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Updated: 3/19/2010 1:21:02 PM
Icahn Ramps Up Offer to Buy Lions Gate Shares
Billionaire investor Carl Icahn upped the stakes Friday in his bid to control Lions Gate Entertainment, offering to purchase up to all of the Santa Monica film studio’s outstanding shares.
Electro Rent Buys Telogy Assets
Electro Rent Corp. in Van Nuys announced Friday that it won an auction to acquire the assets of Telogy LLC, a reseller of electronic test equipment that filed for bankruptcy earlier this year.
First Cal Plans 10 Million Share Offering
The holding company of First California Bank announced Thursday that it plans to sell 10 million shares of common stock to fund working capital needs, acquisitions and regulatory expenses.
Hanmi Capital Deal Falls Apart
Shares of Hanmi Financial Corp. were down nearly 10 percent Thursday after the Koreatown bank holding company revealed that talks with a potential investor had ended.
Tix Trims Loss As Tickets Sales Pick Up
Shares of ticket seller Tix Corp. moved lower Thursday despite the company reporting a narrower fourth-quarter loss, as sales of its same-day discount tickets picked up.
Poll: Is the Carbon Surcharge a Good Idea?
Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. Easy access to the poll is available from links on the left column of the home page. A new poll is now online.
More Latest Local News...
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Disney Extends Miramax Bidding Deadline
The race has come down to two bidders -- The Weinstein Company and Tom Gores' Platinum Equity. Both companies have been deep in due diligence at the company, but are believed to be unhappy that Disney has been slow to provide detailed financials. |
Time Warner Said to Be Considering Bid for MGM
Time Warner Inc. is considering a bid of $1.2 billion to $1.5 billion for the Metro-Goldwyn-Mayer Inc. film studio, according to two people with knowledge of the discussions, as second-round offers come due on March 19. |
AIG Plane Leasing Unit, Hartford Financial Tap Bond Market
Hartford Financial Services Group Inc., the insurer bailed out by the Treasury in June, and aircraft lessor International Lease Finance Corp. tapped the corporate bond market this week, showing growing investor confidence the U.S. economy won’t fall back into recession. |
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