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Rights Offerings

BUSINESS
April 25, 1999 | Dow Jones
Apria Healthcare Group Inc. said it has withdrawn a planned $50-million rights offering and will obtain $50 million in new funding from its bank lenders instead. The Costa Mesa-based company, which provides home health-care services, said its bank credit agreement was amended to allow the new funding. The agreement also allows the company to proceed with plans for $62 million in acquisitions this year, Apria said.
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CALIFORNIA | LOCAL
March 7, 1999 | RICHARD GENTILUCCI, Richard Gentilucci is senior vice president of real estate, Shamrock Holdings Inc., and a board member, executive committee member and co-chair of the Valley Industry and Commerce Assn.'s land-use committee
The Santa Monica Promenade. Old Town Pasadena. The North Hollywood Redevelopment Project. Are these the projects of the past, the present and the future? Has the time come for a project in North Hollywood to be considered fashionable? Can it be compared to the Promenade or Old Town? Some individuals scoff at the idea; some believe the future is here and that the area is fertile for revitalization. Many are standing on the sidelines, taking a wait-and-see approach.
BUSINESS
October 27, 1998 | Bloomberg News
Metro-Goldwyn-Mayer Inc. said it plans to sell 84.8 million shares for $8.25 each in a rights offering that lets majority owner Kirk Kerkorian inject millions more dollars into the money-losing Hollywood film studio. Kerkorian will buy at least $596.2 million of the $700-million offering just two months after he paid $389 million to boost his MGM stake to 89.5%.
BUSINESS
August 15, 1998 | CLAUDIA ELLER, TIMES STAFF WRITER
Metro-Goldwyn-Mayer majority shareholder Kirk Kerkorian is prepared to support a $500-million rights offering for his cash-strapped studio, according to sources, which would double the amount of its already proposed offering. MGM acknowledged that it was considering increasing the size of the offering, but said the company's board has not yet met to approve the action. The board is expected to meet next week.
SPORTS
February 15, 1998 | BILL SHAIKIN, TIMES STAFF WRITER
Spring training started without him. And, if the season starts without him, Tony Phillips promises to announce a reluctant retirement. "I'm not saying I want to retire," Phillips said. "If it comes to that, I can accept it." Phillips, who figured prominently in both the rise and the fall of the Angels last summer, said he has rejected contract offers from the Cleveland Indians and Montreal Expos.
BUSINESS
October 31, 1997 | Dow Jones
Cooper Cos. adopted a shareholder rights plan that would take effect if the company becomes the target of an unwanted takeover attempt. A previous poison pill plan expired Wednesday. Under the new plan, shareholders of record Nov. 17 will receive the right to purchase one preferred share for each share of common stock held. The plan will kick in if an investor acquires a stake of 20% or more in the company, which makes and sells health-care products and services.
BUSINESS
March 26, 1996 | BARBARA MURPHY
The board of directors for The Right Start has set March 8 as the record date to determine stockholders entitled to participate in the company's proposed rights offering. Holders of record will be entitled to receive one right for each share of common stock held on the record date, and each right will entitle the holder to purchase 0.25 shares of common stock. Upon exercise of the rights, holders will be entitled to purchase common stock at $3.17 per share.
NEWS
July 13, 1995 | LEONARD REED, TIMES STAFF WRITER
Fisherman's Wharf at Channel Islands Harbor has seen much change in recent years: the addition of new shops, the growing popularity of the Ventura County Maritime Museum, and slow but steady improvement in dining opportunities. Enter Pier 17, a seafood house that months ago took over the blue clapboard space once claimed by Charlie Brown's. The good news is that Pier 17 makes a strong entrance: The place is a well-conceived fish house with often satisfying results.
BUSINESS
July 11, 1995 | Compiled by Jack Searles
The parent of Oxnard-based Ventura County National Bank says it has successfully completed its common stock rights offering. Ventura County National Bancorp said gross proceeds from the offering amounted to $6.5 million. A total of 2.8 million shares were issued at $2.25 per share. About 1.6 million shares were sold to shareholders exercising rights and 1.2 million shares were sold to standby investors.
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