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BUSINESS
August 23, 2003 | From Bloomberg News
Rayovac Corp. agreed to buy closely held Remington Products Co. for about $165 million in cash to enter the more profitable razor business. The purchase, which totals $322 million after the assumption of debt, will add to profit next year, Madison, Wis.-based Rayovac said. Rayovac is cutting reliance on batteries amid slowing sales and competition from Gillette Co. and Energizer Holdings Inc. Rayovac shares rose 65 cents to $14.25 on the NYSE.
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BUSINESS
February 11, 1991 | ERIC LICHTBLAU, TIMES STAFF WRITER
After a brief collapse in talks last week, a firm that makes fuel-cleaning systems for cars announced a tentative agreement to sell its controlling interest to a Dallas company. The size of the transaction was not disclosed. In a statement, Parker Automotive Corp. said "lengthy and arduous negotiations" on Saturday had resolved differences between company founder Michael E. Parker and representatives of the Remington Cos.
BUSINESS
February 15, 1991 | JOHN O'DELL, TIMES STAFF WRITER
After a week of haggling over founder Michael E. Parker's future role with the company, Parker Automotive Corp. and Remington Cos. of Dallas said Thursday that they have signed a pact giving the Texas firm controlling interest in Parker. Under the agreement, Michael Parker has resigned from Parker Automotive's board and ended his involvement with the company. He also turned all of his stock voting rights over to Remington chairman and owner Connie Charles Armstrong Jr.
BUSINESS
February 12, 1991 | JOHN O'DELL, TIMES STAFF WRITER
In another twist in the saga of Parker Automotive Corp., the investor bidding for control of the firm said an announcement Sunday that a tentative agreement had been reached by the two groups is "absolutely false." Remington Cos., a Dallas holding company for an assortment of financial service and oil exploration firms, made the statement in a press release Monday. Officials of the firm were not available for comment. And Michael E.
BUSINESS
August 23, 2003 | From Bloomberg News
Rayovac Corp. agreed to buy closely held Remington Products Co. for about $165 million in cash to enter the more profitable razor business. The purchase, which totals $322 million after the assumption of debt, will add to profit next year, Madison, Wis.-based Rayovac said. Rayovac is cutting reliance on batteries amid slowing sales and competition from Gillette Co. and Energizer Holdings Inc. Rayovac shares rose 65 cents to $14.25 on the NYSE.
BUSINESS
February 15, 1991 | JOHN O'DELL, TIMES STAFF WRITER
After a week of haggling over founder Michael E. Parker's future role with the company, Parker Automotive Corp. and Remington Cos. of Dallas said Thursday that they have signed a pact giving the Texas firm controlling interest in Parker. Under the agreement, Michael Parker has resigned from Parker Automotive's board and ended his involvement with the company. He also turned all of his stock voting rights over to Remington chairman and owner Connie Charles Armstrong Jr.
BUSINESS
February 12, 1991 | JOHN O'DELL, TIMES STAFF WRITER
In another twist in the saga of Parker Automotive Corp., the investor bidding for control of the firm said an announcement Sunday that a tentative agreement had been reached by the two groups is "absolutely false." Remington Cos., a Dallas holding company for an assortment of financial service and oil exploration firms, made the statement in a press release Monday. Officials of the firm were not available for comment. And Michael E.
BUSINESS
February 11, 1991 | ERIC LICHTBLAU, TIMES STAFF WRITER
After a brief collapse in talks last week, a firm that makes fuel-cleaning systems for cars announced a tentative agreement to sell its controlling interest to a Dallas company. The size of the transaction was not disclosed. In a statement, Parker Automotive Corp. said "lengthy and arduous negotiations" on Saturday had resolved differences between company founder Michael E. Parker and representatives of the Remington Cos.
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