April 25, 2007 |
Welcome to Michael Milken's living room: a fire marshal's nightmare crammed full of people who have money or power, want money or power, or are willing to pay several thousand dollars to be near any and all of the above. At least 3,000 people are packed into this week's high-powered salon, which is not actually being held in Milken's Encino home (too small) but at his longtime haunt, the Beverly Hilton.
March 21, 2007 |
A partnership that includes former junk bond king Michael Milken is looking for investors interested in putting as much as $1 billion into its educationrelated ventures. Details of the offering were sketchy. However, a spokesman said Tuesday that Knowledge Universe Education had retained two investment banks to manage a private placement. About half of the offering has been placed. Milken, his brother Lowell and Steven Green, former U.S.
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 5, 2003 |
Aramark Corp., operator of Children's World Learning Centers, agreed to sell its Educational Resources unit to former junk bond king Michael Milken's Knowledge Learning Corp. to exit the child-care business. Aramark is selling the division for $225 million in cash and $40 million in a subordinated note, the Philadelphia-based company said. The education unit had $455.8 million in annual sales, accounting for 5.2% of Aramark's revenue. Thomas Heymann, the former president of Disney Store Inc.
June 25, 2002 |
LeapFrog Enterprises Inc., a developer of interactive-learning tools backed by Michael Milken and Oracle Corp. Chairman Larry Ellison, on Monday filed details for a proposed initial public stock sale. The firm, based in Emeryville, Calif., said it hoped to sell 9 million Class A shares at $13 to $16 each, raising as much as $138 million to repay debt and fund growth. The details were in a Securities and Exchange Commission filing.
February 28, 2001 |
A New York appeals court has upheld the dismissal of a $35-million libel suit against the author and publisher of "Den of Thieves," a book about former junk bond king Michael Milken and the insider trading scandals of the 1980s. The lawsuit was filed in 1992 by Michael F. Armstrong, the attorney for Milken's brother, Lowell.
February 16, 2001 |
Three enigmatic Los Angeles investors--former Michael Milken associate Gary Winnick, Staples Center and Kings owner Philip Anschutz and distressed debt specialist Oaktree Capital Management--are emerging as white knights for the nation's troubled theater chains. Two of the leading cinema chains--Loews Cineplex Entertainment Corp. and Edwards Theatres Circuit Inc.--agreed Thursday to be bailed out by separate investment groups made up of these players.
January 17, 2001 |
On one side, a powerful, immensely rich man with important friends and a history of good deeds. On the other side, an egregious case of securities fraud and a high-profile federal indictment. These are the contending forces weighing on President Clinton's mind as he decides whether to grant a pardon for financier Michael Milken.
January 13, 2001 |
President Clinton met with White House lawyers Friday to discuss granting additional pardons before he leaves office, including a possible pardon for Michael Milken, the Wall Street financier who was convicted of securities fraud in 1990, knowledgeable sources said. However, no final decisions were made, and the president is likely to wait until virtually the last hours of his administration before deciding whether to grant additional pardons, the sources said.