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Article: Pasadena, Calif.-Based Financial Group Completes Stock Acquisition Offer.(Knight Ridder/Tribune Business News)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 22, 2000
CopyrightCOPYRIGHT 2000 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Feb. 21--A subsidiary of Omaha conglomerate Berkshire Hathaway Inc. said Friday that it has successfully completed a cash offer for the stock of a Fairfax, Va., furniture rental company and will complete the acquisition as soon as possible.
Wesco Financial Corp. of Pasadena, Calif., which is 80.1 percent owned by Berkshire, offered $28 for each of Cort Business Services Corp.'s 13.2 million shares of stock, or a total of $369.6 million. Counting stock options and $83 million in debt, the transaction is worth $467 million.
By the time Wesco's tender offer expired at midnight Thursday, 12.9 million Cort shares had been ...
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Article: Omaha World-Herald, Neb., Week Ahead Column.
Knight Ridder/Tribune Business News;
November 9, 1998 ;
359 words
...Knight Ridder/Tribune Business News Nov. 9--CROPS REPORT: The ... reports October retail sales on Friday. (c) 1998, Omaha World-Herald, Neb. Distributed by Knight Ridder/Tribune Business News.
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