Public Offering and Merger With TRW
The company underwent a successful public offering of its common stock underwitten by Hambrecht & Quist in the mid 1970s with shares thereafter trading on the NASDAQ exchange. In 1978 a merger was consummated with TRW Inc. to merge ESL with TRW, the latter being a large defense contractor in the USA. In 2001, TRW sold the real estate of the ESL campus in Sunnyvale, CA. Approximately half of the operation moved to San Jose, California, and the other half set up offices at the former McClellan Air Force Base in Sacramento, California.
Read more about this topic: ESL Incorporated
Famous quotes containing the words public and/or offering:
“Chippenhook was the home of Judge Theophilus Harrington, known for his trenchant reply to an irate slave-owner in a runaway slave case. Judge Harrington declared that the owner’s claim to the slave was defective. The owner indignantly demanded to know what was lacking in his legally sound claim. The Judge exploded, ‘A bill of sale, sir, from God Almighty!’”
—For the State of Vermont, U.S. public relief program (1935-1943)
“I am unbalanced but I am not mad with snow.
I am mad the way young girls are mad,
with an offering, an offering . . .
I burn the way money burns.”
—Anne Sexton (1928–1974)