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Retirement Systems Of Alabama

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BUSINESS
October 2, 2004
Citigroup Inc., J.P. Morgan Chase & Co. and Bank of America Corp. agreed to pay $111 million to settle a suit by the Retirement Systems of Alabama over losses stemming from the collapse of WorldCom Inc. stock and bonds.
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BUSINESS
October 2, 2004
Citigroup Inc., J.P. Morgan Chase & Co. and Bank of America Corp. agreed to pay $111 million to settle a suit by the Retirement Systems of Alabama over losses stemming from the collapse of WorldCom Inc. stock and bonds.
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BUSINESS
September 27, 2002 | Reuters
A federal judge approved a $740-million deal between US Airways Group Inc. and an Alabama pension fund for emergency financing and a stake in the airline once it emerges from bankruptcy proceedings. Judge Stephen Mitchell of the U.S. Bankruptcy Court for the Eastern District of Virginia approved the arrangement with Retirement Systems of Alabama for an eventual 37.5% equity investment in the carrier worth $240 million.
BUSINESS
September 27, 2002 | Reuters
A federal judge approved a $740-million deal between US Airways Group Inc. and an Alabama pension fund for emergency financing and a stake in the airline once it emerges from bankruptcy proceedings. Judge Stephen Mitchell of the U.S. Bankruptcy Court for the Eastern District of Virginia approved the arrangement with Retirement Systems of Alabama for an eventual 37.5% equity investment in the carrier worth $240 million.
BUSINESS
November 19, 2002 | From Reuters
US Airways Group Inc. named the Retirement Systems of Alabama as the winning bidder for an eventual equity stake in the company. The fund was the sole bidder. Arlington, Va.-based US Airways, which is operating under Chapter 11 bankruptcy protection, said its choice of the Alabama pension fund buttressed its plans for a "fast-track" emergence from bankruptcy.
BUSINESS
November 11, 2004 | From Bloomberg News
An Alabama judge Wednesday allowed a jury to hear that Bear Stearns Cos. settled claims by state securities regulators who accused the firm of issuing tainted analyst research. Alabama Securities Commissioner Joe Borg was permitted to testify about the August 2003 settlement at the trial of a lawsuit by a state pension fund that sued Bear Stearns over bonds backed by WorldCom Inc.
BUSINESS
October 17, 1997 | From Bloomberg News
LIN Television Corp. received a surprise bid from Raycom Media Inc. that tops an offer of $1.7 billion from Hicks, Muse, Tate & Furst Inc., sources familiar with the transaction said. Raycom, a TV company controlled by Retirement Systems of Alabama, is offering more than $51 to $54 a share in cash, or as much as $1.93 billion, source said. LIN said earlier that an unnamed company bid more than Hicks Muse's $47.50-a-share offer.
BUSINESS
January 31, 2003 | From Bloomberg News
US Airways said Thursday that it is seeking court approval to terminate its pilot pension plan covering 7,000 people as it reorganizes to emerge from bankruptcy protection. The company, which has said it can't make all of the $3.1 billion in pension payments due over the next seven years, asked a U.S. Bankruptcy Court for permission to terminate the plan as of March 31. The seventh-largest U.S. carrier said it will commit $850 million over seven years to a replacement plan.
BUSINESS
September 9, 1992 | From Associated Press
Olympia & York agreed Tuesday to sell a 53-story skyscraper to bondholders in perhaps the biggest debt restructuring of its kind to involve a U.S. office building. To some, Olympia & York's surrender of its 55 Water St. building in lower Manhattan signals its first major restructuring of a real estate debt since it filed for bankruptcy protection in the spring. "I think it shows their willingness to deal with bondholders in a reasonable way," said Thomas Facciola, an associate with S. G.
BUSINESS
October 27, 1994 | From Times Wire Services
Two Southern investors have agreed to buy Park Communications Inc., a newspaper and broadcasting group, for $711.4 million, Park's board announced Wednesday. Under the tentative agreement, all nine Park television stations, 22 radio stations and 106 newspaper publications would be sold to Donald R. Tomlin and Gary B. Knapp. Completion of the deal is contingent upon the approval of federal regulators. The approval of Park's shareholders is also needed, but that is considered to be a formality.
BUSINESS
July 25, 1995 | JAMES BATES, TIMES STAFF WRITER
Newspaper giant Gannett Co. emerged as the surprise winner Monday in the five-month auction of newspaper and television company Multimedia Inc., offering $1.7 billion in cash for a company probably best known for such syndicated talk shows as "Donahue," "Rush Limbaugh: The Television Show," "Sally Jessy Raphael" and "Jerry Springer." In addition to paying $45.25 for each of Multimedia's 37.87 million shares, Gannett will assume or pay off about $530 million of debt at Greenville, S.C.
BUSINESS
September 2, 2008 | Josh Friedman, Times Staff Writer
No matter how bad the economy gets, people will always head to the movies for two hours of affordable entertainment -- or so the theory goes. Three theaters coming to Southern California next year are putting that thesis to a big test with ticket prices as high as $35. Australian company Village Roadshow Ltd. plans to bring its Gold Class luxury cinemas to Pasadena, Costa Mesa and Ontario, kicking the luxury-theater concept up a notch --...
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