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BUSINESS
August 31, 1995 | Times Staff and Wire Reports
2 Telecom Companies Reportedly to Take 40% of CNI: AT&T Corp. and Unisource, a European telecommunications venture, plan to take the joint stake in the German telecom group Communications Network International, industry sources said. AT&T and Unisource, a consortium of Dutch, Swiss, Swedish and Spanish public phone companies, will take up shares from RWE, the German utility, which is expected to announce its departure from the CNI group next week, the sources said.
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BUSINESS
November 25, 2003 | From Reuters
A group of investors led by financial buyout firm Kohlberg Kravis Roberts agreed to take Arizona electric and gas utility UniSource Energy Corp. private by buying it for $853 million. The deal, which underlines the growing attraction of utilities' assets to private equity investors, will see the buyers taking on a little over $2 billion of UniSource's debt, valuing the whole transaction at $3 billion.
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BUSINESS
November 25, 2003 | From Reuters
A group of investors led by financial buyout firm Kohlberg Kravis Roberts agreed to take Arizona electric and gas utility UniSource Energy Corp. private by buying it for $853 million. The deal, which underlines the growing attraction of utilities' assets to private equity investors, will see the buyers taking on a little over $2 billion of UniSource's debt, valuing the whole transaction at $3 billion.
BUSINESS
August 31, 1995 | Times Staff and Wire Reports
2 Telecom Companies Reportedly to Take 40% of CNI: AT&T Corp. and Unisource, a European telecommunications venture, plan to take the joint stake in the German telecom group Communications Network International, industry sources said. AT&T and Unisource, a consortium of Dutch, Swiss, Swedish and Spanish public phone companies, will take up shares from RWE, the German utility, which is expected to announce its departure from the CNI group next week, the sources said.
BUSINESS
July 14, 1995 | DAN MARGOLIS
Unisource Corp. announced it will expand its customer service operations next month and move them from Long Beach to Huntington Beach, creating more than 100 new jobs for Orange County. The wholesale paper distributor cited Huntington Beach's reputation as a safe city and the high number of professionals living in the area.
BUSINESS
April 20, 1999 | Bloomberg News
* Infonet Services Corp. agreed to buy the business and assets of a joint venture between AT&T Corp. and Unisource, an alliance of three European phone companies, to expand services to multinational corporations. Financial terms were not disclosed. El Segundo-based Infonet is itself 56% owned by the Unisource partners: Sweden's Telia, Switzerland's Swisscom and the Netherlands' Royal KPN.
BUSINESS
August 16, 1985
Phillip E. Erickson has been named executive vice president of Unisource Corp., Long Beach, a company that was created in April through the combination of two paper-distribution companies, Blake, Moffitt & Towne and Carpenter/Offutt.
BUSINESS
May 11, 1999
* Georgia-Pacific Corp., maker of building products and paper, made an unsolicited offer of $842 million, or $12 a share, for Unisource Worldwide Inc., the largest U.S. distributor of paper and janitorial supplies. The bid tops an offer by UGI Corp., the largest U.S. propane seller. Both deals would assume $650 million in Unisource debt. The UGI offer, made in March, values Unisource at about $10.08 a share, based on UGI's Friday closing price of $17.81. UGI declined to comment.
NEWS
January 20, 2002 | JAMES FLANIGAN, TIMES SENIOR ECONOMICS WRITER
The collapse of Enron Corp., so far a political, legal and investor crisis, is now imposing widespread costs on the U.S. economy, according to a range of companies, energy experts and bankers. Electricity and natural gas companies are facing higher costs. Projects to build power plants, pipelines and transmission lines are being put on hold. And in all sections of the economy, companies with high debts are feeling the pinch of tighter credit.
BUSINESS
July 3, 1997 | (Associated Press)
Outflanked by rivals in key overseas markets, AT&T Corp. fought back by aligning with Italian phone carrier Stet to take advantage of the carrier's strength in Latin America and Europe. Basking Ridge, N.J.-based AT&T and Societa Finanziaria Telefonica per Azioni, or Stet, said they formed a joint venture to sell phone services in the booming Latin American market starting next year.
BUSINESS
July 14, 1995 | DAN MARGOLIS
Unisource Corp. announced it will expand its customer service operations next month and move them from Long Beach to Huntington Beach, creating more than 100 new jobs for Orange County. The wholesale paper distributor cited Huntington Beach's reputation as a safe city and the high number of professionals living in the area.
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