Reported by Star-Bulletin staff & wire
Monday, October 14, 1996
Reported by Star-Bulletin staff & wire
Monday, October 14, 1996
The firm, Houlihan Lokey Howard & Zukin, is the sole sales agent, John F. Higgins, Trans/Pacific president, said today.
Trans/Pacific, of Irvine, Calif., went into a bankruptcy reorganization in April and later closed seven of its 28 Hawaii restaurants, keeping 19 open. "They're continuing to operate, just as always," Higgins said.
The decision to advertise the restaurants does not rule out other alternatives, such as bringing in another investor, he said.
Bill White, NetScape's director of telecommunications markets, and John Yao, a senior engineer for Microsoft, are scheduled to give presentations at Telecom '96: The Hawaii Wide Web.
Sponsored by the Hawaii Telecommunications Association, the forum will run from 8 a.m. to 6 p.m. Oct. 23 at the Hilton Hawaiian Village.
Prepaid registration postmarked before Friday is $125 for the conference and $200 for conference and membership. For information call 528-4822.
store chain, has agreed to acquire West Coast competitor Thrifty PayLess Inc. for about $1.4 billion in stock.
The purchase, announced today, would create a chain of more than 3,500 drugstores in 26 states and the District of Columbia with annual revenue of about $10 billion. The news pushed Thrifty's stock up 20 percent in early trading today.
Rite Aid's purchase comes six months after it abandoned a $1.8 billion deal to buy No. 2 Revco D.S. Inc. amid opposition from the Federal Trade Commission.
The FTC said the combination would have been so dominant the company would have been able to unreasonably increase prices.
Because Thrifty is concentrated in the West, Rite Aid, which has most of its stores in the East, stands less of a chance of running afoul of federal regulators.
Backers of the new standard include computer industry giants such as Apple Computer Inc., International Business Machines Corp., Hewlett-Packard Co. and Sun Microsystems Inc. Absent from the list was Microsoft Corp.
The new standard, which is known as the Real Time Streaming Protocol, or RTSP, is a communications protocol for control and delivery of real-time media.