Merger of U.S. Bank and Union Bank gets final U.S. approval
Banking & Finance, Banking Industry, Latest news, left, Top StoriesU.S. Bank’s $8 billion acquisition of Union Bank has the green light from U.S. regulators, a big step forward for a deal that could make U.S. Bank one of the biggest retail banking companies in the tri-county region. The deal received its final U.S. regulatory approvals on Oct. 14, more than a year after it Read More →
Street Smarts: Recognition for Miller Wines; grants for STEM students
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Semtech announces $300M in debt placement to help finance Sierra acquisition
Banking & Finance, Latest news, Regions, Technology, Tri-County Public Companies, Ventura CountyThe Camarillo-based semiconductor manufacturer Semtech will raise up to $300 million in a private debt placement to help pay for its pending acquisition of Sierra Wireless. The company announced a $250 million in convertible senior notes on Oct. 6 and upped the total to $300 million the next day. The notes will pay 1.625% interest Read More →
Yardi acquires Canadian software firm
Latest news, Regions, Santa Barbara County, TechnologyYardi, a Santa Barbara-based property management software company, announced Oct. 11 that it had acquired Planimetron, a Toronto company that provides digital visualizations for the real estate industry. Terms of the deal were not disclosed. Yardi said it will “rebuild and rebrand” Planimetron’s platform, Propidex, and relaunch it sometime in 2023 as Space Manager, a Read More →
Santa Barbara man sentenced for Ponzi scheme
Latest news, Law & Goverment, Regions, Santa Barbara CountyA Santa Barbara man was sentenced Oct. 11 to 11 years in federal prison and ordered to pay restitution to victims in a $14 million Ponzi scheme. Darrell Arnold Aviss, 64, was sentenced in federal court in Los Angeles. He had pleaded guilty in June to 21 felonies, including wire fraud, tax evasion, failure to Read More →
Region’s breweries take home barrel of medals from Great American Beer Festival
Latest news, Top Stories, Wine & ViticultureThe tri-county region’s breweries came home from the 2022 Great American Beer Festival in Denver with gold medals in five different categories and a handful of silver and bronze medals, too. The Great American Beer Festival is one of the world’s top beer competitions, and the 2022 edition ended Oct. 8. Seven breweries based in Read More →
Street Smarts: Former CSU chancellor lands at Cal Poly business school
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