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BUSINESS
September 4, 2001 | From Bloomberg News
Santa Fe International Corp. agreed to buy rival Global Marine Inc. for $2.97 billion in stock, creating the world's second-largest company that rents offshore drilling rigs to oil exploration companies. Santa Fe will give 0.665 share for each share of Global Marine, which had 176.6 million shares outstanding as of Aug. 10, the companies said in a news release. That values the offer at $16.82 a share, a 17% premium to Global's closing price Friday.
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BUSINESS
January 14, 1993 | From Times Staff and Wire Reports
Santa Fe International to Move to Dallas: Santa Fe International Corp., which has been based in California since it was incorporated in 1946, said it will move its headquarters to Dallas from Alhambra by midsummer. The oil-drilling services company will lay off most of the 160 employees at its Alhambra headquarters, company spokesman John Mika said. A few will be offered the chance to relocate to Dallas.
BUSINESS
September 4, 2001 | From Bloomberg News
Santa Fe International Corp. agreed to buy rival Global Marine Inc. for $2.97 billion in stock, creating the world's second-largest company that rents offshore drilling rigs to oil exploration companies. Santa Fe will give 0.665 share for each share of Global Marine, which had 176.6 million shares outstanding as of Aug. 10, the companies said in a news release. That values the offer at $16.82 a share, a 17% premium to Global's closing price Friday.
BUSINESS
July 25, 1991 | MICHAEL PARRISH, TIMES STAFF WRITER
In a long-anticipated move by a company that still considers itself a family, Gordon M. Anderson was named president and chief executive Wednesday of Santa Fe International Corp., the Alhambra-based oil-drilling firm controlled by Kuwait's state-owned oil company. E. L. (Ed) Shannon, 65, president and CEO for almost three decades, will retire but remain affiliated as non-executive chairman of the board. Anderson, 59, has been with Santa Fe International since 1951--two years longer than Shannon.
BUSINESS
August 3, 1990 | MARIA L. La GANGA, TIMES STAFF WRITER
The highly secretive Kuwaiti government has extensive holdings throughout the world and in the United States--an estimated $80 billion in assets ranging from junk bonds and bank deposits to resort hotels and gas stations. On Thursday, the Bush Administration moved to freeze those holdings in an effort to protect them from the invading Iraqis. But that action raised more problems than it resolved.
NEWS
February 22, 1991 | JESUS SANCHEZ, TIMES STAFF WRITER
In a San Gabriel Valley office complex surrounded by towering brick walls, gates and security guards sits a small but valuable chunk of the kingdom of Kuwait. The 25-acre complex is home to Santa Fe International, an oil services and exploration firm that is one of Kuwait's largest and most visible U.S. assets. Although the Alhambra-based company says it has beefed up security, Santa Fe has not noticeably changed its extensive global operations because of the Persian Gulf crisis.
BUSINESS
August 4, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Santa Fe International is a low-profile oil and gas exploration company that operates from a huge walled compound of red brick in Alhambra but is still Kuwait's most visible investment in corporate America. In the wake of Iraq's invasion of tiny Kuwait, worried Santa Fe International employees attempted to conduct normal business on Friday. Eight employees of Santa Fe International--six of them U.S. citizens--were reported missing in Kuwait on Friday.
BUSINESS
January 14, 1993 | From Times Staff and Wire Reports
Santa Fe International to Move to Dallas: Santa Fe International Corp., which has been based in California since it was incorporated in 1946, said it will move its headquarters to Dallas from Alhambra by midsummer. The oil-drilling services company will lay off most of the 160 employees at its Alhambra headquarters, company spokesman John Mika said. A few will be offered the chance to relocate to Dallas.
BUSINESS
July 25, 1991 | MICHAEL PARRISH, TIMES STAFF WRITER
In a long-anticipated move by a company that still considers itself a family, Gordon M. Anderson was named president and chief executive Wednesday of Santa Fe International Corp., the Alhambra-based oil-drilling firm controlled by Kuwait's state-owned oil company. E. L. (Ed) Shannon, 65, president and CEO for almost three decades, will retire but remain affiliated as non-executive chairman of the board. Anderson, 59, has been with Santa Fe International since 1951--two years longer than Shannon.
NEWS
February 22, 1991 | JESUS SANCHEZ, TIMES STAFF WRITER
In a San Gabriel Valley office complex surrounded by towering brick walls, gates and security guards sits a small but valuable chunk of the kingdom of Kuwait. The 25-acre complex is home to Santa Fe International, an oil services and exploration firm that is one of Kuwait's largest and most visible U.S. assets. Although the Alhambra-based company says it has beefed up security, Santa Fe has not noticeably changed its extensive global operations because of the Persian Gulf crisis.
BUSINESS
August 4, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Santa Fe International is a low-profile oil and gas exploration company that operates from a huge walled compound of red brick in Alhambra but is still Kuwait's most visible investment in corporate America. In the wake of Iraq's invasion of tiny Kuwait, worried Santa Fe International employees attempted to conduct normal business on Friday. Eight employees of Santa Fe International--six of them U.S. citizens--were reported missing in Kuwait on Friday.
BUSINESS
August 3, 1990 | MARIA L. La GANGA, TIMES STAFF WRITER
The highly secretive Kuwaiti government has extensive holdings throughout the world and in the United States--an estimated $80 billion in assets ranging from junk bonds and bank deposits to resort hotels and gas stations. On Thursday, the Bush Administration moved to freeze those holdings in an effort to protect them from the invading Iraqis. But that action raised more problems than it resolved.
BUSINESS
February 24, 1989
Santa Fe International Corp. has named Robert N. Collins president and chief operating officer of its subsidiary, C. F. Braun Inc. He succeeds Desmond W. Bartlett, who is leaving the company to pursue other interests. Collins previously was vice president-business development at Braun, which is based in Alhambra and provides engineering and construction services for the oil and gas industry.
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