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BUSINESS
October 23, 1985
The St. Louis-based firm and Gibbons, Green, van Amerongen announced that they have completed the sale of Foodmaker Inc., the restaurant subsidiary that operates the Jack in the Box chain, for about $450 million. The purchaser was a holding company owned by institutional investors, including partnerships managed by Gibbons, Green and members of Foodmaker's senior management. Ralston Purina will own 20% of the holding company.
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BUSINESS
January 16, 2001 | From Times Wire Services
Pet-food maker Ralston Purina Co. has reportedly accepted a $10.1-billion takeover offer from Nestle, the Swiss food giant whose products include Friskies cat food and Alpo dog food. The boards of both companies approved the deal Monday afternoon, and an announcement is expected by today, the Wall Street Journal reported on its Web site Monday, citing people familiar with the situation. Nestle would pay $33.50 for each share of Ralston, a 36% premium on the St.
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CALIFORNIA | LOCAL
December 21, 1988 | LESLIE WOLF, Times Staff Writer
The owner of an idle tuna cannery off Harbor Drive, unable to find a suitable use for the property, has surrendered the site and its buildings to the San Diego Unified Port District. The Board of Port Commissioners voted Tuesday to allow Ralston Purina Co. to terminate its lease, which was set to expire March 31, 2014. The Van Camp Seafood Co. will continue to operate a warehouse on the site as a tenant of the Port District.
BUSINESS
June 11, 1999 | Bloomberg News
Ralston Purina Co. said it plans to spin off its struggling Eveready Battery unit to focus on its growing pet food business, the nation's largest. Ralston's battery business, with its Eveready and Energizer brands, suffered a drop in sales last year because of U.S. competition and slumping Asian economies. The unit is the No. 2 battery maker worldwide, behind Gillette Co.'s Duracell. Sales were $2.07 billion last year, or nearly 45% of Ralston's $4.65 billion in revenue.
BUSINESS
June 11, 1999 | Bloomberg News
Ralston Purina Co. said it plans to spin off its struggling Eveready Battery unit to focus on its growing pet food business, the nation's largest. Ralston's battery business, with its Eveready and Energizer brands, suffered a drop in sales last year because of U.S. competition and slumping Asian economies. The unit is the No. 2 battery maker worldwide, behind Gillette Co.'s Duracell. Sales were $2.07 billion last year, or nearly 45% of Ralston's $4.65 billion in revenue.
BUSINESS
August 1, 1989 | From Associated Press
A federal judge has awarded $10.4 million in damages to Alpo Petfoods Inc. after ruling that Ralston Purina Co. made false advertising claims touting the benefits of Purina Puppy Chow. U.S. District Judge Stanley Sporkin ruled against Ralston's marketing campaign, begun in 1985, in which the firm contended that its Puppy Chow products helped promote proper hip joint development. Ralston will appeal the judgment, the company said Monday in a statement from its St. Louis headquarters.
BUSINESS
May 1, 1985 | BILL RITTER, San Diego County Business Editor
Continuing efforts to sell its non-grocery products operations, Ralston Purina said Tuesday that its Foodmaker subsidiary, which operates the Jack in the Box fast-food chain, will be bought by a group headed by senior Foodmaker management and a New York investment firm that specializes in leveraged buy-outs. Terms of the agreement in principle with senior Foodmaker management and Forstmann Little, which will manage the buy-out, were not disclosed.
BUSINESS
January 16, 2001 | From Times Wire Services
Pet-food maker Ralston Purina Co. has reportedly accepted a $10.1-billion takeover offer from Nestle, the Swiss food giant whose products include Friskies cat food and Alpo dog food. The boards of both companies approved the deal Monday afternoon, and an announcement is expected by today, the Wall Street Journal reported on its Web site Monday, citing people familiar with the situation. Nestle would pay $33.50 for each share of Ralston, a 36% premium on the St.
