BRIEFCASE 99 CENTS LEADERS DECLARE 4-3 SPLIT.Byline: - From staff and wire reports COMMERCE - Commerce-based 99 Cents Only Stores announced Tuesday that its board of directors declared a four-for-three stock split on its common stock, payable on April 3 to shareholders of record on March 25. The company previously had about 52.3 million shares of common stock outstanding. The split increases the number of shares currently outstanding to 69.7 million. The company said the stock split was part of ``continuing efforts to broaden our stock's marketability and liquidity.'' The company operates 130 retail stores in Southern and Central California Central California can refer to one of several divisions or regions of the U.S state of California:
JAKKS advances on Toymax buyout MALIBU - Malibu-based JAKKS Pacific JAKKS Pacific, Inc. NASDAQ: JAKK is is a multi-brand company that designs and markets a broad range of toys and consumer products and is based in Malibu, California. Its product categories include action figures, art activity kits, stationery, writing instruments, performance Inc. announced that it completed phase one of its proposed acquisition of Toymax International Inc. Toymax's principal stockholders sold 8.1 million shares of common stock to JAKKS Pacific in exchange for $3 in cash and 0.0798 shares of JAKKS common stock per Toymax share. The aggregate purchase price was $24.3 million in cash and 646,384 shares of JAKKS Pacific common stock. In phase two, which JAKKS expects to be completed by the end of the second quarter, JAKKS will purchase the remaining 4.1 million outstanding common shares of Toymax. For each common share of Toymax, shareholders will likewise be offered $3 in cash and 0.0798 shares of JAKKS common stock. Disney, EchoStar may be near deal Representatives of The Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. and EchoStar Communications are hammering out a deal that would avoid a court fight over carrying the ABC Family  The novelty of research or terms used in this article is disputed.A source close to the talks said Tuesday the two companies were close to a deal, although the details of a proposed agreement were not known. Disney and EchoStar were set to square off in court Monday. But a federal court judge agreed to postpone the hearing for one week, until March 18, to give the companies time to negotiate. The delay keeps ABC Family on the Dish Network until at least next week. Amgen donation will help seniors THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. - Amgen Inc. has donated $150,000 to a nonprofit agency that serves the elderly, which will go toward a major expansion of its facility. So far, Senior Concerns has raised more than $1.5 million of its $2 million goal to almost double the size of the Fitzgerald Senior Day Support Center on Hodencamp Road. Construction on the expansion to 10,300 square feet began last fall and is expected to be completed by early June. Global Crossing due in court today Creditors owed billions of dollars by Global Crossing head for bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. today to begin a process that will likely generate competing bids for the troubled fiber optic network operator. The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of hearing was scheduled for creditors to voice any objections to a $750 million rescue plan Global Crossing proposed on Jan. 28 when it filed the fourth largest Chapter 11 bankruptcy case in history. Creditors, including FleetBoston Financial Corp.'s Fleet National Bank, have criticized the bid by Hong Kong's Hutchison Whampoa and Singapore Technologies Telemedia as insufficient. Separately, a former Global Crossing employee sued company founder and chairman Gary Winnick and other directors of the firm Tuesday, claiming they violated the federal Employee Retirement Income Security Act The Employee Retirement Income Security Act of 1974 (ERISA), 29 U.S.C.A. § 1001 et seq. (1974), is a federal law that sets minimum standards for most voluntarily established Pension and health plans in private industry to provide protection for individuals enrolled in these plans. . Scott Johnson of Fairfield, Conn., claims he and other current and former employees lost tens of millions of dollars in retirement savings. The suit, filed in U.S. District Court in Los Angeles, seeks class action status. |
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