August 23, 1996 |
The Justice Department announced that the nation's largest corporate-owned day-care chain has agreed to admit diabetic children and monitor their blood sugar. The agreement settles claims that the KinderCare chain discriminated against children who have the disease. The American Diabetes Assn. and others brought a lawsuit against KinderCare on behalf of Jesi Stuthard, 3, after he was denied enrollment in Columbus, Ohio.
October 4, 1996 |
KinderCare Learning Centers Inc., the nation's biggest day-care chain, is being purchased by the investment firm Kohlberg Kravis Roberts & Co. in a $600-million deal, the companies said Thursday. The planned takeover calls for KinderCare stockholders to receive $20.25 a share in cash but allows some investors to retain their shares. After the deal is complete, KKR will own 85% of the company.
CALIFORNIA | LOCAL
June 9, 1999 |
The KinderCare preschool has been doing double duty since the Huntington Beach KinderCare location closed two weeks ago, due to mold found beneath the school's wallpaper. The closure forced about 140 preschoolers to be reassigned to the Fountain Valley site. It is not known when they will be allowed to return to the Huntington Beach location, company spokeswoman Kathi VanderZanden said. The mold was discovered during a planned renovation project.
November 9, 2004 |
It's a school reunion of sorts for junk bond pioneer Michael Milken. Shares of educational chain KinderCare Learning Centers Inc., a company that Milken helped to finance during the 1980s in his Drexel Burnham Lambert days, soared more than 100% on Monday after privately held Knowledge Learning Corp., which is majority owned by Milken and his brother, Lowell, said it would acquire KinderCare in a deal worth $1 billion.
March 1, 1993 |
With statistics on female business owners lacking, women's issues lost impact. A new council will change that. Here's one story that never got written. A Wall Street Journal article reported in November that women were dropping out of the labor force. Nearly 600,000 had left in five months, the article said, though no one was sure about where the women were going. It seemed like an intriguing story if local statistics could be found to describe any similar changes in this region.
October 19, 1990 |
A former mutual fund manager testified Thursday that Drexel Burnham Lambert's junk bond department arranged very profitable personal investments for him at the same time it pressured him to buy risky securities for his funds.