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BUSINESS
April 24, 1995 | Times Staff and Wire Reports
Luxottica Group to Pay $1.4 Billion for U.S. Shoe Corp. The Italian retailer said it reached a definitive agreement to buy the owner of Lenscrafter's, Casual Corner women's wear, Capezio and Evan-Picone footwear for $28 a share in cash. The offer represents an increase from the $24 a share, or $1.11 billion, Luxottica originally offered on March 3 when it began an uninvited takeover of the Cincinnati-based retailer. Luxottica will keep U.S.
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BUSINESS
March 4, 1995 | Times Staff and Wire Reports
Italian Firm Offers $1.1 billion for U.S. Shoe: Italian eye wear maker Luxottica Group mounted a drive to acquire U.S. Shoe Corp., parent of the LensCrafters chain, for $1.1 billion, but the price did not immediately tempt U.S. Shoe. Luxottica, which sells eyeglasses worldwide, said it was making its $24-a-share offer directly to shareholders after it had been rebuffed by U.S. Shoe executives about a friendly merger.
BUSINESS
March 4, 1995 | Times Staff and Wire Reports
Italian Firm Offers $1.1 billion for U.S. Shoe: Italian eye wear maker Luxottica Group mounted a drive to acquire U.S. Shoe Corp., parent of the LensCrafters chain, for $1.1 billion, but the price did not immediately tempt U.S. Shoe. Luxottica, which sells eyeglasses worldwide, said it was making its $24-a-share offer directly to shareholders after it had been rebuffed by U.S. Shoe executives about a friendly merger.
BUSINESS
April 24, 1995 | Times Staff and Wire Reports
Luxottica Group to Pay $1.4 Billion for U.S. Shoe Corp. The Italian retailer said it reached a definitive agreement to buy the owner of Lenscrafter's, Casual Corner women's wear, Capezio and Evan-Picone footwear for $28 a share in cash. The offer represents an increase from the $24 a share, or $1.11 billion, Luxottica originally offered on March 3 when it began an uninvited takeover of the Cincinnati-based retailer. Luxottica will keep U.S.
BUSINESS
August 16, 1988 | From Reuters
U.S. Shoe Corp., a diversified manufacturer and retailer of shoes, clothing and eye-care products, said Monday that it has retained Merrill Lynch & Co. to explore a possible sale of all or part of the company. The announcement sent U.S. Shoe's stock sharply higher. It rose $5.875 to close at $24.50 a share on the New York Stock Exchange. U.S.
BUSINESS
April 27, 1989
Sale of U.S. Shoe Collapses: U.S. Shoe Corp. said a $422.5-million deal to sell its footwear division to an investment group headed by Merrill Lynch Capital Partners Inc. has fallen through. The company said Merrill Lynch advised it that certain conditions of the agreement have not been met and that it did not intend to buy the unit on originally specified terms. It did not elaborate. The company, a footwear, clothing and eye-care company whose brand-name shoes include Calvin Klein and Capezio, agreed in February to the buyout, which included the sale of its name and headquarters as part of a restructuring designed to head off a possible hostile takeover bid.
BUSINESS
August 16, 1988 | From Reuters
U.S. Shoe Corp., a diversified manufacturer and retailer of shoes, clothing and eye-care products, said Monday that it has retained Merrill Lynch & Co. to explore a possible sale of all or part of the company. The announcement sent U.S. Shoe's stock sharply higher. It rose $5.875 to close at $24.50 a share on the New York Stock Exchange. U.S.
BUSINESS
February 3, 1995 | From Reuters
The California Public Employees Retirement System on Thursday named nine companies as targets during this spring's annual meeting season because their stocks have not performed well. CalPERS, the nation's largest public pension fund and long a leader in shareholder activism, said it has met with or sought meetings with the boards of each of the companies because they are "economic under-performers." They include paper manufacturer Boise Cascade Corp.; retailers Kmart Corp. and Melville Corp.
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