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BUSINESS
November 6, 1997 | Bloomberg News
Meditrust SBI said it completed its purchase of racetrack owner and operator Santa Anita Cos. for about $458 million in stock, after shareholders of the companies voted overwhelmingly in favor of the deal. Santa Anita Cos. changed its name to Meditrust Cos., which consists of Meditrust Corp. and Meditrust Operating Co. These two companies will trade as a pair on the New York Stock Exchange beginning today. Needham, Mass.-based Meditrust can now benefit from Santa Anita Cos.'
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BUSINESS
November 6, 1997 | Bloomberg News
Meditrust SBI said it completed its purchase of racetrack owner and operator Santa Anita Cos. for about $458 million in stock, after shareholders of the companies voted overwhelmingly in favor of the deal. Santa Anita Cos. changed its name to Meditrust Cos., which consists of Meditrust Corp. and Meditrust Operating Co. These two companies will trade as a pair on the New York Stock Exchange beginning today. Needham, Mass.-based Meditrust can now benefit from Santa Anita Cos.'
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BUSINESS
August 10, 1987 | NANCY YOSHIHARA, Times Staff Writer
The Santa Anita Cos. of Arcadia posted a second-quarter loss of $16.15 million stemming from an unprofitable investment in a Minnesota race track. Santa Anita's performance reflects the combined results of Santa Anita Operating Co. and Santa Anita Realty Enterprises, a profitable real estate investment trust.
BUSINESS
April 14, 1997 | AMY HARMON, TIMES STAFF WRITER
Santa Anita Cos., owner of the landmark Arcadia racetrack, said Sunday that it agreed to merge with Meditrust, a health-care real estate investment trust, in a deal valued at about $383 million. Santa Anita Chairman William Baker said the deal would allow the track to continue operating as a racing facility.
BUSINESS
October 28, 1996 | DEBORA VRANA, TIMES STAFF WRITER
In the latest salvo in the bidding war for control of the Santa Anita Cos., executives at the famed racetrack operator on Sunday reaffirmed a deal with a Los Angeles-based firm, saying a rival bid was incomplete. Santa Anita said it will need more information to evaluate a bid made in early October from a group that includes Apollo Advisors in New York, led by former Drexel Burnham Lambert dealmaker Leon Black and Newport Beach real estate mogul Donald M. Koll.
BUSINESS
May 3, 1995 | Times Staff and Wire Reports
AMC to Build 25-Screen Complex: The 5,500-seat multiplex will be the movie theater chain's largest and will anchor an entertainment and retailing center adjacent to the Santa Anita Racetrack in Arcadia. AMC plans to open the theaters in spring of 1997. The entertainment project, which is being developed by Santa Anita Cos., requires the approval of Arcadia city officials.
BUSINESS
February 25, 1986
Arcadia-based Santa Anita Cos., which is composed of Santa Anita Realty Enterprises and Santa Anita Operating Co., elected Thomas W. Gamel, 45, and Robert H. Strub, 31, as directors of Santa Anita Realty and Gamel and John M. Strub, 29, as directors of Santa Anita Operating. Fred H. Ryan resigned as a director of the real estate unit and Frank E. Kilroe as a director of Santa Anita Operating.
BUSINESS
March 28, 1997 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Just when it looked like Santa Anita Cos. was about to trot into the stables of an investor group that includes Newport Beach real estate mogul Donald Koll and financier Leon Black, it's become a horse race again: Santa Anita Cos. announced Thursday that it has received other proposals.
BUSINESS
April 2, 1997 | (James F. Peltz)
Santa Anita Cos. said it paid $4 million, plus $500,000 in expenses, to Colony Capital Inc. because their previously announced strategic alliance was terminated. The alliance, first announced last August, was effectively scrapped in January when Arcadia-based Santa Anita decided to entertain other offers seeking control of the racetrack and real estate concern. Colony, a Los Angeles-based real estate company, later joined with Koll Co.
BUSINESS
March 28, 1997 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Just when it looked like Santa Anita Cos. was about to trot into the stables of an investor group that includes Newport Beach real estate mogul Donald Koll and financier Leon Black, it's become a horse race again: Santa Anita Cos. announced Thursday that it has received other proposals.
BUSINESS
October 28, 1996 | DEBORA VRANA, TIMES STAFF WRITER
In the latest salvo in the bidding war for control of the Santa Anita Cos., executives at the famed racetrack operator on Sunday reaffirmed a deal with a Los Angeles-based firm, saying a rival bid was incomplete. Santa Anita said it will need more information to evaluate a bid made in early October from a group that includes Apollo Advisors in New York, led by former Drexel Burnham Lambert dealmaker Leon Black and Newport Beach real estate mogul Donald M. Koll.
BUSINESS
October 10, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
A bidding war for control of Santa Anita Cos. erupted Wednesday as a group including Newport Beach real estate mogul Donald M. Koll offered to buy 55% of the famed racetrack operator as part of a complex deal valued at more than $180 million. Koll teamed up with Apollo Advisors in New York to make the bid, which calls for a cash dividend payment of $14 a share to existing Santa Anita shareholders. Apollo is run by former Drexel Burnham Lambert deal maker Leon Black.
BUSINESS
May 3, 1995 | Times Staff and Wire Reports
AMC to Build 25-Screen Complex: The 5,500-seat multiplex will be the movie theater chain's largest and will anchor an entertainment and retailing center adjacent to the Santa Anita Racetrack in Arcadia. AMC plans to open the theaters in spring of 1997. The entertainment project, which is being developed by Santa Anita Cos., requires the approval of Arcadia city officials.
BUSINESS
March 23, 1995 | Times Staff and Wire Reports
Racetrack Firm Seeks Tax Breaks for Expansion: Santa Anita Cos. said it filed an application for tax breaks with the city of Arcadia as the company seeks to develop its Santa Anita Racetrack property into a gaming and entertainment complex. The plans for the development include movie theaters, live performance sites, virtual reality theaters, specialty retail shops, restaurants, a sports bar and an ice skating rink.
BUSINESS
March 23, 1995 | Times Staff and Wire Reports
Racetrack Firm Seeks Tax Breaks for Expansion: Santa Anita Cos. said it filed an application for tax breaks with the city of Arcadia as the company seeks to develop its Santa Anita Racetrack property into a gaming and entertainment complex. The plans for the development include movie theaters, live performance sites, virtual reality theaters, specialty retail shops, restaurants, a sports bar and an ice skating rink.
BUSINESS
April 2, 1997 | (James F. Peltz)
Santa Anita Cos. said it paid $4 million, plus $500,000 in expenses, to Colony Capital Inc. because their previously announced strategic alliance was terminated. The alliance, first announced last August, was effectively scrapped in January when Arcadia-based Santa Anita decided to entertain other offers seeking control of the racetrack and real estate concern. Colony, a Los Angeles-based real estate company, later joined with Koll Co.
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