November 5, 1997 |
Cisco Systems Inc., the biggest maker of equipment to link computers into networks, on Tuesday reported an 86% jump in quarterly profit. The San Jose-based company earned $337 million, or 48 cents a share, in its fiscal first quarter ended Oct. 25. That was up from a profit of $181 million, or 26 cents, for the same period last year. Sales rose 30%, to $1.87 billion from $1.45 billion. The profit reflects a charge of $127.
October 3, 1997 |
U.S. Filter Corp. said it completed 19 acquisitions at a total cost of $215 million during its fiscal second quarter, adding new technologies and products. The Palm Desert-based manufacturer of treatment systems for water and waste water said the acquisitions, completed in the quarter ended Tuesday, add 58 locations to its existing network of 525 sales and service locations and 73 manufacturing plants worldwide.
September 19, 1997 |
Memtec Ltd., an Australian-based filtration products company, rejected a $330-million takeover bid from Palm Desert-based U.S. Filter Corp. as "opportunistic and woefully inadequate." Memtec American depositary receipts rose $9.50 to close at $34.13 in Nasdaq trading of 3.01 million shares, more than 26 times the three-month daily average. The rise indicates that investors expect U.S. Filter will have to boost its bid. U.S. Filter shares fell 94 cents to close at $40.81 in trading of 1.
April 29, 1997 |
United States Filter Corp. said it completed 12 acquisitions for undisclosed terms and plans to make five more as part of a strategy to expand its businesses and services worldwide. The water and water-treatment systems company's acquisitions have a total combined revenue of about $60 million for the last 12 months, said U.S. Filter Executive Vice President Tim Traff. Palm Desert-based U.S.
September 17, 1996 |
U.S. Filter Corp., relentlessly pursuing an acquisition binge to be the global leader in municipal and industrial water treatment, agreed Monday to buy the industrial water treatment unit of Wheelabrator Technologies Inc. for $385 million in cash. The purchase would be only the latest in a flurry of takeovers by U.S. Filter, a Palm Desert-based provider of water treatment machinery and services that has bought more than 40 similar companies since 1990, including several this year.