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BUSINESS
September 23, 1989 | NANCY RIVERA BROOKS, Times Staff Writer
Michelin Group said Friday that it agreed to buy Uniroyal Goodrich Tire Co. for $1.5 billion, including the assumption of $810 million in debt. The deal brings still more consolidation to the increasingly competitive tire industry in a move that will leave Goodyear Tire & Rubber as the only major U.S.-owned tire maker. The purchase hands Michelin a bigger piece of the lucrative U.S.
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BUSINESS
September 21, 1999 | MARC BALLON, TIMES STAFF WRITER
Furon Co., a Laguna Beach developer of specialty plastic products for the commercial and health-care markets, is being acquired by the world's top glass maker in a transaction valued at $501 million, the companies said Monday. The acquisition by Norton Co., a unit of France's Compagnie de Saint Gobain, would create one of the world's biggest manufacturers of high-performance plastics used in the electronics, automotive, medical and food and beverage industries.
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BUSINESS
October 29, 1991 | Dean Takahashi / Times staff writer
Parlez-vous fran c ais? Optima Technology Corp., an Irvine manufacturer of mass storage systems for networks of personal computers, is establishing a joint venture in France. Optima said it has teamed up with distributor ComputerWorld France to start a joint venture to be called Optima Europe. The venture opened a manufacturing and distribution plant in Paris this week.
BUSINESS
September 21, 1999 | MARC BALLON, TIMES STAFF WRITER
Furon Co., a Laguna Niguel developer of specialty plastic products for the commercial and health care markets, is being acquired by the world's top glassmaker in a transaction valued at $501 million, the companies announced Monday. The acquisition by Norton Co., a unit of France's Compagnie de Saint Gobain, will create one of the world's biggest manufacturers of high-performance plastics used in the electronics, automotive, medical and food and beverage industries.
BUSINESS
April 11, 1992 | CHRIS WOODYARD, TIMES STAFF WRITER
No matter how they tried, the planners at PBR Inc. couldn't properly convey their home-grown ideas for the Euro Disney Resort to a group of visiting French urban designers. So the Irvine development consulting firm arranged a quick tour of some of Southern California's newest communities--the ultra-planned Tustin Ranch and Rancho Santa Margarita in southern Orange County.
BUSINESS
September 23, 1989 | JAMES FLANIGAN, Times Staff Writer
What does it mean that Michelin Group of France is buying Uniroyal Goodrich and becoming the largest tire company in the world and a stronger force in the U.S. market? The stock market decided Friday that it wasn't so good for Goodyear. The stock of the last remaining U.S.-owned major tire maker fell $1.25, to $53.625 a share, on news of the Michelin deal.
BUSINESS
April 14, 1988 | GEORGE WHITE, Times Staff Writer
The French owner of the flashy Elle fashion magazine agreed Wednesday to pay $712 million to buy the company that publishes Woman's Day, Car & Driver and American Photographer. Paris-based Hachette would get the magazines owned by Diamandis Communications, a New York-based firm formed last year by a management-led buyout of CBS' magazine division. Hachette said the deal would make it the world's largest producer of magazines. "We're No.
BUSINESS
June 3, 1999 | Denise Gellene
Visa USA said it renewed its sponsorship of the Triple Crown, making it the preferred card at Churchill Downs, Pimlico Race Course and Belmont Park, where Charismatic will attempt to become the 12th triple crown winner on Saturday. Financial terms weren't disclosed. . . . Publicis, a French advertising agency that's been on a shopping spree lately, acquired a 49% stake in Chicago-based Burrell Communications, a black-owned agency and specialist in advertising to minorities.
BUSINESS
March 22, 1995 | Times Staff and Wire Reports
Motorola, NEC to Invest in France's Bull: The American electronics powerhouse and the Japanese computer and telecom vendor will each take a 17% stake in money-losing French computer maker Cie des Machines Bull, sources close to the talks in Paris said. IPC of Singapore will take less than 10% later in the year, while IBM Corp. is prepared to raise its stake in Bull to 5% from 1.8%, they added.
