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First California faces more shareholder dissent

By   /  Tuesday, May 29th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on First California faces more shareholder dissent

Investors who own 5.4 percent of First California Financial Group’s shares have joined the ranks of disgruntled stockholders after the bank snubbed a buyout offer from Los Angeles-based PacWest Bancorp. A letter dated May 23 from Loeb Offshore Management out of New York came through in the bank’s regulatory filings on May 29. Addressing Westlake Read More →

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Teledyne to buy N.Y. firm for $291M

By   /  Tuesday, May 29th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  1 Comment

Thousand Oaks-based Teledyne Technologies has agreed to purchase a New York-based electronics testing instruments maker in a deal valued at $291 million. Teledyne, an industrial-defense conglomerate, is set to purchase Chestnut Ridge-based LeCroy Corp. for $14.30 a share, for a total of about $240 million. Stock options, appreciation rights and net debt push the deal Read More →

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Minority group opposes PCBC-Union deal

By   /  Friday, May 25th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Minority group opposes PCBC-Union deal

The San Francisco African American Chamber of Commerce has told banking regulators that it opposes Union Bank’s $1.5 billion acquisition of Santa Barbara-based Pacific Capital Bancorp, according to the business newspaper for that region. The San Francisco Business Times reports that the chamber has told regulators it opposed the deal because it feels San Francisco-based Read More →

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Where in the world do the Amgen jets go?

By   /  Friday, May 25th, 2012  /  Banking & Finance, Tri-County Public Companies  /  Comments Off on Where in the world do the Amgen jets go?

Kevin Sharer concluded his decade-long reign at the helm of the world’s largest biotechnology company on May 23, when he handed the CEO reins over to Robert Bradway. But the former chief  executive of Thousand Oaks-based Amgen will continue to keep a leased office, secretary and other perks through the end of 2017, according to Read More →

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Corporate close-up: A look at the region’s highest-paid public company executives

By   /  Friday, May 25th, 2012  /  Banking & Finance, Features, Technology, Tri-County Public Companies  /  Comments Off on Corporate close-up: A look at the region’s highest-paid public company executives

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CKE’s $100M IPO will fuel hunger for growth

By   /  Friday, May 25th, 2012  /  Banking & Finance, Top Stories  /  Comments Off on CKE’s $100M IPO will fuel hunger for growth

As the battle for a bigger slice of the $70   billion U.S. burger market heats up, CKE Restaurants is preparing to go public again in a $100  million stock offering. CKE, the Carpinteria-based parent of burger chains Carl’s Jr. and Hardee’s, said in a May 17 filing with the Securities and Exchange Commission that it plans to Read More →

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Underperforming stock price prompts Dole to put asset sales on menu

By   /  Friday, May 18th, 2012  /  Agribusiness, Banking & Finance, Earnings, Features, Tri-County Public Companies  /  Comments Off on Underperforming stock price prompts Dole to put asset sales on menu

By staff and wire reports on May 18, 2012 A strategic review going on at Dole Food Co. could lead to a major overhaul and asset sales at the one of the biggest companies headquartered in the Westlake Village-Thousand Oaks corporate corridor. Amid disappointing results, Dole shares have struggled to get to double-digits, a thorn Read More →

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