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U S Industries Inc

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BUSINESS
January 31, 1996 | From Times Wire Services
U.S.-British industrial giant Hanson said Tuesday that it will split into four companies in a bid to streamline its business and boost profit. The move completes a breakup that began last year, when Hanson spun off 34 U.S. businesses with sales of about $3 billion to form U.S. Industries Inc. The four companies will cover the areas of energy, chemicals, tobacco, and building materials and equipment.
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BUSINESS
August 12, 1997
Colombia's Ecopetrol and Los Angeles-based Occidental Petroleum Inc. began to pump and transport oil from eastern Colombia again after guerrilla attacks on a key pipeline shut down activities for six days. Workers from Ecopetrol finished repairs Saturday on the Cano Limon-Covenas pipeline, which carries about one-third of Colombia's oil output to port on the Caribbean coast.
BUSINESS
July 22, 1997 | From Bloomberg News
Callaway Golf Co. on Monday agreed to buy putter-maker Odyssey Sports Inc. from its parent, U.S. Industries Inc., for $130 million in cash. The purchase would give Callaway, the No. 1 maker of golf clubs in the U.S., the leading putter used on the Senior Professional Golf Assn. and Ladies Professional Golf Assn. tours, the company said. Callaway's Big Bertha drivers are the tours' No. 1 drivers, the company said.
BUSINESS
August 1, 1995 | From Reuters
British-American conglomerate Hanson agreed Monday to buy Britain's biggest regional electric company for $4 billion, the third takeover bid in as many weeks in the British utility industry. If it goes through, the all-cash offer for Eastern Group will be Hanson's first major acquisition since its $2.3-billion takeover of Quantum Chemical of the United States in 1993.
BUSINESS
March 29, 2000
Charles Kimmel has joined NowDocs.com Inc. in Aliso Viejo as chief financial officer. Kimmel was most recently chief operating officer and chief financial officer at Tivoli Industries Inc. He was also chief financial officer of AgeLogic Inc. and True Data Corp., and held executive financial posts at Genisco Technology Corp., Allegretti and Co. and U.S. Industries Inc. * Paul Freeman has been appointed director of corporate strategic development for Pacific Blue Micro in Newport Beach.
BUSINESS
January 31, 1996 | From Times Wire Services
U.S.-British industrial giant Hanson said Tuesday that it will split into four companies in a bid to streamline its business and boost profits. The move completes a breakup that began last year, when Hanson spun off 34 U.S. businesses with sales of about $3 billion to form U.S. Industries Inc. The four companies will cover the areas of energy, chemicals, tobacco, and building materials and equipment.
BUSINESS
August 23, 1985 | Associated Press
SCM Corp. stock continued a rally Thursday, climbing further above a $60-a-share takeover bid by Hanson Trust PLC amid speculation that a better offer would emerge. Hanson, a diversified British company, announced its $720-million cash offer for SCM on Wednesday, and SCM said Thursday that it was studying the bid. In response to the offer, SCM stock shot up $8 on Wednesday to close at $63 a share. On Thursday, SCM rose another $1.125 a share to $64.125 in heavy trading.
BUSINESS
August 31, 1985 | Associated Press
SCM Corp., fighting an unsolicited takeover bid by Hanson Trust PLC, said Friday that an investment group that includes members of its management has agreed to buy the diversified company for $854 million. The offer of $70 in cash and securities compares to the $60-a-share bid launched Aug. 21 by Hanson Trust, a diversified British company. A higher offer was no surprise, and investors had earlier bid up the stock of SCM well above Hanson's offer in anticipation of a bidding battle.
BUSINESS
February 23, 1995 | From Associated Press
Hanson, the Anglo-American industrial conglomerate, readied itself Wednesday to make further acquisitions by announcing a plan to spin off U.S. companies and reduce its debt. Hanson said it will place 34 subsidiaries, which include Jacuzzi Whirlpool Baths, Farberware Cookware, Ames Hardware Tools, into a group that will be listed on the New York Stock Exchange. The components of the new company, to be called U.S. Industries Inc., together had sales of nearly $3 billion last year.
BUSINESS
September 7, 1999
Kearny Real Estate Co., an investment arm of Morgan Stanley Real Estate Funds, sold Long Beach Corporate Square, a 145,000-square-foot office complex on a 6-acre site in the Bixby Knolls area of Long Beach, to Jacksonville, Fla.-based Regency Realty. Principals of the deal did not disclose the purchase price, but real estate sources estimated it at $10 million. The property comprises four low- and mid-rise office buildings at 4300 Long Beach Blvd.
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