Vitesse to raise $16.1M in stock offering
Camarillo-based Vitesse Semiconductor plans to raise $16.1 million in a public offering of stock. The deal, announced Dec. 6, will offer 10 million shares at $1.75 each, netting $16.1 million after costs. It’s expected to close Dec. 12. Needham & Company is acting as the sole book-running manager of the offering, and Craig-Hallum Capital Group Read More →
Read More →DeLorenzo leaves Dole for Itochu
Dole Food Co. President and CEO David DeLorenzo is leaving the company to lead Itochu Corp., the Japanese firm that’s in the process of buying Dole’s packaged foods unit for $1.7 billion. In another step toward closing the Itochu deal by the end of the year, shareholders of the Westlake Village-based food company approved it Read More →
Read More →ValueClick names new CEO
Two and a half years after James Zarley took the helm of ValueClick, the digital marketing company said he’s being replaced by new president and CEO John Giuliani. Giuliani, who’s been the Westlake Village-based firm’s chief operating officer since April, will step into his new role immediately. He succeeds Zarley, who has been the marketing Read More →
Read More →Shopatron closes $4M financing
San Luis Obispo-based e-commerce firm Shopatron has closed a $4 million credit facility with Multiplier Capital, a venture debt fund. Founded in 2001, Shopatron makes an e-commerce system that lets branded manufacturers sell products directly from their websites and fulfill the order through a dealer near the customer via delivery or in-store pickup. While large Read More →
Read More →Savor nears break-even with record ticket sales
The third annual Savor the Central Coast posted record numbers for attendance and revenue. The food and wine event is presented by the San Luis Obispo County Visitors and Conference Bureau and Sunset magazine. It hosted nearly 10,000 guests at the Santa Margarita Ranch over the four days between Sept. 27 and Sept. 30, reflecting Read More →
Read More →RiverPark theaters spark $8M dispute
The dissolution of California’s redevelopment agencies has left the developers of RiverPark in Oxnard wondering where to send an $8 million check. In a lawsuit filed Nov. 26, Ventura County Superior Court, the project’s developer, Shea Properties, allege that a dispute has broken out over $8 million they promised to pay in a deal to Read More →
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