Wayne Huizenga
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Wayne Huizenga
Harry Wayne Huizenga Sr. (; December 29, 1937 – March 22, 2018) was an American businessman, entrepreneur, and philanthropist. He founded AutoNation and Waste Management Inc., and was the owner or co-owner of Blockbuster Video, the Miami Dolphins of the National Football League, the Florida Panthers of the National Hockey League, and the Florida Marlins (now Miami Marlins) of Major League Baseball. Background Harry Wayne Huizenga was of Dutch descent. His grandfather, Harm Huizenga, came to the United States from the Netherlands. Starting with a horse and wagon, Harm Huizenga built trash hauling service, Huizenga & Sons Scavenger Co. in suburban Chicago in 1894. Wayne Huizenga's parents, Gerrit Harry Huizenga (1916–2001), a cabinet maker, and Jean Huizenga (née Riddering; 1918–2006), a home decorator; grew up in the Dutch community in Chicago and were strict Dutch Reformed Christians. Huizenga was born at Little Company of Mary Hospital, in Evergreen Park, Illinois, ...
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Evergreen Park, Illinois
Evergreen Park is a village in Cook County, Illinois, United States. In 2020, the population was 19,943. History As early as 1828, a German farming family had settled in the area of what is now Evergreen Park. In the succeeding decades, other German immigrants arrived. Kedzie Avenue and 95th Street crisscrossed the farmland and provided access to markets. The first railroad (now the Grand Trunk Railroad) came through the area in 1873. In 1875, the community built its first school just west of 95th and Kedzie. The school and the stores that began to cluster around this intersection defined the community's main business area. Nearby, a real-estate developer, with a vision of the Arc de Triomphe area of Paris, laid out a star-shaped park with eight streets radiating from it. The evergreen trees planted in the park inspired the village's name. The location and layout of the park was intended to be the center of town, but 95th St and Kedzie Ave. later proved a more accurate midpoint. ...
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Calvin College
Calvin University, formerly Calvin College, is a private Christian university in Grand Rapids, Michigan. Founded in 1876, Calvin University is an educational institution of the Christian Reformed Church and stands in the Reformed (Calvinist) tradition. Known as Calvin College for most of its history, the school is named after John Calvin, the 16th-century Protestant Reformer. History The Christian Reformed Church in North America founded the school on August 4, 1876, as part of ''Calvin College and Theological Seminary'' (with the seminary becoming Calvin Theological Seminary) to train church ministers. The college and seminary began with seven students, in a rented upper room on Spring Street, in Grand Rapids, Michigan. The initial six-year curriculum included four years of literary studies and two years of theology. In 1892, the campus moved to the intersection of Madison Avenue and Franklin Street (Fifth Avenue) in Grand Rapids. In September 1894, the school expanded the c ...
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CoolBrands International
CoolBrands International was a Canadian frozen food and dessert company based in Markham, Ontario. Originally a frozen yoghurt vendor, CoolBrands acquired Eskimo Pie Corporation in 2000 and Chipwich in 2002. It acquired the Breyers and Light 'N Lively yoghurt brands from Kraft Foods. Under the stewardship of Michael Serruya (President and CEO), CoolBrands held exclusive long-term licenses for brands including Weight Watchers, Godiva, Tropicana, Betty Crocker, Trix, Yoo hoo and Welch's. The company encountered financial difficulties after losing the Weight Watchers/Smart Ones licence in 2004. In December 2005, Markham-based International Franchise Corp. acquired Yogen Früz, founded in 1986 by brothers Michael Serruya and Aaron Serruya, along with the CoolBrands franchise division which included the Swensen's ice cream restaurant chain. By 2007, CoolBrands was selling off most or all of its core assets. In February 2007, CoolBrands sold Eskimo Pie and Chipwich to the Dreyer's ...
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Reverse Takeover
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company. Process In a reverse takeover, shareholders of the private company purchase control of the public shell company/ SPAC and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. The transaction involves the private and shell company exchanging information on each other, neg ...
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Toronto Stock Exchange
The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the EY Tower in Toronto's Financial District, the TSX is a wholly owned subsidiary of the TMX Group for the trading of senior equities. The Toronto Stock Exchange was established in 1861, and incorporated by the Legislative Assembly of Ontario in 1878. The Toronto Stock Exchange became the sole Canadian exchange for senior equities in 1999. In 2002, the exchange became a publicly-traded company and rebranded from the TSE to the ''TSX'' A broad range of businesses from Canada and abroad are represented on the exchange. In addition to conventional securities, the exchange lists various exchange-traded funds, split share corporations, income trusts and investment funds. More mining and oil and gas companies are listed on Toronto Stock Exch ...
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NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trade ...
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American City Business Journals
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offering ...
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The Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge fund solutions, insurance solutions, secondaries and growth equity. As of Q3 2022, the company's total assets under management were approximately United States dollar, US$951 billion, making it the largest alternative investment firm globally. Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter George Peterson, Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers, Kuhn, Loeb Inc., Lehman Brothers. History Founding and early history Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in Seed money, seed capital. The ...
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Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ...
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Naples, Florida
Naples is a city in Collier County, Florida, United States. As of the 2020 census, the population of the historical city (i.e. in the immediate vicinity of downtown Naples) was 19,115. Naples is a principal city of the Naples-Marco Island, Florida Metropolitan Statistical Area, which had a population of about 375,752 as of 2020. Naples' USPS City population (i.e. the total population that lists Naples as the city on their postal address and who consider themselves residents of Naples) includes most of the communities in Collier County with the notable exceptions of Immokalee, Marco Island, Ave Maria, Everglades City and a few others, and thus Naples' USPS City population is approximately 333,083. The city is mostly known for its high-priced homes, white-sand beaches, and numerous golf courses. Naples is the self-titled "Golf Capital of the World", as it has the second most holes per capita out of all communities, and the most holes of any city in Florida. The city is also ...
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Boca Raton, Florida
Boca Raton ( ; es, Boca Ratón, link=no, ) is a city in Palm Beach County, Florida, United States. It was first incorporated on August 2, 1924, as "Bocaratone," and then incorporated as "Boca Raton" in 1925. The population was 97,422 in the 2020 census, and it was ranked as the 344th largest city in America in 2022. However, approximately 200,000 additional people with a Boca Raton postal address live outside of municipal boundaries, such as in West Boca Raton. As a business center, the city experiences significant daytime population increases. Boca Raton is north of Miami and is a principal city of the Miami metropolitan area, which had a population of 6,012,331 as of 2015. Boca Raton is home to the main campus of Florida Atlantic University and the corporate headquarters of Office Depot. It is also home to the Evert Tennis Academy, owned by former professional tennis player Chris Evert. Boca Town Center, an upscale shopping center in central Boca Raton, is one of th ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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