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Stock Swap

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BUSINESS
January 25, 1990
Ameralia Inc. of Santa Barbara has acquired all the common stock outstanding of Denison Resources Ltd. of Brisbane, Australia, in a stock swap, according to a Securities and Exchange Commission filing.
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BUSINESS
December 16, 2013 | By Ricardo Lopez
AIG announced Monday it is selling its aircraft-leasing business  International Lease Finance Corp.  for $5.4 billion in cash and stocks to Netherlands-based AerCap Holdings.  The announced sale comes five years after American International Group first tried to unload the aircraft-leasing business, one it considered a non-core business unit after it bought Century City-based ILFC in 1990 for $1.3 billion in a stock swap.  AIG had...
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BUSINESS
June 30, 2001 | Reuters
Barr Laboratories Inc. said it will acquire Duramed Pharmaceuticals Inc. in a stock swap valued at about $589 million, adding to its line of oral contraceptives and hormone products for women. Barr said it would exchange one of its shares for 3.9032 shares of Duramed. Cincinnati-based Duramed rose 99 cents to $17.89 on Nasdaq, while Barr fell $2.24 to $69.20 on the Big Board.
BUSINESS
February 22, 2011 | By Meg James, Los Angeles Times
Expanding its foothold in the European television production market, Rupert Murdoch's News Corp. said it had struck an agreement to buy daughter Elisabeth Murdoch's London production company Shine Group in a stock swap valued at about $674 million. The acquisition thrusts a third Murdoch into a senior management role at the global media giant and could prompt scrutiny of the Murdoch-controlled News Corp. entering into a transaction that benefits one of the mogul's family members.
BUSINESS
January 8, 1985 | BILL RITTER, San Diego County Business Editor
Predicting success and insisting that its preferred stock swap offer is going smoothly, Southwest Bancorp has extended the offer's deadline from Jan. 4 to Feb. 1. Southwest officials believe the "timing of the issue" during the holidays did not allow shareholders enough time to follow through, according to executive vice president Frank J. Mercardante.
BUSINESS
November 30, 1989 | DAVID OLMOS, TIMES STAFF WRITER
Inglewood-based Softsel Computer Products said Wednesday that it has agreed to acquire Microamerica in a stock swap deal that would create one of the nation's largest distributors of personal computer products. The combination of Softsel and Microamerica, a Massachusetts firm, would form a company roughly the size of Ingram Micro D, the nation's largest wholesaler of PC products.
BUSINESS
August 13, 1996
Synthonics Inc., a Westlake Village software developer, said it has been acquired through a stock swap by a public shell company, Columbine Financial Corp., in order to get its shares publicly traded on the Nasdaq over-the-counter market. The company, which develops technology that recreate 3-D models on personal computer screens, aims to form partnerships with other companies to apply its technology to a variety of areas, including orthodontics.
BUSINESS
April 1, 1994
Cybernetics Products Inc. said Thursday it has agreed to a stock swap to acquire a controlling interest in Vision Ten Inc., a maker of X-ray equipment. Cybernetics said a big shareholder agreed to exchange a 51% stake in Torrance-based Vision Ten for 160,000 Cybernetics shares. At Thursday's closing price of $1.187 a share, the deal has a value of $190,000 for Cybernetics.
BUSINESS
March 27, 1997 | Reuters
Cisco Systems Inc. said it has acquired Cupertino-based Telesend Inc., a maker of technology that allows phone companies to offer high-speed Internet access connections. The acquisition, which was completed early this month in a stock swap, called for Cisco shares to be exchanged for all of Telesend's outstanding stock and options. San Jose-based Cisco said the company's employees, management and product line will be incorporated into Cisco's Wide Area Network business unit.
BUSINESS
November 24, 1998
Unum Corp. is acquiring Provident Cos. in a $4.75-billion stock swap that would create the largest U.S. provider of disability income insurance, the companies said. Portland, Maine-based Unum already is the top provider to groups of insurance that covers loss of income from illness or injury. Provident, based in Chattanooga, Tenn., is the biggest seller of such coverage to individuals. The combined company, to be named UnumProvident, would have annual revenue of about $8.43 billion.
BUSINESS
January 14, 2011 | By Jim Puzzanghera, Los Angeles Times
Treasury Secretary Timothy F. Geithner says the government "remains optimistic that taxpayers will get back every dollar of their investment in AIG. " Bailed-out insurance giant American International Group Inc. moved closer to repaying the government for its rescue by completing a stock-conversion deal with the Treasury Department on Friday ? a key to unwinding the federal stake in the company. Treasury converted the preferred shares in AIG it received as part of the complex bailout into 1.655 billion shares of common stock, increasing the government's ownership stake to 92% from 80%. The department plans to sell the shares over time to recoup its investment, now estimated at $68 billion, and end taxpayer support of the company.
