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United States Foreign Investments Switzerland

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BUSINESS
August 30, 1988 | Associated Press
First Boston Inc. confirmed Monday that it is discussing a possible buyout by its major shareholder, the Swiss bank Credit Suisse, that would take the investment bank private. The companies' goal is to create "a global investment banking firm," First Boston said in a statement. Three months ago the companies, which together own the London-based investment bank Credit Suisse First Boston Ltd., said they were considering some form of restructuring.
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BUSINESS
April 12, 1995 | From Times Wire Services
A group of U.S. and Swiss investors led by Zurich Insurance Group agreed to pay $2 billion for Kemper Corp., a year after the U.S. asset management and life insurer rejected a $2.4-billion hostile bid by General Electric Co. News of the deal drove Kemper's stock up $4.375, or nearly 11%, to $45.75 on the New York Stock Exchange. The price tag is also far below that offered by Conseco Inc. last year during a bidding war for the financial services company.
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BUSINESS
April 12, 1995 | From Times Wire Services
A group of U.S. and Swiss investors led by Zurich Insurance Group agreed to pay $2 billion for Kemper Corp., a year after the U.S. asset management and life insurer rejected a $2.4-billion hostile bid by General Electric Co. News of the deal drove Kemper's stock up $4.375, or nearly 11%, to $45.75 on the New York Stock Exchange. The price tag is also far below that offered by Conseco Inc. last year during a bidding war for the financial services company.
BUSINESS
November 15, 1994 | DAVID R. OLMOS, TIMES STAFF WRITER
Shares of Chiron Corp. were up again Monday on reports that Switzerland's Ciba-Geigy is in negotiations with the Emeryville, Calif.-based biotechnology company to buy a significant minority stake for nearly $2 billion. Chiron, which manufactures drugs used to treat multiple sclerosis, cancer and other illnesses, had disclosed Friday that it was in talks with an unidentified company interested in buying a substantial stake in the firm.
BUSINESS
November 14, 1991 | From Times Staff and Wire Reports
Alcoa to Form Venture With Swiss Firm: Aluminum Co. of America and a Swiss aluminum maker said they would form a joint venture to make flat-rolled products for the European automotive, industrial and aerospace markets. Alcoa will have a 60% stake in the venture with Alusuisse-Lonza Holding Ltd. of Zurich. The venture will invest about $210 million in modernizing the aluminum rolling equipment, smelter and ingot casting facilities owned by Alusuisse Swiss Aluminum Ltd.
BUSINESS
January 10, 1989 | Associated Press
The Justice Department said Monday that it will sue to block two proposed joint ventures between Westinghouse Electric Corp. and a Swiss company. The ventures between Westinghouse and Asea Brown Boveri Inc. of Zurich, Switzerland, would involve the manufacture and sale of electric power generation, transmission and distribution products. The announcement came just two weeks after U.S. Atty. Gen. Dick Thornburgh launched an effort to stem a "fear of an antitrust challenge."
BUSINESS
March 22, 1993 | CHRIS KRAUL, TIMES STAFF WRITER
When Scripps Research Institute signed a 10-year, $300-million research agreement in December that gives Swiss pharmaceutical giant Sandoz first rights on all technology developed at the La Jolla facility, neither party anticipated the firestorm that was to erupt. Scripps seemed to be in line with other research laboratories--whether university-run or private--that have increasingly collaborated with the corporate world to make up for growing costs and a scarcity of government funding.
BUSINESS
November 14, 1991 | From Times Staff and Wire Reports
Alcoa to Form Venture With Swiss Firm: Aluminum Co. of America and a Swiss aluminum maker said they would form a joint venture to make flat-rolled products for the European automotive, industrial and aerospace markets. Alcoa will have a 60% stake in the venture with Alusuisse-Lonza Holding Ltd. of Zurich. The venture will invest about $210 million in modernizing the aluminum rolling equipment, smelter and ingot casting facilities owned by Alusuisse Swiss Aluminum Ltd.
BUSINESS
November 14, 1989 | From Reuters
Combustion Engineering Inc., a diversified international manufacturing and service concern, said Monday that it agreed to be bought by a European industrial conglomerate for $1.6 billion. ABB Asea Brown Boveri Ltd., a Swiss-Swedish supplier of technical equipment and services, will pay $40 each for all of Combustion Engineering's outstanding shares in a tender offer to start later this week. Combustion Engineering stock surged $13.
BUSINESS
November 15, 1994 | DAVID R. OLMOS, TIMES STAFF WRITER
Shares of Chiron Corp. were up again Monday on reports that Switzerland's Ciba-Geigy is in negotiations with the Emeryville, Calif.-based biotechnology company to buy a significant minority stake for nearly $2 billion. Chiron, which manufactures drugs used to treat multiple sclerosis, cancer and other illnesses, had disclosed Friday that it was in talks with an unidentified company interested in buying a substantial stake in the firm.
BUSINESS
March 22, 1993 | CHRIS KRAUL, TIMES STAFF WRITER
When Scripps Research Institute signed a 10-year, $300-million research agreement in December that gives Swiss pharmaceutical giant Sandoz first rights on all technology developed at the La Jolla facility, neither party anticipated the firestorm that was to erupt. Scripps seemed to be in line with other research laboratories--whether university-run or private--that have increasingly collaborated with the corporate world to make up for growing costs and a scarcity of government funding.
BUSINESS
January 10, 1989 | Associated Press
The Justice Department said Monday that it will sue to block two proposed joint ventures between Westinghouse Electric Corp. and a Swiss company. The ventures between Westinghouse and Asea Brown Boveri Inc. of Zurich, Switzerland, would involve the manufacture and sale of electric power generation, transmission and distribution products. The announcement came just two weeks after U.S. Atty. Gen. Dick Thornburgh launched an effort to stem a "fear of an antitrust challenge."
BUSINESS
September 9, 1988 | DOUGLAS FRANTZ, Times Staff Writer
On May 22, 1985, a strange letter arrived at the headquarters of Merrill Lynch in the heart of New York's financial district. No one realized that the one-page letter, typed in broken English, would help unravel the biggest insider trading scandal in history. Allegations in the letter started an internal inquiry at the nation's largest brokerage firm that led ultimately to a Swiss bank in Nassau. From there, federal authorities picked up the trail and followed it to Dennis B.
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