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BUSINESS
September 30, 2000 | From Reuters
Mexican cement giant Cemex said Friday it will buy the No. 2 U.S. cement producer, Southdown Inc., for $2.6 billion, in the biggest-ever acquisition by a Mexican company that would capture a prize U.S. asset in an industry that is consolidating globally. Cemex, the third-largest cement producer in the world, will pay $73 a share in cash, a 30% premium over Houston-based Southdown's closing price of $56 Thursday on the New York Stock Exchange.
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CALIFORNIA | LOCAL
April 20, 1993 | DAVID WILLMAN, TIMES STAFF WRITER
An investment group led by U.S. Sen. Dianne Feinstein's husband, a local carpenters union and Los Angeles' top subway contractor has settled its brief but fierce battle with a Texas cement company. In a joint announcement, the president of Houston-based Southdown Inc. and Feinstein's husband, Richard C. Blum, said "an amicable constructive resolution had been achieved." Blum had criticized Southdown's executives--including compensation paid to Board Chairman G.
BUSINESS
September 30, 2000 | From Reuters
Mexican cement giant Cemex said Friday it will buy the No. 2 U.S. cement producer, Southdown Inc., for $2.6 billion, in the biggest-ever acquisition by a Mexican company that would capture a prize U.S. asset in an industry that is consolidating globally. Cemex, the third-largest cement producer in the world, will pay $73 a share in cash, a 30% premium over Houston-based Southdown's closing price of $56 Thursday on the New York Stock Exchange.
CALIFORNIA | LOCAL
April 20, 1993 | DAVID WILLMAN, TIMES STAFF WRITER
An investment group led by U.S. Sen. Dianne Feinstein's husband, a local carpenters union and Los Angeles' top subway contractor has settled its brief but fierce battle with a Texas cement company. In a joint announcement, the president of Houston-based Southdown Inc. and Feinstein's husband, Richard C. Blum, said "an amicable constructive resolution had been achieved." Blum had criticized Southdown's executives--including compensation paid to Board Chairman G.
CALIFORNIA | LOCAL
April 14, 1993 | DAVID WILLMAN, TIMES STAFF WRITER
U.S. Sen. Dianne Feinstein's husband, Los Angeles' top subway contractor and a local union face a lawsuit by a Texas concrete company alleging that the group has committed securities fraud while trying to take over the firm. Feinstein's husband, Richard C. Blum, is an investment adviser to the Carpenters Pension Trust. Subway contractor Ronald N. Tutor is co-chairman of the trust fund. Since 1991, the fund has purchased $40 million of stock in Southdown Inc.
BUSINESS
June 27, 1989 | From United Press International
Browning-Ferris Industries Inc., Cadence Chemical Resources Inc. and Southdown Inc. announced that they have agreed to create an integrated program to utilize waste as fuel. Under the program, a variety of solid and liquid hazardous wastes will be processed into fuel by a subsidiary of Browning-Ferris using Cadence technology for Southdown's cement manufacturing kilns. Test data and operating experience confirm that the effective combustions of these hazardous wastes in cement kilns exceeds the efficiency achieved by hazardous waste incinerations, the announcement said.
CALIFORNIA | LOCAL
April 14, 1993 | DAVID WILLMAN, TIMES STAFF WRITER
U.S. Sen. Dianne Feinstein's husband, Los Angeles' top subway contractor and a local union face a lawsuit by a Texas concrete company alleging that the group has committed securities fraud while trying to take over the firm. Feinstein's husband, Richard C. Blum, is an investment adviser to the Carpenters Pension Trust. Subway contractor Ronald N. Tutor is co-chairman of the trust fund. Since 1991, the fund has purchased $40 million of stock in Southdown Inc.
BUSINESS
August 31, 1999
A look at recent commercial leasing and sales activity in Orange County. LEASES Industrial * Houdini Inc. Business: Gift basket assembly and distribution company Address: Bonita Place, 4201 Bonita Place, Fullerton Space: 233,791 sf Term: 10 years Value: $10.5 million Lessee broker: Tierra West Landlord broker: Voit Commercial Brokerage Office * Kenneth M. Tokita, M.D. Inc. Business: Radiation therapy and oncology Address: Sand Canyon Medical and Dental Building, 16100 Sand Canyon Blvd.
BUSINESS
March 19, 1998
American Business Information Inc. of Omaha made an offer of $850 million, or $33 a share, for Metromail Corp., a direct marketer. The bid bested an acquisition agreement Britain's Great Universal Stores had reached with Metromail. American Business, which provides business information products and data processing services, also said it filed a suit to block the Great Universal-Metromail merger. * ITT Industries Inc.
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