Business
Defending against a $28-a-share takeover bid, Caesars World on Sunday unveiled a billion-dollar “recapitalization” in which it would pay a special cash dividend of $25 a share to its shareholders.
April 6, 1987
USG Corp., fighting to thwart a hostile takeover, said Monday that it will restructure and pay shareholders $42 a share in cash and debt securities plus stock in a newly recapitalized company.
May 3, 1988
USG Corp. shareholders approved a recapitalization and restructuring plan that increases the company’s debt fourfold--the result of its success in fending off a takeover bid from Desert Partners L.P.
July 11, 1988
World & Nation
Whittaker Corp., apparently seeking to elude takeover plans by New Jersey investor Louis Caiola, today announced a recapitalization and restructuring that will include the sale of parts of its chemical operations.
Feb. 27, 1989
Ralphs Will Go Public: Ralphs Supermarkets said it will recapitalize in a financial restructuring designed to cut interest costs.
May 2, 1992
Interco Inc.’
Sept. 21, 1988
Wickes Cos. on Friday abandoned its 2 1/2-week-old tender offer for Owens-Corning Fiberglas and made a quick $9 million or so by selling a 303,700-share stake in the building products company.
Aug. 30, 1986
Gencorp reported net income of $21 million in its second quarter, compared to $187 million in the year-ago period when the company had a $212-million gain from the sale of WOR-TV in New York, which was partially offset by a $57-million after-tax charge for recapitalization and restructuring.
June 16, 1988
Entertainment & Arts
Citadel Holding Corp. in Glendale said that its board has approved a restructuring and recapitalization plan to bolster capital levels at its troubled Fidelity Federal Bank subsidiary.
June 21, 1994
United Press International’s chairman and chief executive said he expects a recapitalization to be complete within two months and predicted that UPI will survive and emerge “stronger and better than ever.”
June 28, 1985