Under pressure to sell itself, Vitesse plans $30M stock offering
Shares of Camarillo-based Vitesse Semiconductor Corp. were down 15 percent to $2.30 in mid-day trading June 19 as the company announced a public stock offering to raise up to $30 million. The move comes as the company faces pressure from Columbia Pacific Advisors, an investment firm that owns nearly 10 percent of Vitesse, to sell Read More →
Dole CEO offers $1.1 billion to take firm private
Westlake Village-based Dole Food Co.’s stock soared more than 21 percent Tuesday morning as CEO David Murdock made a cash offer of $12 a share for the 60 percent of the company he doesn’t own in a deal valued at $1.1 billion. Dole is one of the biggest producers and importers of fresh fruit and Read More →
Cal Poly names interim business deans
Doug Cerf, area chair for accounting and business law at the Orfalea College of Business, will serve as interim dean starting July 1. Cerf has been area chair for accounting and business law since 2007, and a Cal Poly faculty member since 1990. The announcement was made in a news release from Cal Poly. Cerf’s Read More →
Cool Planet funding hits $54M
Camarillo-based Cool Planet Energy Systems said on Friday that it had raised $29.9 million of what it expects to be a $100 million funding round for its first grass-to-fuel plant production facility. Cool Planet, which has received funding from Google Ventures and BP in the past, has designed a machine that uses heat and pressure Read More →
Goleta to sue state over missing RDA funds
The city of Goleta is taking on the big guys as it brings a lawsuit against the state, officials told community and business leaders at an event on May 30. Calling the lawsuit a “David vs. Goliath moment” at Goleta’s annual State of the City luncheon, Mayor Roger Aceves said the city will file papers Read More →
