BUSINESS
By Bloomberg Business News | March 9, 1993
FORT LAUDERDALE, Fla. -- Blockbuster Entertainment Corp. said it will acquire control of Spelling Entertainment Group Inc. in a $141.5 million stock swap, expanding its reach in home entertainment programming.Blockbuster, the world's largest home-video retailer, will acquire 48.2 percent of the Los Angeles-based production and distribution company by issuing 7.6 million shares to Spelling's parent, American Financial Corp.The agreement, expected to close in several weeks, will make American Financial, a Cincinnati holding company controlled by investor Carl Lindner, the third-biggest shareholder in Blockbuster.
NEWS
September 2, 2005
Gov. William Preston Lane Jr. announced on Sept. 2, 1948, that the state would acquire the beachfront property that would later become Sandy Point State Park. The vote to acquire the Chesapeake Bay parcel was considered so critical that the governor and comptroller held an emergency meeting of the Board of Public Works in Ocean City, with the state treasurer phoning in his vote from Baltimore. The scenic property, encompassing more than 500 acres, was offered to the state by the owner, William H. Labrot.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | May 5, 2000
Provident Bankshares Corp., the Baltimore-based parent of Provident Bank, will acquire Harbor Federal Bancorp Inc. of Towson in a deal valued at roughly $32 million, the two banks announced yesterday. The acquisition will bring Provident new depositors in such key markets as Baltimore, Baltimore County and Anne Arundel County, and fits in with the bank's expansion strategy. "I didn't expect it, but I'm not surprised -- they clearly want to get bigger," said Claus W. Hirsch, a banking analyst who follows Provident for Corinthian Partners, a New York City brokerage house.
BUSINESS
By MEREDITH COHN and MEREDITH COHN,SUN REPORTER | February 8, 2006
Duratek Inc., a radioactive and hazardous waste management company based in Columbia, said yesterday that it has agreed to be acquired for nearly $400 million by a private Salt Lake City company in the same business. The acquirer, EnergySolutions, is a private company that was created this month from three entities involved in different aspects of the nuclear energy waste handling and disposal and technical services business. Duratek would help it continue to grow, the company said. A Duratek official said that the company provides complementary services, and its location near Washington decision-makers means that the employees and office are likely to be kept on as part of the new company.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | February 10, 1996
Crestar Financial Corp. said yesterday that it has reached an agreement to acquire the deposits, customer accounts and select loans of 10 Mellon Bank branches in Montgomery and Prince Georges counties.The acquisition will initially bring to Crestar about $220 million in deposits and 17,400 customer households.Crestar did not disclose the purchase price.The move is the latest effort by Richmond, Va.-based Crestar to expand its Maryland operations. The $18.3 billion-asset banking company agreed Wednesday to acquire the Ryland Funding Group, the wholesale mortgage banking operation of Columbia-based Ryland Group Inc.'s mortgage subsidiary.
NEWS
BY A SUN REPORTER | February 24, 2006
Plan to expand HCC hits snag Howard Community College suffered a setback, though perhaps a temporary one, when a divided Planning Board refused to endorse its plans to acquire and expand the historic Belmont mansion and conference center in Elkridge. Mary Ellen Duncan, the president of the college, said safeguards are adequate to protect the character of the sprawling estate and minimize the intrusion on neighborhood residents, but she acknowledged that the issue has become acrimonious and added, "This is not a battle that we'll fight to the death."