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Private Placement

BUSINESS
June 20, 2000 | Bloomberg News
A Southern California software company fraudulently sold $3.9 million worth of unregistered securities to more than 100 investors throughout the United States, the Securities and Exchange Commission charged Monday. The SEC alleged that San Clemente-based UniVerse Inc. and its predecessor, VikingWare, recruited a network of mostly unregistered brokers who made 40% to 47% commissions while investors were told the commissions were between 10% and 15%.
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BUSINESS
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.
BUSINESS
April 18, 1990 | TOM PETRUNO
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.
BUSINESS
April 12, 1986 | NANCY RIVERA BROOKS, Times Staff Writer
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.
BUSINESS
September 11, 2000 | DEBORA VRANA, TIMES STAFF WRITER
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.
BUSINESS
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.
BUSINESS
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.
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