William Lyon Homes decides not to sell
A proposal to take Newport Beach-based William Lyon Homes private
was rejected by a special committee of the company's board of
directors, the company announced June 20.
The company's chairman and controlling stockholder, William Lyon,
announced an offer to buy the company's outstanding shares in April.
The company formed a committee to consider the proposal after Lyon's
announcement. The release simply stated that the committee concluded
Lyon's offer to purchase outstanding common stock at $82 per share
was inadequate.
William Lyon Homes builds homes in California, Arizona and Nevada.
Allergan will distribute Botox in Europe
Costa Mesa-based Valeant Pharmaceuticals International announced
an exclusive agreement with Irvine-based Allergan, Inc. to distribute
Botox in Hungary and Poland. The company expects distribution in
Hungary will begin in July and anticipates distribution in Poland
will start in August. The announcement was made Tuesday, and terms of
the deal were not released.
Digital document firm names new president
Consolidated Reprographics, headquartered in Costa Mesa, announced
in a Wednesday release that Keath Lauderdale has been appointed the
company's president. Lauderdale was appointed after working as the
firm's vice president of sales and marketing. He has been a part of
the company's management team since 1994.
Consolidated Reprographics' activities include digital document
processing. The firm provides services to architectural, engineering,
construction and development companies.
