February 15, 1989 |
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.
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.
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.
February 13, 2013 |
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.
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.