AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
With Burkle Lurking, Source Interlink Investigates Options.(Ron Burkle)
The Street was intrigued by a possible sale of Source Interlink Cos. Inc. (SIC), of which Ron Burkle controls almost 35%. The $540 million market cap entertainment products and marketing services provider announced on March 2, after the market closed, the start of a strategic review.
SIC's shares rose 9% to $11.18 on March 3. At press time, the stock traded at $10.53 per share.
Bonita Springs, Fla.-based SIC distributes and markets entertainment products such as CDs, DVDs, magazines and books to supermarkets and other retail chains. The company, which has former California Governor Gray Davis on its board, serves 110,000 locations in North America, and also designs and installs wire fixtures and wood displays in some of those stores.
When asked if the review was prompted by outside interest, a company spokesman responded, "This decision was made very recently. To my knowledge, there have been no conversations with anyone outside of Source Interlink and its consultants." He added that, as far as he knew, no book had been distributed yet and no time frame was established.
The company hired The Yucaipa Cos. LLC to consult on the review process, according to the release, which also states Yucaipa and SIC signed a "consulting agreement" in February 2005. Burkle is Yucaipa's founder and managing partner. The agreement coincided with the appointment of Yucaipa partner, Michael Duckworth, to ...
- Long-Time Shareholder Jon Ledecky Files Proxy Proposals and Challenges...
- Press release article from: Business Wire December 11, 2006 700+ words
...banking fees paid by Source Interlink to Yucaipa and...Nine months ago, Ron Burkle and the Source Interlink Board started a...publicly calling on Ron Burkle to step up and...wants control of Source Interlink for Yucaipa, Yucaipa...
- Source Interlink Appoints Greg Mays as New Chairman and Chief Executive Officer.
- Press release article from: Business Wire October 23, 2008 700+ words
...Chief Executive Officer of Source Interlink Companies, Inc. effective...Greg was elected CEO of Source Interlink," said Ron Burkle, Managing Partner at Yucaipa...significant investment in Source Interlink. "Greg has the perfect...
- MEMO PAD: GRAND SEND-OFF...WHAT'S NEXT.(Isabella Blow's funeral)(Ron Burkle's...
- Magazine article from: WWD Smith, Stephanie D. May 16, 2007 700+ words
...NEXT?: Though billionaire Ron Burkle may have satisfied his temporary...media analysts. On Monday, Source Interlink Cos., which Burkle controls...and would fit well with Source Interlink, a distributor of magazines...Duckworth. A spokesman at Source Interlink said, "We ...
- Source's Stock Drifts, but It Still Seeks Sale.(Source Interlink Companies Inc.)
- Newspaper article from: Mergers & Acquisitions Report Hamerman, Joshua October 23, 2006 700+ words
Even though $500 million market cap Source Interlink Cos. Inc.'s (SIC) stock trades 20% lower than when...Zimmerman, Tom Casey and Chip Cushman are advising SIC. Ron Burkle is the founder and managing partner of Los Angeles-based...
- A marriage unravels unhappily: Ron Burkle's wife seeking bigger slice of his...
- Magazine article from: Los Angeles Business Journal Bronstad, Amanda January 10, 2005 700+ words
The estranged wife of billionaire Ron Burkle is threatening to dismantle a 1997 post...monthly living expenses. She also says Ron Burkle has failed to make payments required under the agreement. Ron Burkle, whose net worth was estimated last...
- Couple bickers over lifestyle in court papers.(Ron Burkle and Janet Burkle's...
- Magazine article from: Los Angeles Business Journal Bronstad, Amanda January 10, 2005 700+ words
Ron Burkle's divorce from his estranged wife of...court declaration. In court papers, Ron Burkle, whose net worth was estimated last...support for their young son. In response, Ron Burkle's accountants disputed many of his...
- Statement on Behalf of Ron Burkle.
- Press release article from: PR Newswire April 10, 2006 700+ words
...response to media inquiries concerning Ron Burkle and Page Six's Jared Paul Stern. This...to Michael Sitrick, a spokesman for Ron Burkle. Mr. Stern's re-characterization...Company, +1-310-788-2850, for Ron Burkle
- In the dock: public v. private: Burkle seeks seal on divorce papers based on...
- Magazine article from: Los Angeles Business Journal Bronstad, Amanda January 17, 2005 700+ words
...the financial documents in billionaire Ron Burkle's divorce case should remain open...an e-mail to the Business Journal, Ron Burkle said: "In a divorce, people's entire...that involves public figures such as Ron Burkle has even less reason to be sealed from...