BUSINESS
July 28, 1998 | Dow Jones
Ralston Purina Co. plans to offer insurance from Veterinary Pet Insurance Inc. through its consumer and veterinary activities. Ralston Purina said the companies will explore whether pet food can be covered by insurance, and may reward pet owners with lower insurance premiums or discounted pet food if they feed their dog or cat Purina. Ralston Purina said it will also work with the Anaheim company to educate pet owners on nutrition, preventive veterinary care, and the availability of insurance.
BUSINESS
July 28, 1998 | Dow Jones
Ralston Purina Co. plans to offer insurance from Veterinary Pet Insurance Inc. through its consumer and veterinary activities. Ralston Purina said the companies will explore whether pet food can be covered by insurance, and may reward pet owners with lower insurance premiums or discounted pet food if they feed their dog or cat Purina. Ralston Purina said it will also work with the Anaheim company to educate pet owners on nutrition, preventive veterinary care, and the availability of insurance.
CALIFORNIA | LOCAL
February 14, 1998 | DAWN HOBBS, SPECIAL TO THE TIMES
United Way of Ventura County has hired a new president with extensive fund-raising experience to guide the financially troubled organization through challenging times. Sheryl Solomon of Thousand Oaks is joining the organization only five months after officials announced a deferral of grants to 59 member agencies, ranging from counseling services to food pantries. The agency is trying to avoid a projected $300,000 deficit. Officials also cut their staff in December from 18 to 12 and since Jan.
BUSINESS
August 23, 1997 | Bloomberg News
DuPont Co. said it agreed to buy Ralston Purina Group's soy unit for $1.5 billion in stock and assumed debt as the largest U.S. chemical company raised its bet on its future in agribusiness. The acquisition of Ralston Purina's St. Louis-based Protein Technologies International unit, a maker of soy protein and food ingredients with $450 million in annual sales, comes on the heels of DuPont's Aug. 7 announcement of a $1.7-billion investment in Pioneer Hi-Bred International Inc.
BUSINESS
September 20, 1994 | GREG MILLER, TIMES STAFF WRITER
Nestle USA Inc., best known as the maker of chocolate candy bars, Taster's Choice coffees and Stouffer's frozen foods, moved Monday to capture market share among customers who walk on all fours and eat from plastic bowls. In a deal that analysts said should vault the company to the top of the cluttered pet food industry, Nestle agreed to acquire Alpo Petfoods from London-based Grand Metropolitan for $510 million in cash.
BUSINESS
June 28, 1991
The insurance brokerage of Brakke-Schafnitz & Associates has recently relocated its corporate headquarters from the Irvine Spectrum to this six-story office building in Laguna Niguel. Other tenants in the building include the developer, Mission Equity, National Health Care Systems, Quaker Oats, Ralston Purina and Motorola. The building, located off Crown Valley Parkway next to Interstate 5, features curving, mirrored glass.
BUSINESS
September 27, 1989 | From Reuters
Ralston Purina Co. said today it is shipping four tons of dog and cat food to Charleston, S.C., to feed thousands of pets left homeless by Hurricane Hugo. The company said the food will be distributed to the Charleston Humane Society, which is attempting to feed thousands of homeless dogs and cats until they can be reunited with their owners. The company is the world's largest producer of dry dog and cat foods.
BUSINESS
October 1, 1985
Ralston Purina, St. Louis, named James R. Elsesser, corporate vice president and treasurer, as chief financial officer, a post vacant since late 1984. Ronald D. Winney, vice president and assistant treasurer, replaces Elsesser.
BUSINESS
August 1, 1989 | From Associated Press
A federal judge has awarded $10.4 million in damages to Alpo Petfoods Inc. after ruling that Ralston Purina Co. made false advertising claims touting the benefits of Purina Puppy Chow. U.S. District Judge Stanley Sporkin ruled against Ralston's marketing campaign, begun in 1985, in which the firm contended that its Puppy Chow products helped promote proper hip joint development. Ralston will appeal the judgment, the company said Monday in a statement from its St. Louis headquarters.
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