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Stock Swaps

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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
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.
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BUSINESS
October 29, 1991 | From Associated Press
Comerica Inc. said Monday that it will absorb cross-town rival Manufacturers National Corp. in a stock merger valued at about $1.1 billion that would create one of the nation's biggest banks. The deal is the latest in a wave of consolidations to sweep the banking industry in the past few months. It would create a banking company with about $26.8 billion in assets, putting it among the 30 biggest banks in the nation.
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
April 11, 1994
Privately owned Laparomed Corp. said it has agreed to be acquired by Advanced Surgical Inc. of New Jersey in an all-stock deal that will give Laparomed shareholders a 26.5% stake in the combined companies. Terms were not disclosed, but the deal appears to be worth $10 million to $11 million based on Friday's $3.75 per share closing price for Advanced Surgical stock in the Nasdaq Small-Cap market. Both companies make and market instruments for so-called less-invasive, or laparoscopic, surgery.
BUSINESS
April 15, 2000 | From Times Staff and Wire Reports
Ford Motor Co. said Friday that it will launch a massive stock-swap plan and pay shareholders up to $10 billion in cash to bolster its stock price and to share profit from a booming automotive market with investors who have not been rewarded on Wall Street. The move, on a day the stock market plummeted, weakened the standing of the world's No.
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 29, 1994
Ivax Corp., a Miami company that makes chemical and generic drugs, has completed its acquisition of McGaw Inc. in a stock swap valued at about $440 million, the companies said Monday. McGaw shareholders will receive $16 worth of Ivax stock for each McGaw share. About half a share of Ivax common stock will be exchanged for each of McGaw's 27.4 million shares. Shares of McGaw, an Irvine-based intravenous-solution maker, stopped trading Friday. Ivax stock closed Monday at $27.375, down $1.
BUSINESS
June 8, 1994
AmeriQuest Technologies Inc., a distributor of computer hardware, has traded 1.1 million newly issued common shares for 3.3 million shares, or 51%, of Kenfil Inc. common stock held by its principal shareholders. The stock swap, first announced in April, is part of AmeriQuest's proposed acquisition of Kenfil, a Van Nuys-based software distributor. Subject to the approvals of both companies' shareholders, the remaining Kenfil shares would be exchanged in a merger at the same conversion ratio of 0.
BUSINESS
June 6, 1992 | JAMES M. GOMEZ, TIMES STAFF WRITER
Tokos Medical Corp., the nation's leading manufacturer and provider of in-home pregnancy monitors and services, said Friday that it has signed an agreement to take over competitor CareLink Corp. in Irvine in a stock swap valued at $40.2 million. Craig Davenport, Tokos' president, said his company will acquire all privately held CareLink's shares in exchange for 1.2 million newly issued shares of Tokos stock.
BUSINESS
March 12, 2008 | Tom Petruno and Maura Reynolds, Times Staff Writers
Attempting to break the credit logjam that is threatening the already weakened economy, the Federal Reserve on Tuesday announced a new program to pump massive sums into the financial system. The battered stock market, which on Monday had fallen to its lowest levels in at least 18 months, responded with its biggest one-day rally in five years. The Dow Jones industrial average rocketed 416.66 points, or 3.6%, to 12,156.81.
BUSINESS
April 4, 2007 | From Bloomberg News
News Corp. shareholders approved an $11-billion asset swap that increases Rupert Murdoch's control over the company and transfers DirecTV Group Inc. to John Malone's Liberty Media Corp. The transaction was approved by 99.8% of Class B shareholders, who voted by proxy, Murdoch told investors at a special meeting in New York. Under the agreement signed in December, News Corp. will buy back the 16.3% stake held by Liberty in the company.
BUSINESS
February 14, 2007 | From the Associated Press
Media investor John Malone took the latest step to streamline Liberty Media Corp. by swapping a 1% stake in CBS Corp. for a television station in Wisconsin and $170 million in cash. It marked the latest move by Malone to simplify Liberty's corporate structure by swapping passive investments in other media companies for operating businesses. The day before, Liberty finalized a deal with Time Warner to exchange a block of Time Warner Inc. shares for the Atlanta Braves and other consideration.
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
August 11, 2004 | From Bloomberg News
News Corp. said its board unanimously endorsed the company's plan to shift headquarters to the U.S. from Australia, making it easier to attract investors in the world's largest economy. News Corp. shareholders will get one share in the U.S.-based company for every two shares they now own, the Sydney-based company said in a statement to the Australian Stock Exchange. News Corp. will have its primary listing in New York and secondary listings in Sydney and London.
BUSINESS
April 21, 2000 | BEN KLAYMAN, REUTERS
General Motors Corp. Thursday set an exchange rate that analysts called generous for its planned repurchase of as much as 14% of its common stock in exchange for about $9 billion of GM Hughes stock. The world's largest auto maker said it will issue 1.065 shares of stock in its Hughes Electronics Corp. communications unit--best known for its DirecTV pay-TV system--for each share of GM common stock shareholders offer to swap. GM's stock closed up 25 cents to $88.
BUSINESS
June 5, 1990
Fullerton-based Genatron Inc., a start-up company that is developing a line of pollution-free motors and generators, has acquired 60% of another fledgling company, Clean Air Resins Inc. of Santa Ana, in a stock swap. The value of the deal, which gives Genatron a two-year option on the remaining 40% of Clean Air Resins shares, was not disclosed. Clean Air Resins has developed a line of water-based resins for use in paints, gels, synthetic foam, coatings and other products.
BUSINESS
March 2, 2004 | From Bloomberg News
Liberty Media Corp., the media investment company controlled by John Malone, will do a stock swap with the heirs of Tele-Communications Inc.'s late founder, Bob Magness, reducing Malone's voting control of Liberty. Liberty will exchange 105 million Class A common shares, worth $1.2 billion at Liberty's Monday closing price, for the Magness family's Class B shares. Malone, 62, has voting rights over those shares as part of a 1998 agreement with the family.
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.
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