Advertisement
YOU ARE HERE: LAT HomeCollectionsRepublic American Corp
IN THE NEWS

Republic American Corp

FEATURED ARTICLES
ARTICLES BY DATE
Advertisement
BUSINESS
July 30, 1988 | JAMES BATES, Times Staff Writer
Republic American Corp., an Encino workers compensation company, said Friday that its directors are reviewing an offer by Cincinnati financier Carl H. Lindner to buy the 47.4% stake in the company Lindner doesn't already control. Lindner is offering 0.65 of a share of stock in Penn Central Corp., which he controls, for each Republic American share in a deal now valued at about $127 million. Lindner effectively controls Penn Central, a Greenwich, Conn.
BUSINESS
October 28, 1986
Republic American Corp., a workers' compensation insurance concern, said its third-quarter net income rose 33.9% from the same period a year earlier to $8.3 million, or 36 cents a share. The increase stemmed largely from investment income, which together accounted for $2.6 million of the profit. Encino-based Republic American's operating earnings rose 9.6%, to $5.7 million, or 25 cents a share. For the nine months ended Sept. 30, net income rose 319%, to $38.1 million, or $1.82 a share.
BUSINESS
May 17, 1988
Republic American Corp., blaming higher workers' claims costs, said its earnings dropped 27% to $5.4 million, or 29 cents a share, in the first quarter ended March 31. The Encino workers' compensation insurance company earned $7.4 million, or 33 cents a share, a year earlier. Republic American's results were bolstered by $6.1 million in investment income, which grew 11% in the quarter from $5.5 million a year earlier.
BUSINESS
June 21, 1988
Cincinnati financier Carl Lindner increased his stake in Republic American Corp., an Encino workers' compensation insurance company, by 2.3% to 52.5%, or approximately 9.7 million shares. In a filing with the Securities and Exchange Commission, Penn Central Corp., a company Lindner controls, reported it bought 440,000 shares for $13.31 to $13.91 each from June 2 to June 9. Penn Central, based in Greenwich, Conn., owns a 13.9% stake in Republic American.
BUSINESS
June 7, 1988
Cincinnati financier Carl Lindner increased his stake in Republic American Corp., an Encino workers' compensation insurance company, by about 1% to 50.2%, or 9.25 million shares. In a filing with the Securities and Exchange Commission, Penn Central Corp., a company Lindner controls, reported it bought 241,000 shares for $13.25 to $15.62 a share from April 28 to May 24. Penn Central, based in Greenwich, Conn., now owns an 11.6% stake in Republic American.
BUSINESS
July 30, 1988 | JAMES BATES, Times Staff Writer
Republic American Corp., an Encino workers compensation company, said Friday that its directors are reviewing an offer by Cincinnati financier Carl H. Lindner to buy the 47.4% stake in the company Lindner doesn't already control. Lindner is offering 0.65 of a share of stock in Penn Central Corp., which he controls, for each Republic American share in a deal now valued at about $127 million. Lindner effectively controls Penn Central, a Greenwich, Conn.
BUSINESS
October 28, 1986
Republic American Corp., a workers' compensation insurance concern, said its third-quarter net income rose 33.9% from the same period a year earlier to $8.3 million, or 36 cents a share. The increase stemmed largely from investment income, which together accounted for $2.6 million of the profit. Encino-based Republic American's operating earnings rose 9.6%, to $5.7 million, or 25 cents a share. For the nine months ended Sept. 30, net income rose 319%, to $38.1 million, or $1.82 a share.
BUSINESS
March 14, 1989
Shareholders are scheduled to vote March 31 on whether to approve the acquisition of Republic American Corp., an Encino workers' compensation insurance company, by Penn Central Corp. The merger, which needs the blessing of those owning two-thirds of Republic American's shares, is expected to be approved. Both companies are controlled by Cincinnati financier Carl H. Lindner.
Los Angeles Times Articles
|