CALIFORNIA | LOCAL
December 19, 2000 |
CaminoSoft Corp. in Westlake Village said it has received $1.5 million in a private placement of 500,000 shares of restricted common stock at $3 per share. The investment was made by Renaissance US Growth & Income Fund, an investment fund based in the United Kingdom and traded on the London Stock Exchange. The money will be used for general corporate purposes and will help CaminoSoft introduce its new T-Rex Data Management Appliances and complementary Operating Software Solutions.
October 3, 1986
Temp-Stik Corp. posted a fiscal 1986 second-quarter loss of $64,256 compared with a year-earlier loss of $102,384. Revenue of $100,920 for the quarter ended June 30 was down 25.8% from $137,949. For the first six months of its fiscal 1986, the El Toro-based maker of electronic medical instruments reported a loss of $129,358, compared with a loss of $182,894 a year earlier. For the six-month period, Temp-Stik garnered $265,024 in revenue compared with $261,201 for the prior year period. J.
April 18, 1990 |
When a company needs capital, the options often aren't very extensive. A firm can borrow from a bank, find venture investors or, for the relative few, make a public offering of debt securities or stock. On Thursday, the Securities and Exchange Commission is expected to approve a rule change that may make it easier for many companies--including medium-size operations--to raise money longer term.
April 12, 1986 |
The Los Angeles investment firm headed by financier Charles W. Knapp apparently has abandoned its attempt with a British partner to acquire Minebea Co., ending the first hostile takeover battle between a Japanese company and a foreign firm. Trafalgar Holdings, of which former Financial Corp. of America chief Knapp is chairman, and Glen International, a London-based investment company, sold all of their shares of Minebea, a Japanese conglomerate, Dow Jones News Service reported Friday.
September 11, 2000 |
The pace of public companies going private has declined in recent months, and the number of such deals is likely to fall short of last year's totals, surprising analysts who expected this would be a record year for such transactions. Given the stock market's volatility earlier this year, many analysts had expected more public companies with depressed stock prices to elect to become private companies again, either through a merger with another private company or through a leveraged buyout.
November 30, 1993
Creative Computer Applications Inc., a Calabasas provider of information systems for hospitals, laboratories and pharmacies, said it intends to raise between $500,000 and $800,000 in a private placement of convertible preferred stock. The investors are led by the Roser Partnership II Ltd. of Boulder, Colo. Creative Computer said the transaction is subject to completion of a definitive agreement.
October 13, 1986
Color Systems Technology Inc. of Marina del Rey said it has completed a private placement of $15 million of 9% convertible subordinated notes due July, 1996, with General Electric Pension Trust.