March 4, 1995 |
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.
July 7, 1992 |
Buon Giorno! Rockwell International's Digital Communications Division in Newport Beach has opened an office in Milan, Italy. Alberto Mantovani, formerly a product marketing engineer at AT&T Microelectronics, will head the office as sales manager for modem systems sales in Italy, Spain, Portugal and Greece. The Digital Communications Division manufactures computer chips for modems and facsimile machines.
August 1, 1990 |
Fiat Group, Italy's largest industrial company, and Ford Motor Co. formed a joint venture Tuesday to merge their agricultural subsidiaries into a new company controlled by Fiat. The move further's Ford's goal of ridding itself of its non-automotive operations. Last week, Ford announced it was entering final negotiations with Loral Corp. of New York over the sale of Ford Aerospace Corp. In the agreement announced Tuesday, which must be approved by the Italian and U.S.
May 17, 1990
Italcable U.S.A., a subsidiary of Italcable SpA, which is half-owned by the Italian government, has acquired 1.4 million shares, or 29.4%, of Voicemail International Inc., the Santa Clara, Calif., maker of voice-forwarding systems. The acquisition was in the form of $2 million worth of Voicemail's 9% convertible subordinated debentures due July 13, 1994, according to a filing with the Securities and Exchange Commission. Italcable SpA is half-owned by the Italian government.
March 8, 1990 |
Hollywood doesn't always embrace aspiring film moguls, and many were skeptical when Giancarlo Parretti came to town in 1987 with a bankroll and an ambition to build the next important film company. In 1988, the Italian financier won control of Cannon Group, a struggling mini-studio, and on Wednesday his Pathe Communications announced plans to buy MGM/UA Communications for $1 billion.
October 14, 1989
Borden Inc. said it has agreed to acquire FIAP Group of Milan, Italy, in a move that will increase Borden's European plastic packaging business by about 60%. Borden, a diversified consumer products company that last month announced 7,000 layoffs and the closure of 65 dairy plants, did not disclose how much it will pay for FIAP. FIAP's estimated 1989 sales are about $90 million, compared to about $150 million for Borden's existing European plastic films and packaging units.