January 6, 1988 |
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.
February 2, 1988 |
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.
October 13, 1999 |
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.
January 3, 2009 |
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.
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.
February 14, 2014 |
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.