associated Press
Mobil Corp., long a proponent of doing business in South Africa, said Friday that it is leaving the racially divided nation after 90 years of business there and will take a net loss of $140 million on the move. The withdrawal of Mobil, the largest American company doing business in South Africa, leaves 135 other American companies still operating there, according to the Washington-based Investor Responsibility Research Center, a not-for-profit association funded by institutional investors.
BUSINESS
February 26, 1993 | ALEXEI BARRIONUEVO, TIMES STAFF WRITER
Standing near the hors d'oeuvres table at a downtown Los Angeles hotel, dapper South African businessman Dries Groenewald downplayed the importance of the first trade mission from his country to the United States since 1986. "You cannot just charge in and expect things to happen," said Groenewald, chairman of Paradigm, a South African manufacturer of computer software.
BUSINESS
March 19, 1992 | GEORGE WHITE, TIMES STAFF WRITER
Touting its mandate from white voters to end apartheid and share power with South Africa's black majority, the South African government moved quickly Wednesday to step up efforts to obtain private investment and financing from the United States.
REAL ESTATE
June 12, 1988 | DAVID M. KINCHEN, Times Staff Writer
In the decade since Proposition 13 was overwhelmingly approved by Californians upset by skyrocketing property taxes, aggressive redevelopment has been one way cities have been able to survive and even thrive. Nowhere is this more evident than in the San Gabriel Valley community of Monrovia, according to James E. Starbird, city manager and executive director of the Monrovia Redevelopment Agency. "Our redevelopment process began in 1973--well before the passage of Prop.
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