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Staruni Corp

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BUSINESS
March 14, 1997
Telmar Corp. is in discussions to be acquired by Staruni Corp. for $15.5 million in cash and securities, Staruni said Thursday. Irvine-based Telmar, a telecommunications equipment reseller, reported earnings of $2.3 million on sales of $15 million for its last fiscal year. Staruni is a computer and office care products company.
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BUSINESS
July 15, 1997 | BARBARA MURPHY
The board of directors of PerfectData Corp. in Simi Valley has authorized the distribution to shareholders of one share of Staruni Corp. for every four shares of PerfectData. Fractional shares will be rounded off to the nearest whole number. The distribution date has been set for Aug. 14 to shareholders of record July 17. PerfectData owns about 1 million shares of Staruni, or about 50% of the company.
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BUSINESS
March 19, 1997 | (Dow Jones)
Telecommunications equipment reseller Telmar Corp. has rejected a $15.5-million buyout bid from Staruni Corp., describing the offer as "inadequate." The rejection was disclosed Tuesday by PerfectData Corp. A PerfectData subsidiary is scheduled to merge with Staruni. PerfectData said Staruni, which offered to buy Telmar for $6 million in cash and $9.5 million in stock, will continue to negotiate with Telmar and "consider a number of options."
BUSINESS
March 25, 1997 | BARBARA MURPHY
PerfectData Corp. in Simi Valley has announced a merger of its subsidiary, Starnet Universe Internet, with Staruni Corp. The merger will involve Staruni issuing one share for every two shares of Starnet Universe, with Staruni being the surviving entity. Starnet Universe is an Internet service provider and Web server that has been in operation for about two years. Staruni, formerly Altius Corp., is a computer, office care and maintenance products company based in Simi Valley.
BUSINESS
July 15, 1997 | BARBARA MURPHY
The board of directors of PerfectData Corp. in Simi Valley has authorized the distribution to shareholders of one share of Staruni Corp. for every four shares of PerfectData. Fractional shares will be rounded off to the nearest whole number. The distribution date has been set for Aug. 14 to shareholders of record July 17. PerfectData owns about 1 million shares of Staruni, or about 50% of the company.
BUSINESS
March 25, 1997 | BARBARA MURPHY
PerfectData Corp. in Simi Valley has announced a merger of its subsidiary, Starnet Universe Internet, with Staruni Corp. The merger will involve Staruni issuing one share for every two shares of Starnet Universe, with Staruni being the surviving entity. Starnet Universe is an Internet service provider and Web server that has been in operation for about two years. Staruni, formerly Altius Corp., is a computer, office care and maintenance products company based in Simi Valley.
BUSINESS
January 13, 2000 | Elizabeth Douglass
Beverly Hills-based Staruni Corp. said it plans to launch an advertising-supported high-speed Internet access service that will be offered free to businesses located in participating office buildings. The service, to be offered in the next three to six months in Beverly Hills, Brentwood, Marina del Rey and Santa Monica, will use digital subscriber line technology, or DSL, which provides fast Internet service via standard copper phone lines.
BUSINESS
March 19, 1997 | (Dow Jones)
Telecommunications equipment reseller Telmar Corp. has rejected a $15.5-million buyout bid from Staruni Corp., describing the offer as "inadequate." The rejection was disclosed Tuesday by PerfectData Corp. A PerfectData subsidiary is scheduled to merge with Staruni. PerfectData said Staruni, which offered to buy Telmar for $6 million in cash and $9.5 million in stock, will continue to negotiate with Telmar and "consider a number of options."
BUSINESS
March 14, 1997
Telmar Corp. is in discussions to be acquired by Staruni Corp. for $15.5 million in cash and securities, Staruni said Thursday. Irvine-based Telmar, a telecommunications equipment reseller, reported earnings of $2.3 million on sales of $15 million for its last fiscal year. Staruni is a computer and office care products company.
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