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BUSINESS
May 27, 1992 | ANNE MICHAUD, SPECIAL TO THE TIMES
A British ally of Ropak Corp., a plastic-packaging manufacturer, has purchased a 9% block of its common stock for about $1.65 million. The Linpac Group, based in Louth, Lincolnshire, on England's eastern coast, bought the stock from two institutional investors, Massachusetts Mutual Life Insurance Co. and Mass Mutual Corporate Investors. Ropak said the shares were priced at $4.50 each. In over-the-counter trading Tuesday, Ropak shares closed unchanged at $5.25.
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BUSINESS
January 19, 1999 | P.J. Huffstutter
In a move to expand its European operations, Rockwell International Corp.'s automation unit acquired EJA Engineering Ltd. for an undisclosed amount, the Costa Mesa-based company said Monday. EJA, a manufacturer of safety products, employs 190 people in its headquarters in Wigan, England. The company, which also has a Milwaukee facility and sales offices in France and Germany, makes such products as safety interlock switches, safety relays and machine guarding systems.
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BUSINESS
December 3, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
A special directors committee at Ropak Corp., a major maker of plastic shipping containers, put a pending sale of the company in jeopardy Friday by calling a British firm's $53-million offer "inadequate." The three-member committee, basing its decision on a confidential report from a New York investment bank, rejected the $10.50-a-share bid by Linpac Mouldings Ltd. in Birmingham, England.
BUSINESS
February 4, 1998 | (Bloomberg News)
PacifiCorp of Portland, Ore., sweetened its offer for Britain's Energy Group, offering $10.68 billion in cash and assumed debt. The power company offered $12.62 a share, 11% more than its previous bid in June. That offer expired in August after regulatory delays. PacifiCorp said it would assume $4.1 billion in debt, including Energy Group leasing obligations. PacifiCorp has an edge on two rivals for the company, Texas Utilities Co.
BUSINESS
February 21, 1995 | PATRICE APODACA, TIMES STAFF WRITER
In its 40-year history, ITC Entertainment Group has gone from the heights of producing Academy Award winners such as "Sophie's Choice" and "On Golden Pond" to more recent B-movies such as the "Stepfather" slasher films. In headier days, the Studio City company was one of the world's leading independent entertainment firms and once counted among its treasures the Beatles music catalogue.
BUSINESS
July 2, 1988 | WILLIAM K. KNOEDELSEDER Jr., Times Staff Writer
MTM Entertainment, the television production company founded in 1970 by actress Mary Tyler Moore and her then-husband Grant Tinker, reportedly is being sold to a small British television production firm called Television South for about $325 million. Neither MTM nor Television South (TVS) would confirm the deal, which was reported Friday by the Financial Times of London. "The company cannot comment on speculation or rumor," a spokesman for Studio City-based MTM said Friday.
BUSINESS
April 11, 1996
Fluor Corp.'s main subsidiary, Fluor Daniel, acquired a British maintenance, consulting and manpower services company with 450 employees. Financial terms were not disclosed. Privately owned T.A. Group Ltd. in Farnham, U.K., will operate under its own name as a subsidiary of Fluor Daniel and will work with Fluor Daniel divisions in England and the Netherlands.
BUSINESS
October 27, 1989 | From Associated Press
General Motors Corp. is seeking U.S. regulatory clearance to purchase up to 15% of Jaguar PLC, a GM spokesman said Thursday. Jaguar, which wants to remain independent and may face a takeover bid from Ford Motor Co., has been talking with GM about a cooperative agreement that would involve GM, the world's biggest auto maker, buying a minority stake in Jaguar. GM's application for regulatory clearance was made within the context of those talks, sources said.
BUSINESS
July 27, 1988 | AL DELUGACH, Times Staff Writer
Two British stockbrokers, one in Los Angeles and the other in London, lost $21,700 on an ill-fated foray into the mostly lucrative world of insider trading, U.S. regulators said in a lawsuit Tuesday. The brokers, who also lost their jobs, are Geoffrey Collier, a former managing director of Morgan Grenfell Securities Ltd. of London, and Michael Cassell, a former director and registered representative at Vickers da Costa Securities in Los Angeles.
BUSINESS
September 8, 1987 | From Reuters
Ford Motor Co. said Monday that it plans to buy Britain's prestige auto maker Aston Martin Lagonda Ltd., whose fans include the heir to the British throne and fictional spy James Bond. The purchase of Aston Martin, which specializes in hand-built, high-performance cars, gives Ford access to the thoroughbred car market. The purchase price was not disclosed.
BUSINESS
September 2, 1997 | From Associated Press
General Motors Corp. said Monday that it will introduce U.S.-made Cadillacs to Britain for the first time next week, trying to capture a bigger share of the country's luxury automobile market. GM's British subsidiary, Vauxhall, hopes that the Cadillac Seville SLS and STS cars will take business away from Jaguar, the British car maker owned by U.S. rival Ford Motor Co., as well as Mercedes and BMW of Germany and the Lexus luxury cars made by Japan's Toyota.
BUSINESS
June 14, 1997 | CHRIS KRAUL, TIMES STAFF WRITER
After announcing the terms Friday of its $9.6-billion agreement to buy Energy Group of Britain, Oregon-based PacifiCorp served notice that it has no intention of stopping there--and that future deals could range from India to California. Indeed, PacifiCorp said it might bid for some or all of the 16 California power plants put on the market by Southern California Edison and Pacific Gas & Electric.
BUSINESS
April 11, 1996
Fluor Corp.'s main subsidiary, Fluor Daniel, acquired a British maintenance, consulting and manpower services company with 450 employees. Financial terms were not disclosed. Privately owned T.A. Group Ltd. in Farnham, U.K., will operate under its own name as a subsidiary of Fluor Daniel and will work with Fluor Daniel divisions in England and the Netherlands.
BUSINESS
March 17, 1995 | Times Staff and Wire Reports
Glaxo-Wellcome Merger Passes U.S. Scrutiny: Glaxo's $14.3-billion deal with rival British drug maker Wellcome received antitrust clearance from the Federal Trade Commission. The new Glaxo-Wellcome will be the world's largest pharmaceutical company, with annual sales of $12.7 billion and a 5.3% market share. The FTC's approval is conditional on Glaxo divesting itself of a migraine drug it has under development.
BUSINESS
August 19, 1988 | From Reuters
Pennwalt Corp. said Thursday that it is selling its drug unit to Britain's Fisons PLC for $460 million in cash and may distribute the proceeds to shareholders, sending rumored takeover target Pennwalt's stock up sharply. Pennwalt said the sale, which exceeds the amount most analysts had expected, may be used to buy back stock or pay a special dividend. Analysts estimated that the payout could be about $24 a share.
BUSINESS
May 8, 1994 | JEFF KAYE, SPECIAL TO THE TIMES
Pulling off the highway into this suburb east of London, a visitor can quickly see why West Thurrock is probably the greatest bastion of American shopping culture in Great Britain. There are familiar names, now recognizable to most Brits, such as Burger King and Toys R Us. There's a giant American-style supermarket, this one a British-owned Tesco.
BUSINESS
March 1, 1995 | From Reuters
BPB Industries of Britain on Tuesday offered $1.1 billion for National Gypsum Co., the No. 2 U.S. wallboard producer, and investors were betting that bidding would rise. BPB, a major wallboard producer and an industrial force in Europe, said it offered $48.50 a share for all of National Gypsum, which emerged from bankruptcy less than two years ago. Charlotte-based National Gypsum said this is the first "outside" offer received since it rejected two unsolicited offers from companies led by C.D.
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.
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