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BUSINESS
April 25, 1985
Dallas-based Sterling is suing the much larger Woodland Hills software company for the Informatics shareholder list, which Sterling says Informatics won't provide. Informatics, which wouldn't comment on the suit, has rejected a $26-a-share offer from Sterling and is proposing anti-takeover measures for its May 9 shareholder meeting.
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BUSINESS
May 2, 1989 | JAMES BATES, Times Staff Writer
At the time it was viewed almost as something of a joke. Sterling Software, a computer software company in Dallas with $20 million in annual sales, launched a hostile takeover bid in mid-1985 for Informatics General, a Woodland Hills software firm 10 times Sterling's size. Informatics, then the nation's fourth largest independent computer software company, was being dragged down by two unprofitable divisions that had caused the company's overall profits to tumble. Its stock had plunged as well, falling to half of the $34 a share it was trading at in 1983.
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BUSINESS
August 5, 1985
The Dallas-based company said that institutional investors have agreed to finance its acquisition of Informatics General, the Woodland Hills software firm. Informatics' board accepted Sterling's $27-a-share, or $140-million, bid in June, after rejecting the company's previous offers. Sterling has said it will issue high-yield debt securities and preferred stock to finance the transaction. Its tender offer for Informatics' stock is scheduled to expire at midnight Wednesday.
BUSINESS
December 30, 1986
The Dylakor unit of Sterling Software said it signed a 10-year, $3.8 million lease for 35,000 square feet of space in the Chatsworth Technology Center, a partially-completed 25-acre industrial park at Owensmouth and Plummer streets. Dylakor, which now works from three locations in Granada Hills and Sepulveda, said the move will permit it to consolidate operations under one roof. The company has 80 employees and makes software for mainframe computers. It expects to move by March 1.
BUSINESS
June 22, 1985 | DANIEL AKST, Times Staff Writer
After twice spurning lesser offers from Sterling Software, Informatics General of Woodland Hills has agreed to a $135-million takeover bid from the much smaller Dallas company, executives of both firms said Friday. The bid for all 5 million shares of Informatics culminated months of struggle between the two software makers, during which Informatics' board rejected Sterling offers of $25 and $26 a share.
BUSINESS
April 8, 1986
Sterling Software, which acquired Woodland Hills-based Informatics General last year, said it sold its Informatics Legal Systems division in Phoenix for an undisclosed sum to Baron Data Systems of San Leandro, Calif. Sterling said the division, which specializes in computer software for law firms, had 1985 sales of $30 million.
BUSINESS
August 14, 1985
Dallas-based Sterling Software paid $128 million--$27 each for more than 95% of the roughly 5 million shares of Informatics General, a much larger Woodland Hills software company--in a tender offer that concluded midnight Monday. The merged companies should have combined annual revenue of about $200 million, Sterling said.
BUSINESS
December 30, 1986
The Dylakor unit of Sterling Software said it signed a 10-year, $3.8 million lease for 35,000 square feet of space in the Chatsworth Technology Center, a partially-completed 25-acre industrial park at Owensmouth and Plummer streets. Dylakor, which now works from three locations in Granada Hills and Sepulveda, said the move will permit it to consolidate operations under one roof. The company has 80 employees and makes software for mainframe computers. It expects to move by March 1.
BUSINESS
May 4, 1985
Dallas-based Sterling Software told Informatics General's board of directors that it is willing to meet at any time to discuss raising its $26-a-share takeover offer for the much larger Woodland Hills software maker. It also announced separately that it is talking to major Informatics shareholders about buying their stock, which closed at $26.25 Friday on the New York Stock Exchange.
BUSINESS
April 8, 1986
Sterling Software, which acquired Woodland Hills-based Informatics General last year, said it sold its Informatics Legal Systems division in Phoenix for an undisclosed sum to Baron Data Systems of San Leandro, Calif. Sterling said the division, which specializes in computer software for law firms, had 1985 sales of $30 million.
BUSINESS
October 8, 1985
The headquarters of Informatics General Corp. has been moved to Dallas, but the company will occupy part of a new Woodland Hills building after all. Informatics has a 15-year, $12-million lease for the top floor of an office building at 21900 Burbank Blvd. The building, which has three stories and 90,000 square feet, was to be Informatics' headquarters. But the company said in July that, in the wake of its acquisition by Dallas-based Sterling Software, it would not need the space.
BUSINESS
August 14, 1985
Dallas-based Sterling Software paid $128 million--$27 each for more than 95% of the roughly 5 million shares of Informatics General, a much larger Woodland Hills software company--in a tender offer that concluded midnight Monday. The merged companies should have combined annual revenue of about $200 million, Sterling said.
BUSINESS
August 5, 1985
The Dallas-based company said that institutional investors have agreed to finance its acquisition of Informatics General, the Woodland Hills software firm. Informatics' board accepted Sterling's $27-a-share, or $140-million, bid in June, after rejecting the company's previous offers. Sterling has said it will issue high-yield debt securities and preferred stock to finance the transaction. Its tender offer for Informatics' stock is scheduled to expire at midnight Wednesday.
BUSINESS
July 24, 1985 | DANIEL AKST, Times Staff Writer
Victorious in its hard-fought battle to take over Informatics General, Sterling Software will close that company's Woodland Hills headquarters and lay off nearly all of the 65 employees there. "The basic situation is they're consolidating all the corporate headquarters into Sterling in Dallas," Informatics spokeswoman Carol Hayes said Tuesday, adding that some cutbacks had been expected. "Most people are going to be laid off."
BUSINESS
October 8, 1985
The headquarters of Informatics General Corp. has been moved to Dallas, but the company will occupy part of a new Woodland Hills building after all. Informatics has a 15-year, $12-million lease for the top floor of an office building at 21900 Burbank Blvd. The building, which has three stories and 90,000 square feet, was to be Informatics' headquarters. But the company said in July that, in the wake of its acquisition by Dallas-based Sterling Software, it would not need the space.
BUSINESS
June 22, 1985 | DANIEL AKST, Times Staff Writer
After twice spurning lesser offers from Sterling Software, Informatics General of Woodland Hills has agreed to a $135-million takeover bid from the much smaller Dallas company, executives of both firms said Friday. The bid for all 5 million shares of Informatics culminated months of struggle between the two software makers, during which Informatics' board rejected Sterling offers of $25 and $26 a share.
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