BNET Industries
Market Cap:$235.9M
Last Fiscal Year Sales:$29.1M
- Public
- US
Dow Jones Description
Investment Fund
President
Clifford M. NoreenContact Information
c/o Babson Capital Management LLC 1500 Main St Ste 600
Springfield, Massachusetts 01115
(413) 226-1516
Peer Companies
NAICS Code Floor Covering Stores: 442210
News & Analysis
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mci inc. and sbc communications inc. - All News and Analysis
FCC OKs SBC/AT&T, and Verizon/MCI mergers
The Federal Communications Commission approved the mergers of SBC Communications Inc. with AT&T Corp. and Verizon Communications Inc. with MCI Inc. The Commission concluded that consumers will reap the rewards of the public-interest benefits that will flow from these mergers. These benefits include integration of complementary networks, which will...
FCC allows SBC, Verizon mergers — with conditions
WASHINGTON -- Regulators agreed Monday to approve SBC Communications' takeover of AT&T and Verizon Communications' purchase of MCI -- deals that allow the nation's biggest phone companies to grow bigger -- but with conditions. By 4-0 votes, the Federal Communications Commission approved the multibillion-dollar mergers with conditions that...
US FCC approves two huge telecom mergers
WASHINGTON AFP — The Federal Communications Commission approved SBC Communications' acquisition of AT and T Corp. and Verizon's purchase of MCI, increasing the size of the two largest US telecom groups. The FCC's four commissioners -- one seat is vacant -- voted just days after antitrust reviewers at the...
Verizon, SBC get OK from Department of Justice.(Late News)
The Department of Justice approved Verizon Communications Inc.'s plans to acquire MCI Inc. and SBC Communications Inc.'s plans to buy AT&T Inc. The Federal Communications Commission was scheduled to vote late Friday on the Verizon-MCI dea The Department...
US Justice Dept. approves SBC-AT&T, Verizon-MCI mergers
WASHINGTON AFP — The US Justice Department approved the telecommunications industry mega-mergers of Verizon with MCI and SBC Communications with AT&T, subject to the divestiture of some operations by both groups. The approvals clear a major hurdle to the deals that create two telecom powerhouses in the United States....
Justice Department Requires Divestitures in Verizon's Acquisition of MCI and SBC's Acquisition of AT&T
WASHINGTON, Oct. 27 /U.S. Newswire/ -- The Department of Justice announced today that it will require Verizon Communications Inc. and SBC Communications Inc. to divest portions of certain local fiber- optic network facilities in order to proceed with theiWASHINGTON, Oct. 27 /U.S. Newswire/ -- The Department of Justice announced today...
DOJ Requires Divestitures in Verizon's Acquisition of MCI and SBC's Acquisition of AT&T
WASHINGTON, Oct. 27 /U.S. Newswire/ -- The Department of Justice announced today that it will require Verizon Communications Inc. and SBC Communications Inc. to divest portions of certain local fiber- optic network facilities in order to proceed with theiWASHINGTON, Oct. 27 /U.S. Newswire/ -- The Department of Justice announced today...
Telecom mergers make progress
Two big mergers that will reshape the telecom industry appear set to clear major hurdles as early as this week. SBC Communications tentatively has agreed to a key concession to win antitrust approval for its purchase of AT&T, and Verizon has done the same for its merger with MCI,...
Qwest urges FCC to impose restrictions on merging firms
DENVER -- Qwest Communications officials pressed their case Wednesday for the government to impose restrictions on two telecommunications mergers, reiterating their contention the pending deals could hurt competition and raise prices. As proposed, the unions of SBC Communications Inc. and AT&T and Verizon Communications Inc. and MCI Inc....
Mergers may vex regulators
As federal regulators weigh what, if any, conditions to impose on two mammoth phone company mergers, they face a vexing Rubik's cube of possibilities. Any requirements they attach to SBC Communications' acquisition of AT&T and Verizon's purchase of MCI could force some customers to do business with a telecom...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Clifford M. Noreen | President |
| William J. Barrett | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Donald Glickman | Board of Directors |
| Marshall D Butler | Board of Directors |
| Martin T. Hart | Board of Directors |
| Robert E. Joyal | Board of Directors |
President (since 2008), Vice Chairman (2007-2008), Member of the Board of Managers (since 2006), