November 3, 2007 |
Supermarket billionaire Ron Burkle's investment firm, Yucaipa Cos., said Friday that it would join Bimbo Bakeries USA and the International Brotherhood of Teamsters in an effort to buy troubled Interstate Bakeries Corp. The Kansas City, Mo.-based maker of Hostess Twinkies and Wonder Bread, which filed for bankruptcy protection in September 2004, has lined up about $400 million in financing from specialty lender Silver Point Finance when it emerges from bankruptcy.
March 24, 2007 |
A month after billionaire David Geffen publicly declared she couldn't win the presidency, Sen. Hillary Rodham Clinton is bringing her campaign to the home of Geffen's neighbor in Beverly Hills, fellow billionaire Ron Burkle, for a fundraiser tonight that is expected to raise millions. It's a neighborhood Clinton knows well. She has visited repeatedly, as the first lady and as New York's junior senator.
October 21, 2006 |
Shares of Wild Oats Markets Inc. rose nearly 3% on investor speculation of a takeover Friday, a day after the company said it could not reach an agreement to renew the contract of Chief Executive Perry Odak. But analysts expressed doubt that the retailer of health and organic foods would be sold. They said the changes underway at the company reflected the increasing influence of Los Angeles grocery magnate Ron Burkle, whose Yucaipa Cos. owns 17% of the Boulder, Colo.-based chain.
August 31, 2010 |
A high-stakes battle over the nation's largest bookseller escalated Monday as Los Angeles billionaire Ronald W. Burkle accused Barnes & Noble Inc.'s chairman and largest shareholder of self-dealing, approving business deals that benefit himself and his family. The accusatory letter, sent to shareholders Monday, was the latest move in Burkle's monthlong proxy battle to secure three seats — including one for himself — on the company's board of directors. Burkle's investment firm, Yucaipa Cos., owns about 19% of the company and wants to buy more.
December 4, 2012 |
NEW YORK - Finally, there's reason to believe the NHL and the players' association are listening to each other and might be inching toward a labor agreement that would salvage some semblance of a season. NHL Deputy Commissioner Bill Daly, who has often accused the NHLPA of being unwilling to negotiate, was cordial toward the union after marathon meetings between selected owners and players at a New York hotel Tuesday. That was significant because Daly has been a loud and constant critic of the union's supposed reluctance to compromise.
November 9, 2006 |
Eli Broad made his fortune building affordable homes for Southern Californians, while Ron Burkle made his by filling their pantries with groceries. On Wednesday, they joined in a bid to buy the Los Angeles Times' parent, Tribune Co. If successful, the two billionaires with no newspaper experience might pull off one of their most audacious deals yet. Broad and Burkle have spent millions cutting separate swaths across the landscape of Southern California arts, culture and philanthropy.
CALIFORNIA | LOCAL
January 21, 2007 |
After months of planning, two of Southern California's wealthiest men flew to Chicago on Saturday and made their case for buying a large and potentially controlling stake in Tribune Co., which owns the Los Angeles Times, KTLA-TV Channel 5, the Chicago Cubs and other newspapers and TV stations.
May 1, 2006 |
Ron Burkle says he loves newspapers. He just doesn't always agree with them. The billionaire Los Angeles investor has been known to sic his lawyer on publications he thought treated him unfairly. He has battled in court to keep reporters from getting his divorce records. Most famously, in late March he set up a videotaped sting in an attempt to catch New York Post gossip writer Jared Paul Stern allegedly trying to extort more than $200,000 from him.
September 13, 1994 |
The turning point came in 1981 when Ron Burkle--then a vice president at the Stater Bros. supermarket chain at the tender age of 29--decided to put together a buyout team and raise money to acquire his employer. Although Petrolane Properties, owner of Stater Bros. at the time, was entertaining offers to buy its supermarket chain, the parent company was not entertained by Burkle's offer.