Park-Ohio Industries Inc
Article Abstract:
Park-Ohio Industries Inc's acquisition of Kay Home Products Inc should increase its $115 million sales in 1991 by $60 million. Aside from the acquisition, Park-Ohio will also have new Chmn and CEO Edward Crawford managing the operations of the combined companies. Crawford, who owns 27% of Park-Ohio's stock, managed to shut out 5.04% share owner Richard M. Osborne. However, Osborne can look forward to an improved performance by Park-Ohio in 1992 and 1993 which is a certain result of its restructuring.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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Catalina Marketing Corp
Article Abstract:
Catalina Marketing CEO Tommy Greer disclosed that the company cannot deliver on the 40 to 60% growth rate it projected during its public offering last Mar 1992. Greer realized that revenue would be moderate even before the end of Sep 1992 second quarter due to increasing competition. The company, however, finalized a joint deal with Information Resources Inc to foster proprietary capabilities for both firms. Catalina does not pay dividends on the 10.2 million shares.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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