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United Gas Corporation
United Gas Corporation was a major oil company from its inception in 1930 to its hostile takeover and subsequent forced merger with Pennzoil in 1968.United Gas Corp. v. Pennzoil Co., 248 F.Supp. 449 (S.D.N.Y. 1965) http://www.leagle.com/decision/1965697248FSupp449_1615.xml/UNITED%20GAS%20CORPORATION%20v.%20PENNZOIL%20COMPANY Headquartered in Shreveport, Louisiana, United and its major subsidiaries, Union Producing Company, United Gas Pipeline Company, Atlas Processing, UGC Instruments, and Duval Mining, performed integrated exploration, production, processing, and distribution of oil and natural gas and other raw materials. Second only to Gulf Oil in size and scope, United Gas was one of the first natural gas transmission companies. In 1968, United was merged into Pennzoil, and the firm was renamed Pennzoil United, Inc. The retail gas distribution assets of United were spun off into Entex Energy in 1970. United Gas Pipeline stock was distributed to Pennzoil shareholders in 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recomm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entex Energy
CenterPoint Energy, Inc. is an American Fortune 500 electric and natural gas utility serving several markets in the American states of Indiana, Ohio, Louisiana, Minnesota, Mississippi, and Texas. It was formerly known as Reliant Energy (from which it is now separated), NorAm Energy, Houston Industries, and HL&P. The company is headquartered in the CenterPoint Energy Tower at 1111 Louisiana Street in Downtown Houston. History When the state of Texas deregulated the electricity market, the former Houston Lighting & Power (HL&P) was split into several companies.Exelon bids for major Texas power producer NRG " '' |
Corporate Raid
In business, a corporate raid is the process of buying a large stake in a corporation and then using shareholder voting rights to require the company to undertake novel measures designed to increase the share value, generally in opposition to the desires and practices of the corporation's current management. The measures might include replacing top executives, downsizing operations, or liquidating the company. Corporate raids were particularly common between the 1970s and the 1990s in the United States. By the end of the 1980s, management of many large publicly traded corporations had adopted legal countermeasures designed to thwart potential hostile takeovers and corporate raids, including poison pills, golden parachutes, and increases in debt levels on the company's balance sheet. In later years, some corporate raiding practices have been used by "activist shareholders", who purchase equity stakes in a corporation to influence its board of directors and put public pressure o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leveraged Buyout
A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money ( leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. The cost of debt is lower because interest payments often reduce corporate income tax liability, whereas dividend payments normally do not. This reduced cost of financing allows greater gains to accrue to the equity, and, as a result, the debt serves as a lever to increase the returns to the equity. The term LBO is usually employed when a financial sponsor acquires a company. However, many corporate transactions are partially funded by bank debt, thus effectively also representing an LBO. LBOs can have many different forms such as management buyout (MBO ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vandenberg Air Force Base
Vandenberg may refer to: * Vandenberg (surname), including a list of people with the name * USNS ''General Hoyt S. Vandenberg'' (T-AGM-10), transport ship in the United States Navy, sank as an artificial reef in Key West, Florida * Vandenberg Space Force Base, a United States military installation with a spaceport * Vandenberg (band), a Dutch hard rock band ** ''Vandenberg'' (album), their 1982 debut album * Vandenberg resolution, a United States Congress resolution passed in 1948 {{disambig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1st Missile Division
First or 1st is the ordinal form of the number one (#1). First or 1st may also refer to: *World record, specifically the first instance of a particular achievement Arts and media Music * 1$T, American rapper, singer-songwriter, DJ, and record producer Albums * ''1st'' (album), a 1983 album by Streets * ''1st'' (Rasmus EP), a 1995 EP by The Rasmus, frequently identified as a single * ''1ST'', a 2021 album by SixTones * ''First'' (Baroness EP), an EP by Baroness * ''First'' (Ferlyn G EP), an EP by Ferlyn G * ''First'' (David Gates album), an album by David Gates * ''First'' (O'Bryan album), an album by O'Bryan * ''First'' (Raymond Lam album), an album by Raymond Lam * ''First'', an album by Denise Ho Songs * "First" (Cold War Kids song), a song by Cold War Kids * "First" (Lindsay Lohan song), a song by Lindsay Lohan * "First", a song by Everglow from '' Last Melody'' * "First", a song by Lauren Daigle * "First", a song by Niki & Gabi * "First", a song by Jonas Brot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strategic Air Command
Strategic Air Command (SAC) was both a United States Department of Defense Specified Command and a United States Air Force (USAF) Major Command responsible for command and control of the strategic bomber and intercontinental ballistic missile components of the United States military's strategic nuclear forces from 1946 to 1992. SAC was also responsible for the operation of strategic reconnaissance aircraft and airborne command post aircraft as well as most of the USAF's aerial refueling fleet, including aircraft from the Air Force Reserve (AFRES) and Air National Guard (ANG). SAC primarily consisted of the Second Air Force (2AF), Eighth Air Force (8AF) and the Fifteenth Air Force (15AF), while SAC headquarters (HQ SAC) included Directorates for Operations & Plans, Intelligence, Command & Control, Maintenance, Training, Communications, and Personnel. At a lower echelon, SAC headquarters divisions included Aircraft Engineering, Missile Concept, and Strategic Communicati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White Sands Missile Range
White Sands Missile Range (WSMR) is a United States Army military testing area and firing range located in the US state of New Mexico. The range was originally established as the White Sands Proving Ground on 9July 1945. White Sands National Park is located within the range. Significant events *The first atomic bomb (code named Trinity) was test detonated at Trinity Site near the northern boundary of the range on 16 July 1945, seven days after the White Sands Proving Ground was established. *After the conclusion of World War II, 100 long-range German V-2 rockets that were captured by U.S. military troops were brought to WSMR. Of these, 67 were test-fired between 1946 and 1951 from the White Sands V-2 Launching Site. (This was followed by the testing of American rockets, which continues to this day, along with testing other technologies.) *NASA's Space Shuttle Columbia landed on the Northrop Strip at WSMR on 30 March 1982 as the conclusion to mission STS-3. This was the only t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Hollywood, California
North Hollywood is a neighborhood of Los Angeles, California, located in the San Fernando Valley. The neighborhood contains the NoHo Arts District, the El Portal Theatre, several art galleries, and the Academy of TV Arts and Sciences. The North Hollywood Metro Rail station is one of the few subway-accessible Metro Rail stations in Los Angeles. North Hollywood was established by the Lankershim Ranch Land and Water Company in 1887. It was first named "Toluca" before being renamed "Lankershim" in 1896 and finally "North Hollywood" in 1927. History Before annexation North Hollywood was once part of the vast landholdings of the Mission San Fernando Rey de España, which was confiscated by the government during the Mexican period of rule. A group of investors assembled as the San Fernando Farm Homestead Association purchased the southern half of the Rancho Ex-Mission San Fernando. The leading investor was Isaac Lankershim, a Northern California stockman and grain farmer, who was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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