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BUSINESS
March 8, 1988 | JESUS SANCHEZ, Times Staff Writer
Firestone Tire & Rubber Co. found itself Monday in the middle of an international tug of war between Italian and Japanese industrial giants. On Monday, it was Italian tire maker Pirelli that launched a $1.9-billion takeover bid for the tire company, once a symbol of America's industrial power. Only three weeks ago, Bridgestone Corp. of Japan agreed to pay $1.25 billion for 75% of Firestone's tire business.
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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.
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BUSINESS
June 2, 1992 | Dean Takahashi / Times staff writer
Expansion in Italy: Satellite Technology Management Inc. in Costa Mesa said it has signed distributor agreements with COM.NET SPA to expand two existing customer networks in Italy. The company said it will also establish a network to be employed by the Italian space communications agency, Telespazio. The total value of the satellite network orders is about $1.8 million, the company said.
BUSINESS
July 7, 1992 | Dean Takahashi / Times staff writer
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.
BUSINESS
February 8, 1989 | From Reuters
Italtel Spa, the state-owned telecommunications equipment maker, said Tuesday that it selected American Telephone & Telegraph Co. as a partner, virtually ensuring AT&T a role in Italy's huge telephone modernization project. The government is planning to spend more than $25 billion (35 trillion lire) through 1993 on the modernization. AT&T and Italtel have not disclosed details of their partnership.
BUSINESS
September 15, 1987 | JAMES BATES, Times Staff Writer
Shamrock Holdings, the private investment company controlled by Roy E. Disney, said Monday that it has agreed to sell its Central Soya soybean processor to an Italian agricultural concern in a deal valued at $365 million, thus reaping a $170-million profit for Shamrock and its partners.
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
August 1, 1990 | From Associated Press
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.
BUSINESS
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.
BUSINESS
March 8, 1990 | PAUL RICHTER, TIMES STAFF WRITER
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.
BUSINESS
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.
BUSINESS
February 8, 1989 | From Reuters
Italtel Spa, the state-owned telecommunications equipment maker, said Tuesday that it selected American Telephone & Telegraph Co. as a partner, virtually ensuring AT&T a role in Italy's huge telephone modernization project. The government is planning to spend more than $25 billion (35 trillion lire) through 1993 on the modernization. AT&T and Italtel have not disclosed details of their partnership.
BUSINESS
February 16, 1988 | JESUS SANCHEZ, Times Staff Writer
Italian tire manufacturer Pirelli is reportedly negotiating to buy the tire making operations of Firestone Tire & Rubber Co. for $1 billion, according to Italian newspaper reports. A sale would continue the series of mergers and acquisitions among tire makers, which are trying to cut costs in the face of sluggish sales and stiff competition. "The trend is definitely toward mergers," said Bob Ulrich, assistant editor at Modern Tire Dealer magazine. "Everybody is preparing for the future.
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