Advertisement
YOU ARE HERE: LAT HomeCollectionsMergers And Acquisitions
IN THE NEWS

Mergers And Acquisitions

FEATURED ARTICLES
BUSINESS
April 7, 2010 | By Nathaniel Popper
Goldman Sachs Group Inc.'s public relations problems don't seem to be hurting its ability to do business. In the first quarter of this year, as its image woes intensified, the firm had more success than any other investment bank in attracting clients, data tracker Dealogic reported Tuesday. Goldman was the most popular bank for advising clients involved in mergers and acquisitions -- up from No. 3 last year, Dealogic said. The bank came in second in the rankings of firms in the capital markets sector, which includes underwriting stock offerings.
ARTICLES BY DATE
BUSINESS
February 14, 2014 | By Ricardo Lopez
Jos. A. Bank Clothiers Inc., the repeated target of an acquisition by Men's Wearhouse, said Friday it will buy retailer Eddie Bauer in a deal worth $825 million in cash and stock.  Jos. A. Bank, the Hampstead, Md.-company, said it will pay $564 million in cash and about 4.7 million new shares at $56 a share to Eddie Bauer's owner, Golden Gate Capital, a private-equity firm, which will own nearly 17% of Jos. A. Bank shares. The company said it has been looking for companies to acquire in recent years, and said Eddie Bauer was one of its first choices.  "The acquisition of Eddie Bauer solidifies Jos. A. Bank's leadership in men's apparel and adds new categories such as women's apparel and footwear, to create a powerful, diversified, multi-branded retail platform," Jos. A. Bank said in a statement.
Advertisement
BUSINESS
February 15, 1989 | James S. Granelli, Times staff writer
For the second year in a row, Geneva Corp. in Irvine initiated and closed more mergers and acquisitions than any company in the nation, according to Corporate Financing Week. Geneva was involved in 80 corporate purchases last year, compared to 50 mergers and acquisitions it arranged the previous year, the trade publication reported. Its nearest competitor, Henry Ansbacher Group, completed 45 transactions last year, according to the publication.
ENTERTAINMENT
September 3, 2013 | By Christie D'Zurilla
Katie Couric is newly engaged to John Molner, her banker boyfriend of nearly two years. Molner, 50, proposed to Couric, 56, at sunset on the beach in East Hampton, N.Y., according to People magazine, which said he popped for a "spectacular" diamond ring. "Yes it's true!," the journalist-turned-talk show host tweeted early Tuesday. "So touched by all the kind Tweets & warm wishes-thank you! A great end to the summer & looking fwd to seeing you all Monday!!" (That's the day Couric's show "Katie" starts its second season.)
BUSINESS
January 6, 1988 | Associated Press
American Credit Card Telephone became CardTel. Sickroom Service Co. changed to Healthcall Inc. And United Virginia Bankshares became Crestar Financial. These were three of the more arresting transformations last year as a record 1,753 American corporations changed names, up 27% from the previous year, a new survey said Wednesday. The identity consulting firm Anspach Grossman Portugal Inc.
BUSINESS
February 2, 1988 | JAMES S. GRANELLI, Times Staff Writer
The Geneva Cos., a Costa Mesa firm that handles mergers and acquisitions, initiated and closed more deals than anyone else in 1987, according to a ranking published Monday by an industry newsletter. Geneva was credited with initiating 50 mergers and acquisitions last year, far surpassing London-based Henry Ansbacher with 36 deals and Wall Street stalwarts such as PaineWebber with 33, Drexel Burnham Lambert with 26 and Kidder Peabody with 21.
BUSINESS
October 13, 1999 | Bloomberg News
Merrill Lynch & Co., PaineWebber Inc. and Donaldson, Lufkin & Jenrette surprised analysts with better-than-expected third-quarter earnings, benefiting from a rebound in securities markets and higher asset-management fees. Merrill, the nation's largest brokerage, said its profit from operations more than quadrupled to $1.34 a share, beating the $1.29 forecast by nine analysts surveyed by First Call Corp.
BUSINESS
January 3, 2009 | Dana Hedgpeth
What a difference a year makes. With the virtual collapse of credit markets and the drying up of money from private equity firms, 2008 turned out to be a very slow year for mergers and acquisitions. Globally, there were 37,445 deals, totaling $3.3 trillion, down 29% from record volume in 2007, according to Dealogic, a data research firm in New York. In the United States the value of deals dropped 29% to $1.1 trillion.
ENTERTAINMENT
September 3, 2013 | By Christie D'Zurilla
Katie Couric is newly engaged to John Molner, her banker boyfriend of nearly two years. Molner, 50, proposed to Couric, 56, at sunset on the beach in East Hampton, N.Y., according to People magazine, which said he popped for a "spectacular" diamond ring. "Yes it's true!," the journalist-turned-talk show host tweeted early Tuesday. "So touched by all the kind Tweets & warm wishes-thank you! A great end to the summer & looking fwd to seeing you all Monday!!" (That's the day Couric's show "Katie" starts its second season.)
CALIFORNIA | LOCAL
September 22, 1987
In a quick, anticlimactic ruling, a federal judge Monday dismissed three lawsuits involving Orange County's operation of John Wayne Airport, including one suit brought by the county itself 2 1/2 years ago. Deputy Orange County Counsel Daniel J. Didier said the issues in the lawsuits had been settled previously, and as a result, "there was nothing controversial today." Didier said the key suit dismissed by U.S. District Judge Terry J. Hatter Jr.
