Leveraged Buyouts

Walgreen Co. said Wednesday it has agreed to buy the drugstore operator Duane Reade in a move to expand operations in the New York City metropolitan area. Walgreen, one of the nation's biggest drugstore operators, said it would pay about $623 million for...

Cedar Fair Entertainment Co., the amusement park owner whose properties include Knott’s Berry Farm in Buena Park, on Tuesday called off its buyout deal with private equity firm Apollo Global Management after major shareholders objected. But the...

TALLAHASSEE — GOP gubernatorial candidate Rick Scott was the first Florida political candidate to embrace a controversial Arizona immigration law that gives police the right to ask for immigration paperwork from anyone they have stopped or arrested....

When California Pizza Kitchen Inc.’s founders hung out the “for sale” sign in early April, the L.A.-based restaurant chain’s shares quickly surged to a three-year high.But less than three months later, more investors seem to be giving up on the......

Warren Buffett’s Berkshire Hathaway Inc. on Thursday said it would offer to buy out the minority shareholders of Pasadena-based Wesco Financial Corp., which already is 80.1% owned by Berkshire. Wesco is headed by Buffett’s longtime business partner...

Cogent Inc. investors and analysts sent a message to the Pasadena company’s founder on Monday: You’re selling the business too cheap. Cogent, which makes biometric security systems that identify fingerprints, faces and eyeballs, said it had accepted...

The third-largest shareholder of Cogent Inc. says it will “vigorously oppose” the Pasadena tech company’s agreement to sell itself to conglomerate 3M Co., saying the bid price significantly undervalues the business. Atlanta-based money manager...

Investors and traders in shares of Pasadena-based technology firm Cogent Inc. are losing faith that the company will fetch a sharply higher takeover price, even though some of the firm’s biggest holders object to its merger terms with conglomerate 3M......

Thomas Tull is taking control of Legendary Pictures. The chairman of the film financing and production company has quietly led a buyout of its original investors in order to more directly steer an expansion into video games, digital media and......

Michigan fired coach Rich Rodriguez on Wednesday, ending a disappointing three-year tenure marred by too many losses and NCAA violations at college football’s winningest program. Athletic director Dave Brandon announced the decision after meeting...

CHICAGO (AP) — The publisher of Playboy magazine has agreed to a sweetened offer by founder Hugh Hefner to take the company private. The price of $6.15 a share is an 18 percent premium over Friday's closing price and values the company at about...

Playboy Enterprises Inc.'s 39 years as a public firm, which will come to an end with its buyout deal announced Monday, turned out to be the embodiment of that old line about how to become a millionaire in the stock......