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....
A short while back, I was invited to the Tejon Ranch in California to do a bit of wild pig hunting and the stars of this show were the DiamondBlade knives. For once, I found something truly new and innovative, not to mention an improvement on everything I have tried...
Sino-Biotics, Inc. (OTCBB: SBTI), previouslya "blank check" Company trading on the Pink Sheets and OTC Bulletin Board,took a significant step forward today with the completion of a reversemerger through which it has acquired CH International Holdings Limited CHInternational. The transaction positions Sino-Biotics as one of theworld's leading designers, manufacturers...
Huntsman Corp., the chemical maker whose takeover by a unit of Apollo Management LP faces collapse, said adjusted second-quarter earnings rose 10 percent from the previous period because of price gains and improved sales volumes. Adjusted earnings before interest, taxes, depreciation and amortization will be higher in...
Chaparral Energy's two decades as a private company will come to an end later this year when its reverse merger with Edge Petroleum of Houston is finalized. Pending regulatory approval and approval of Edge shareholders, the combined company will have the Chaparral Energy name and will be...
MASSBANK Corp. ("MASSBANK") (NASDAQ: MASB)announced today that its stockholders had approved the merger agreement bywhich Eastern Bank Corporation will acquire MASSBANK. The agreement wasapproved by holders of in excess of 77% of MASSBANK's outstanding shares ofcommon stock at a special meeting held yesterday for that purpose. Completion of the...
AUSTIN, Texas -- Gemalto, the world leader in digital security, today announced the first deployment of Protiva .NET Dual tokens at Virchow Krause & Company LLP VK, the 15th largest accounting firm in the United States. Gemalto partner CDW, a leading provider of technology solutions for business, government and education,...
Meeting to Be Recessed Due to Merger Agreement with Convergys DALLAS -- Intervoice, Inc. (NASDAQ: INTV) announced today that it intends to convene and then immediately recess its 2008 annual meeting of shareholders in light of the Company's entering into an Agreement and Plan of Merger with Convergys...
Acquisition Provides a Complementary Growth Platform and Expands Convergys' Integrated Automated and Live Agent Offering CINCINNATI & DALLAS -- Convergys Corporation (NYSE: CVG) and Intervoice, Inc. (NASDAQ: INTV) announced today that the Boards of Directors of both companies have approved a definitive merger agreement under which Convergys will...
* Dramatically Increased Size and Scale * Equity Purchase Price of Approximately $10 Billion or $128 Per Alpha Share * Pro Forma Enterprise Value of Over $22 Billion CLEVELAND & ABINGDON, Va. -- Cleveland-Cliffs Inc (NYSE: CLF) and Alpha Natural Resources, Inc. (NYSE: ANR)...
KANSAS CITY, Mo. -- UMB Financial Corporation (NASDAQ: UMBF) and Colorado-based Citadel Bancorporation announce they have signed a definitive agreement under which UMB Bank Colorado, n.a. will acquire The Citadel Bank Citadel in an all-cash deal. UMB Financial Corporation is the holding company of UMB Bank Colorado, n.a., and Citadel...
LOS ANGELES -- KnightBrook, LLC, a recently established holding company of Knight Insurance Company and Venbrook Group, today announced the merger of Northwestern Insurance Company and Excess Reinsurance Company Excess Re. As of July 1, 2008, Excess Re is the post-merger surviving entity, owned by KnightBrook, LLC. Excess Re's subsidiary,...
Pamela Ragon Leads New Special Situations Division DALLAS -- Allegiance Capital Corporation, a Dallas-based full-service investment banking firm, announces the creation of a new division to handle financial restructuring, distressed mergers and acquisitions, and special situations for the company's burgeoning middle market client base. Pamela L. Ragon, vice...
OLDWICK, N.J. -- A.M. Best Co. has withdrawn the financial strength rating FSR of A- Excellent and the issuer credit rating ICR of "a-" and assigned a category NR-5 Not Formally Followed to Southern General Indemnity Insurance Company Southern General Indemnity. These rating actions follow the recent merger of Southern...
PARIS AFP — A global energy giant emerged Wednesday after shareholders in French groups GDF and Suez approved a tie-up despite domestic political opposition and misgivings by EU officials. Shareholders in both companies, in separate general assemblies, endorsed the merger, with the official launch of the giant utility...
Energy Infrastructure Acquisition Corp.(AMEX: EII) (AMEX: EIIW) ("Energy Infrastructure" or the "Company") todayannounced the cancellation of its Special Meeting of Stockholders, whichwas scheduled to be held July 17, 2008. The Special Meeting was scheduledto consider and vote on the proposed merger of the Company with and intoEnergy Infrastructure Merger Corporation,...
Reportlinker.com announces that a new market research report related to the Dairy products industry is available in its catalogue. Dairy Products in China 2008: A Market Analysis http://www.reportlinker.com/p090923/Dairy-Products-in-China-2008-A-Market-Analysis.html Dairy products are now one of the fastest growing sectors of the market in China. For instance, the...
NEW YORK -- Convergys Corporation's Convergys ratings are unaffected by the company's proposed acquisition of Intervoice, Inc. Intervoice, according to Fitch Ratings. Under the definitive merger agreement, Intervoice, a global provider of contact center software and professional consulting services, will be acquired in an all-cash transaction valued at $8.25 per...
Highlights * Comprehensive income, excluding one-time merger and stock compensation related expenses, for the nine months ended March 31, 2008 was $19.2 million, up $4.6 million, or 31.5% from $14.6 million in the same period of the prior year; * Revenue for the nine months ended...
The New Company Anticipates Having a Strong Balance Sheet and Profitable Operations in Its First Full Year as an Independent Company BEAVERTON, Ore. -- Digimarc Corporation (NASDAQ: DMRC) today announced that Chairman & CEO, Bruce Davis, will conduct a webcast presenting the new spin-off company, DMRC Corporation. The...
Articles 2008-07-16
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