BUSINESS
April 29, 1992 | From Times Staff and Wire Reports
LTV Sale to French Clears Hurdle: Deputy Defense Secretary Donald Atwood said he would have no objection to Thomson's purchase of LTV Corp.'s defense business as long as the foreign ownership is passive and barriers remain on the transfer of U.S. technology overseas. "It has to become a passive ownership or it doesn't fly," Atwood told a joint panel of the House Armed Services Committee. Atwood said the Pentagon now remains neutral on the French company's proposed buy of LTV.
BUSINESS
June 3, 1999 | Denise Gellene
Visa USA said it renewed its sponsorship of the Triple Crown, making it the preferred card at Churchill Downs, Pimlico Race Course and Belmont Park, where Charismatic will attempt to become the 12th triple crown winner on Saturday. Financial terms weren't disclosed. . . . Publicis, a French advertising agency that's been on a shopping spree lately, acquired a 49% stake in Chicago-based Burrell Communications, a black-owned agency and specialist in advertising to minorities.
BUSINESS
March 22, 1995 | Times Staff and Wire Reports
Motorola, NEC to Invest in France's Bull: The American electronics powerhouse and the Japanese computer and telecom vendor will each take a 17% stake in money-losing French computer maker Cie des Machines Bull, sources close to the talks in Paris said. IPC of Singapore will take less than 10% later in the year, while IBM Corp. is prepared to raise its stake in Bull to 5% from 1.8%, they added.
BUSINESS
February 24, 1995 | Times Staff and Wire Reports
AT&T and French Partner Quadral Hang Up on Bull: The companies withdrew at the last minute from talks about taking a big stake in the French state-owned computer maker, and the breakdown raised doubt about the outcome of the privatization. They said they quit the negotiations because the French government refused to open the telecommunications market before its scheduled deregulation in 1998.
BUSINESS
January 26, 1995 | Times Staff and Wire Reports
French TV Signs Deal With Time Warner: Though the government has been a vocal advocate of quotas and restrictions aimed at limiting the dominance of such U.S. companies in Europe, the France Television-Time Warner Inc. accord is the latest in a series of Franco-American deals indicating that top executives in the industry see cooperation, rather than confrontation, as the best option.
BUSINESS
October 8, 1994 | From Times Staff and Wire Reports
In a move that could score critical points with the French government, Walt Disney Co. said Friday that it is creating a company within its Miramax Films unit to promote the distribution of French films in the United States. Disney, which will also increase cartoon production in Paris, is providing about $6 million in start-up funds for the company. It will invest $20 to $30 million more each year in European co-productions. Disney denied that the announcement was linked to recent U.S.
BUSINESS
June 15, 1994 | LESLIE HELM, TIMES STAFF WRITER
Jockeying for a better position in the increasingly competitive world telecommunications market, the telephone monopolies of France and Germany said Tuesday that they will spend $4.2 billion for a 20% stake in Sprint Corp., America's third-largest long-distance carrier. The investment by Deutsche Telekom and France Telecom, if approved by regulatory authorities in each country, will give Sprint the global reach and financial muscle it needs to compete with market leaders AT&T and MCI.
BUSINESS
May 15, 1992 | RALPH VARTABEDIAN, TIMES STAFF WRITER
The Pentagon's intelligence agency has concluded in a secret report that the acquisition of LTV's missile business by French-owned Thomson would pose an unacceptable risk to U.S. national security, according to testimony at a congressional hearing Thursday. The disclosure comes amid an increasingly contentious lobbying campaign by Thomson and by the losing bidders for the LTV unit, Lockheed and Martin Marietta.
BUSINESS
October 7, 1993 | From Times Staff and Wire Reports
ICM Entering European Venture: International Creative Management, one of Hollywood's top talent agencies, will form ICM France with Paris-based Artmedia to represent European artists and develop production financing in Europe. Artmedia is Europe's largest talent agency. The new venture, also to be based in Paris, will be supervised by ICM executive Peter Rawley, Artmedia executive Francois Samuelson and Lyndi van der Hout.
BUSINESS
July 7, 1992 | From Associated Press
French electronics giant Thomson-CSF has dropped a controversial bid for the missile division of LTV Corp., a spokesman for the Dallas-based defense contractor said Monday. It may come up with a new bid more palatable to U.S. officials, however. Thomson-CSF told the government Committee on Foreign Investment, which appeared to be opposed to the proposed takeover, that it will withdraw its $300-million offer.
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