TECHNOLOGY: Apis Capital makes unsolicited bid
Apis Capital Management really likes Veritone Inc., to the point of offering to buy it at an 82% premium.
Founding chairwoman, Orangewood Foundation … backs charter school Samueli Academy … UCI Foundation trustee; eponymous center for integrative medicine, UCI, established 2001; UCI Medal 2000 … born, raised San Fernando Valley … bachelor’s, math, Berkeley; PhD nutrition, American Holistic College of Nutrition … Business Journal OC’s Wealthiest, OC 50
AltaMed’s Buy Marks End to Restaurant Co.’s OC Presence
An Anaheim office built for CKE Restaurants Holdings Inc.—parent company of one of Orange County’s iconic businesses, burger chain Carl’s Jr.—has been bought by a healthcare provider, marking an end to CKE’s corporate ties in the area.
Chipmaker-philanthropist … he and wife, Susan, have committed $250M to UCI, $60M to UCLA … has also backed Chapman U: library named for parents, Sala and Aron … focus on engineering, health sciences; support via scholarships, faculty recruitment … 2017 Fellow, National Academy of Inventors … Broadcom bid to buy Qualcomm for $117B … deal nixed for national security … Business Journal OC’s Wealthiest, OC 50
The major U.S. indexes all fell more than 1% in another volatile trading session, fueled by economic concerns about China and Europe, and blue chippers like Johnson & Johnson, Adobe Inc., and Costco Wholesale Corp
Chipotle Mexican Grill Inc. (NYSE: CMG) in Newport Beach named Roger Theodoredis chief legal officer and Tabassum Zalotrawala chief development officer.
The economies of Orange County, California and the U.S. should continue their expansions next year, albeit at slower rates, according to Chapman University’s annual economic forecast.
AUTOMOTIVE: Fuels up with Air Liquide investment
The next wave of alternative-fuel vehicles zipping around Orange County are hydrogen-powered cars, and an Irvine-based upstart with a growing list of investors, FirstElement Fuel Inc., is ready to lead the pack.
50-year OC business, civic, investment involvement … Time ‘Man of Year’ after first-ever profitable U.S. Olympic Games, L.A., 1984 … MLB commish ... leads ownership, Pebble Beach … family in hospitality (see niece Lindsey), harbors (see son Joe), giving (wife Ginny) … Business Journal OC 50 … accidental entrepreneurship—told Pelican Hill magazine, 2015, ‘you can’t find a job, so you start a business’
Buena Park-based Simply Fresh Foods was sold to Lakeview Farms LLC in Delphos, Ohio.
Taco Bell Corp. of Irvine signed its second franchiser for Australia and New Zealand, more than doubling the number of units it plans in the two countries to 110.
Bellwether Financial Group in Newport Beach named Ralph Grippo a principal, the company said.
MANUFACTURING: And signed legend William Shatner
The call to Pedego Electric Bikes’ Fountain Valley headquarters came about a year ago.
One of fastest-growing midsize private cos. … two-year growth 36% to $90M … architecture, design firm founded 1972 … Armstrong joined mid-80s; he and partner bought 1992 … chairs United Way work: homelessness … need ‘sea change’ in understanding … bachelor’s, Kent State … modern artist … ‘Renaissance approach’ to life; would meet da Vinci (see Lynn Jochim, Richard Sudek) … first car: 1974 Plymouth Valiant … roots for ‘Cleveland Browns!’
Mission Viejo-based MYnd Analytics Inc. (Nasdaq: MYND) appointed Patrick Herguth as chief executive officer, replacing George Carpenter who will assume the new role of chief innovation officer.
Andy took lead roles in 2002 at firm founded by father in 1963 … now the leading private label bottled water’ in U.S. … CdM HS; bachelor’s, SMU … roots for Rams, USC football … backs clean water, developing nations, U.S. children’s charities … first car: Jeep Cherokee … would meet Peter Drucker: ‘he effectively created entire platform all successful managers have thrived on, 30+ years’
Ducks Owner Pays $125M for Office Site Next to Stadium
Anaheim Ducks owner Henry Samueli has made his largest reported acquisition, buying a three-building office complex that sits next to the Honda Center, home of his hockey franchise.
HEALTHCARE: Big data drives evolution
Big data is the big buzzword in healthcare, and Edwards Lifesciences Corp. (NYSE: EW) is no exception—it’s made it part of a strategy to continue growing one of its three main business lines: critical-care technologies.
Leads overseas growth of largest OCbased restaurant chain … $10B sales, 7K locations, most in U.S. (see Julie Felss- Masino) … 2018 deals to add 200 each in Spain, Brazil, 50 in Australia … roots for Texas Longhorns; first car: ‘my dad’s 1985 Buick Riviera: more like a boat than a car’ … can’t miss: ‘Halloween trick-ortreating with my kids’