The Idea in Brief Half of all acquiring companies pay more for target firms than they're worth. Often it's because of executives' mental biases: Their interest in a deal keeps them from being objective about its value....
Investors likely to shun Lloyds TSB and HBOS shares ahead of the merger LLOYDS TSB and Halifax Bank of Scotland face part- nationalisation next week after their share prices ended the year far adrift of the offer prices for their combined 13bn equity raisings. ...
Zones, Inc. (NASDAQ: ZONS) today announced thecompletion of its acquisition by Firoz Lalji, its Chief Executive Officer,Chairman of the Board and majority shareholder, and certain of his relatedparties in a going-private transaction. Under the terms of the merger agreement for the going-private transaction,which was adopted by Zones' shareholders at a...
Public outcry sprang up immediately after St. Louis' own Anheuser- Busch announced in June that Belgium-based InBev had offered to buy the company for $65 a share. Some plaintiffs filed shareholder lawsuits against Anheuser- Busch because the company was considering the offer. Others sued because the company...
Tomorrow marks the official consummation of two of the five merger deals announced or completed by large law firms in Missouri in 2008. Bryan Cave is set to add Atlanta firm Powell Goldstein as of Jan. 1. Also Thursday, Lathrop & Gage formally brings Spillane Shaeffer Aronoff...
Tomorrow marks the official consummation of two of the five merger deals announced or completed by large law firms in Missouri in 2008. Bryan Cave is set to add Atlanta firm Powell Goldstein as of Jan. 1. Also Thursday, Lathrop & Gage formally brings Spillane Shaeffer Aronoff...
Brompton Funds is pleased to announce the completion of the merger of YEARS Financial Trust ("YTU") (TSX: YTU.UN) into Dividend Growth Split Corp. ("DGS") (TSX: DGS)(TSX: DGS.PR.A), effective December 31, 2008. This merger was approved at a special meeting of unitholders of YTU held on December 1, 2008. The merger...
Brompton Funds is pleased to announce the completion of the merger of Flaherty & Crumrine Investment Grade Preferred Fund ("FAC") (TSX: FAC.UN) into Flaherty & Crumrine Investment Grade Fixed Income Fund ("FFI") (TSX: FFI.UN), effective December 31, 2008. This merger was approved at a special meeting of unitholders of FAC...
On December 23, 2008, Precision Drilling Trust ("Precision") announced the successful completion of its acquisition of Grey Wolf, Inc. ("Grey Wolf") and the preliminary merger consideration election results. Final tabulation of the merger consideration elections has now been completed, and the cash merger consideration elections substantially exceeded the amount of...
AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD Delta Air Lines (NYSE:DAL) reported on Monday (29 December) that it has completed an offering of common stock which generated gross proceeds of approximately USD196m. In the offering the company sold 18,172,219 shares of common stock through a continuous offering...
Gray CPA to merge with Buffalo firm Rochester-based Gray CPA firm will merge with upstate CPA firm Freed Maxick & Battaglia, effective Jan. 1. The venture creates 31 Rochester-based jobs and the firms will practice as Freed Maxick & Battaglia CPAs. Gray CPA's...
SANTA CLARA, Calif. -- LiveDeal, Inc. (NASDAQ: LIVE), the company that combines best of breed customer acquisition services for small businesses with a combined classified and Internet Yellow Pages directory platform, announced today a net loss of approximately $1.53 million for the fiscal year ended September 30, 2008, down from...
Stock markets Stocks rose for a third straight session, lifted by hopes for mergers in the insurance and semiconductor sectors. The Nikkei average rose 7.65 points, or 0.1 per cent, to 8,747.17 in thin year- end trading. The Topix index rose 1 per cent to 854.17....
ALACHUA, Fla. -- RTI Biologics, Inc. RTI (NASDAQ:RTIX), the Florida-based processor of orthopedic, dental, surgical specialties and other biologic implants, announced today that the company's 2008 full year revenues are estimated to be $146.3 million and fourth quarter revenues are estimated to be $37.0 million. This compares to 2007 full...
60 years ago Both presidents from Brentwood in merger: When two large grower and shipper associations of Northern California met in San Francisco yesterday to decide on a plan for merging, the presidents of both organizations were from Brentwood. Charles B. Weeks is president of the California...
NEWPORT BEACH, Calif. -- SM&A (formerly Nasdaq: WINS), the world's foremost management consulting firm providing solutions to PURSUE, WIN and PERFORM on competitive procurement projects, and Odyssey Investment Partners, LLC, a leading middle-market private equity firm, today announced that an affiliate of Odyssey has completed its acquisition of SM&A in...
TORONTO, Dec. 29 /PRNewswire-FirstCall/ -- Hard to Treat Diseases HTDS http://www.htdsmedical.com/ site under construction is pleased to announce that it has appointed a new interim management. In addition the company has identified a suitable merger operating candidate. The merger candidate is a China based bio chemical company. ...
TORONTO, Dec. 29 /PRNewswire-FirstCall/ -- Hiru Corporation HIRU http://www.hirucorporation.com/ is pleased to announce that it has identified a suitable merger candidate. The merger candidate is a China based small appliance manufacturer. The company is also continuing its negotiations for the technology purchase and exchange with Drop Vending...
NEW YORK and BIRMINGHAM, Ala., Dec. 29 /PRNewswire-FirstCall/ -- Health Systems Solutions, Inc. (BULLETIN BOARD: HSSO) and Emageon Inc. today announced that they have agreed to extend the closing date for their pending merger to February 11, 2009. "We are pleased that, with the cooperation...
Expanded Revenue Streams and Merger Synergies Position National Holdings Corporation for Diversified Growth and Positive Adjusted EBITDA for the First Quarter Ending December 31, 2008 NEW YORK -- National Holdings Corporation (OTCBB:NHLD), a full service investment banking company operating through its wholly-owned subsidiaries, reported financial results for the...
Articles 2008-12-29
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