BUSINESS
February 13, 2013 | By Hugo Martín, Los Angeles Times
A long-anticipated merger of American Airlines and US Airways is expected to be announced Thursday after weeks of closed-door negotiations, according to people briefed on the deal. The transaction would create the nation's largest carrier and cap an era of consolidation in a troubled industry. The marriage of American, based in Fort Worth, and its smaller competitor based in Tempe, Ariz., would form an airline valued at $11 billion. The union would be the latest in a string of mergers and acquisitions in an industry struggling to stay airborne amid fluctuating fuel costs, labor strife and economic turbulence.
BUSINESS
March 1, 2012 | By Tiffany Hsu
With more cash on hand than ever as well as low interest rates, companies are likely to boost their merger and acquisition activity this year, according to a new report. Of the 825 executives surveyed by audit and tax advisory firm KPMG and the research arm of the University of Pennsylvania's Wharton School, Knowledge@Wharton, 34% said they're feeling more optimistic about deal-making this year. About four in 10 feel the same as they did last year; only 2% are significantly less hopeful.
BUSINESS
May 18, 2011 | Michael Hiltzik
Jim Freedman and his partners have been here before. "We call this Act Three," he told me one day recently from the Westside high-rise office of Intrepid Investment Bankers, his new firm devoted to mergers and acquisitions in the regional middle market (think companies with $20 million to $200 million in sales). The first act was Barrington Associates, which Freedman, 58, started in 1982, four years after obtaining his MBA from UCLA's Anderson School of Management. Barrington addressed the same middle market, which was then served by a clutch of small local investment banks filling the vacuum left by big national institutions with expensive overhead, firms whose radar screens didn't aim that low. FOR THE RECORD: In an earlier online version of this article, the subheadline erred in stating that clients of Barrington Associates had been left in the lurch after the firm's 2006 acquisition by Wells Fargo.
BUSINESS
April 7, 2011 | By David Sarno, Los Angeles Times
With confidential information plundered from some of New York's most prestigious law firms, a corporate finance attorney, a Wall Street trader and a "middleman" bought hundreds of thousands of shares in companies about to be acquired, selling them when the deals were done to net millions of dollars in instant profit, federal officials allege. After each haul — totaling at least $32 million over nearly 17 years, according to federal investigators — the men met in Atlantic City casinos, where they believed they could share their large cash spoils without attracting attention.
BUSINESS
April 7, 2010 | By Nathaniel Popper
Goldman Sachs Group Inc.'s public relations problems don't seem to be hurting its ability to do business. In the first quarter of this year, as its image woes intensified, the firm had more success than any other investment bank in attracting clients, data tracker Dealogic reported Tuesday. Goldman was the most popular bank for advising clients involved in mergers and acquisitions -- up from No. 3 last year, Dealogic said. The bank came in second in the rankings of firms in the capital markets sector, which includes underwriting stock offerings.
BUSINESS
March 19, 2009 | Don Lee and David Pierson
Coca-Cola Co.'s $2.4-billion bid to buy China Huiyuan Juice Group, rejected Wednesday by the Chinese government, is the biggest of a growing number of failed mergers and acquisitions in Asia. Analysts say the decision could hurt efforts by Chinese companies -- both state-owned firms and private ones -- to buy companies and assets around the globe.
BUSINESS
January 8, 1986 | From Reuters
Billion-dollar mergers were all the rage on Wall Street last year, and takeover experts predict that the pace will continue into at least the first part of 1986. The journal Mergers and Acquisitions estimates that there were 2,295 transactions completed in 1985 with a total value of $125 billion. That's slightly more than the $124.8 billion for 2,999 acquisitions in 1984 but substantially higher than the $52.2-billion total for 1983.
BUSINESS
December 5, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
Geneva Cos., a leading mergers and acquisitions company, has been sold by its New York parent company to a group of Manhattan investors for an undisclosed price. Chemical Bank sold the Irvine firm late Tuesday to investors D.H. Troob & Co., Loeb Holding Corp. and Robert Lawrence Kuhn. David H. Troob and Kuhn took the posts of Geneva's chairman and president, respectively.
BUSINESS
January 3, 2009 | Dana Hedgpeth
What a difference a year makes. With the virtual collapse of credit markets and the drying up of money from private equity firms, 2008 turned out to be a very slow year for mergers and acquisitions. Globally, there were 37,445 deals, totaling $3.3 trillion, down 29% from record volume in 2007, according to Dealogic, a data research firm in New York. In the United States the value of deals dropped 29% to $1.1 trillion.
BUSINESS
January 2, 2007 | Courtney Dentch, Bloomberg News
Goldman Sachs Group Inc. and investment bankers were winners in 2006 as a record $3.7 trillion in mergers and surging stock prices pushed Goldman's profit and Wall Street bonuses to new highs. Amaranth Advisors topped the losers list after bad energy trades drove it out of business in the biggest hedge fund collapse to date. More than 190 companies, including Apple Computer Inc., were caught in an options backdating scandal that has led to earnings restatements and government probes.
Los Angeles Times Articles
|