BUSINESS
December 23, 2006 | Joseph Menn, Times Staff Writer
A long-awaited agreement reached Friday in which News Corp. Chairman Rupert Murdoch gains a bigger stake in his own company by trading his satellite TV interests to former cable kingpin John Malone frees each man to pursue broader ambitions in his medium of choice. Murdoch expects faster growth in the Internet business than he does in U.S. satellite TV distribution. By solidifying control of News Corp., Murdoch can more easily seek out deals like the 2005 acquisition of the MySpace.
BUSINESS
January 11, 2005 | Sallie Hofmeister, Times Staff Writer
Seeking to consolidate its U.S. holdings under a single banner, Rupert Murdoch's News Corp. on Monday proposed a stock swap worth $5.9 billion to buy the remaining shares it does not own in Fox Entertainment Group Inc. News Corp., which already owns 82% of Fox, said shareholders would receive 1.9 News Corp. Class A shares for each Fox Class A share -- a value of $32.55 a share based on Monday's closing price. Fox shares closed Monday at $34.28, about 5.
BUSINESS
September 29, 2003 | From Reuters
Manulife Financial Corp., Canada's third-largest insurer, said Sunday that it agreed to buy U.S. life insurer John Hancock Financial Services Inc. for about $10.8 billion, expanding Manulife's operations in the United States. The stock swap deal, the largest corporate transaction in the U.S. so far this year, would vault Manulife back into the top spot among Canadian insurers and make it the second-largest insurer in North America and No. 5 in the world.
BUSINESS
March 29, 2003 | Richard Verrier, Times Staff Writer
Liberty Media Corp., the investment company controlled by cable magnate John Malone, accused French media giant Vivendi Universal on Friday of hiding its financial problems to entice Liberty into a stock exchange last year. In a lawsuit filed in U.S. District Court in New York, Liberty claimed that Vivendi and two of its former officers were guilty of "outright fraud, misrepresentation and concealment to deceive Liberty about its indebtedness and lack of cash" at the time of the stock swap.
BUSINESS
March 18, 2003 | From Times Wire Services
Pixelworks Inc. and Genesis Microchip Inc. agreed to merge in a $600-million stock swap in a bid to expand their combined reach in the market for chips that power television screens and flat-panel displays. The deal is structured as a reverse takeover whereby Pixelworks would issue stock to Genesis shareholders, who would in turn wind up with a majority stake in the combined company. It would be called Genesis Pixelworks. Pixelworks would issue 2.3366 common shares, or $17.
BUSINESS
October 3, 2000
TriZetto Group Inc., a Newport Beach Internet health services firm, said Monday that it has completed a $183-million stock swap to acquire a Connecticut company's subsidiary that sells software to managed-care companies. TriZetto said in a press release that it turned over more than 12 million shares to purchase Erisco Managed Care Technologies, a unit of drug data giant IMS Health Inc. in Westport, Conn. IMS ended up with a 33% stake in TriZetto.
BUSINESS
April 30, 1998 | Marla Matzer
At least one other Los Angeles company besides Walt Disney Co. was interested in buying Buzz magazine, which filed for Bankruptcy Court protection and closed this week. Disney-owned Fairchild Publications plans to pay $5.3 million for Buzz's subscription list and trademarks. Detour magazine, an L.A.-based monthly with a paid circulation of about 115,000, made a play to acquire Buzz and keep it afloat, said President and Chief Executive John Evans.
BUSINESS
December 4, 2001 | Reuters
MedImmune Inc. agreed to buy vaccine maker Aviron in a bid to add FluMist, Aviron's promising treatment for influenza, to its own portfolio of drugs for infectious diseases. Gaithersburg, Md.-based MedImmune will exchange 1.075 of its shares for each Aviron share. Based on MedImmune's closing stock price of $38.83, the offer values Aviron at $41.74 a share, or about $1.3 billion. The transaction is one of the largest ever between two biotechnology companies. MedImmune shares fell $5.27, or 11.
BUSINESS
August 30, 2001 | From Reuters
Rival forest products companies Mead Corp. and Westvaco Corp. said Wednesday that they plan to merge in a $3-billion stock swap, creating the fourth-largest paper producer in North America. Shares of both companies jumped on the news, with Westvaco's stock rallying nearly 10% to levels unseen since May 2000. Mead shares rose about 9% to an eight-month high. The new MeadWestvaco Corp. is expected to benefit earnings on a pro forma basis by $1.
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