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U S Filter Corp

BUSINESS
November 5, 1997 | From Times Wire Services
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.
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BUSINESS
October 3, 1997 | Bloomberg News
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.
BUSINESS
September 19, 1997 | (Bloomberg News)
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.
BUSINESS
September 17, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
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.
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