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Kelso Co

BUSINESS
May 22, 2004 | From Reuters
Texas natural gas tycoon Oscar Wyatt and his partners have agreed to buy Enron Corp.'s prized pipeline assets. The $1.8-billion deal, announced Friday, would put Wyatt back in the gas business and give the fallen energy giant cash to pay creditors. NuCoastal, a Wyatt-led consortium that includes affiliates of Citigroup Inc. and Kelso & Co., would also assume $430 million of CrossCountry Energy's debt.
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BUSINESS
May 26, 1999
Unilab Corp., California's biggest clinical laboratory testing company, agreed Tuesday to be acquired by closely held Kelso & Co. for about $420 million in cash and debt. Kelso, an investment company, will own about 93% of Unilab shares, buying them for $5.85 each in cash, a 20% premium to Monday's closing price of $4.88. Other shareholders will hold the remaining 7%. Fierce competition in the California clinical testing industry during the 1990s forced some companies into bankruptcy.
BUSINESS
July 23, 1988 | Associated Press
The "white knight" that rescued Arkansas Best Corp. from a hostile takeover bid with a friendly merger agreement says it was tendered about 85% of the trucking and furniture company's stock by a deadline of midnight Thursday. But Kelso & Co. extended its deadline until 4 p.m. EDT Monday because a power failure prevented delivery of all the shares and convertible debentures of Arkansas Best that had been tendered. The private merchant-banking firm had earlier extended the deadline until 3 p.m.
BUSINESS
September 27, 2007 | From the Associated Press
The owner of 134 Wendy's restaurants wants to bid for the nation's No. 3 hamburger chain with two private equity firms. David Karam, president of Cedar Enterprises Inc., said Wednesday that he and his partners had been invited by Wendy's International Inc. to a second round of talks. He is backed by Kelso & Co. and Oak Hill Capital Partners. "I've been involved in the brand," he said. "I see the great potential of it."
BUSINESS
October 12, 1985 | CARLA LAZZARESCHI, Times Staff Writer
American Hospital Supply Corp. said Friday that it has reached an agreement to sell its Irvine-based McGaw intravenous solution division to satisfy antitrust regulators reviewing its pending merger with Baxter Travenol Laboratories. Although American did not identify the buyer beyond noting that it was "a major health-care subsidiary of a multinational Fortune 100 company," analysts said speculation has centered on Kendall Co., a division of Colgate-Palmolive.
BUSINESS
March 6, 1990
House of Fabrics said its fiscal fourth-quarter profit climbed 18% from a year earlier on a 3% increase in sales. The Sherman Oaks-based operator of 628 retail fabric stores said net income in the quarter that ended Jan. 31 totaled $5.6 million, up from $4.73 million a year earlier, while its sales rose to $104.1 million from $100.8 million. For its full fiscal year, House of Fabrics' earnings slipped 3% to $11.1 million from $11.
BUSINESS
December 16, 2004 | James F. Peltz, Times Staff Writer
Shell Oil Co. said Wednesday that talks with the leading bidder for its Bakersfield refinery broke down, reviving the prospect that the plant could shut down next spring and pinch the state's tight gasoline market. The two sides "could not reach an agreement that offered terms and conditions acceptable to both parties," Lynn Laverty Elsenhans, president of Shell Oil Products US in Houston, said in a statement.
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