CALIFORNIA | LOCAL
March 7, 1999 |
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.
October 27, 1998 |
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%.
August 15, 1998 |
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.
February 15, 1998 |
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.
October 31, 1997 |
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.
March 26, 1996 |
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.
July 13, 1995 |
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.
July 11, 1995 |
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.
January 7, 1994 |
Last year, a number of troubled savings and loan companies such as UnionFed Financial Corp. in Brea kept regulators at bay by raising much-needed cash through stock sales. Now a number of Orange County's small community banks want to tap that pool. CommerceBancorp in Newport Beach and Pioneer Bancorp in Fullerton are seeking federal approval for rights offerings, which give current shareholders the right to purchase new stock before the companies offer shares to the public.