July 31, 1997 |
Significantly boosting its national presence, SmarTalk Teleservices Inc. is expected to announce today that it has signed an agreement to purchase an Ohio firm for about $65 million in stock, the third major acquisition by the Los Angeles company in two months. SmarTalk, the prepaid telephone calling-card firm founded in a room over a Bel-Air garage almost three years ago, has become one of the fastest-growing firms in California, in part through its aggressive acquisitions.
May 23, 2003 |
PricewaterhouseCoopers, the nation's largest accounting firm, has agreed to pay $1 million to settle federal regulators' allegations that it engaged in improper professional conduct in its audit work -- the second time in less than a year it has been cited for that alleged infraction. PricewaterhouseCoopers neither admitted nor denied wrongdoing in the settlement, which the Securities and Exchange Commission announced Thursday.
October 24, 1997 |
In its fourth major acquisition this year, Los Angeles-based SmarTalk Teleservices Inc. has agreed to buy Frontier Corp.'s retail prepaid phone card business for $35 million in cash. Rochester, N.Y.-based Frontier, the nation's fifth-largest long-distance company, distributes its prepaid cards in 4,000 retail outlets, including King Soopers supermarkets, Qwik Shops and Wegmans. SmarTalk makes and distributes prepaid calling cards to major retailers, including Ralphs and Office Depot.
May 29, 1997 |
In a move to broaden its reach, fast-growing SmarTalk Teleservices Inc. of Los Angeles said Wednesday that it will acquire SmarTel Communications Inc. of Boston for an undisclosed sum. SmarTalk, founded in a room over a Bel-Air garage two years ago, focuses on the retail segment of the booming prepaid calling card industry. SmarTel, a privately held company, specializes in selling prepaid calling cards to companies to use in promotions.
November 13, 1997
Santa Monica-based Metro-Goldwyn-Mayer Inc. sold shares in a $180-million initial public offering intended to go toward reducing the film studio's debt load, said Merrill Lynch & Co., which managed the sale. The 9 million shares sold were at the bottom of the expected range of $20 to $23 a share. The studio has a market value of about $1.3 billion, according to the IPO filing. . . . Los Angeles-based SmarTalk TeleServices Inc.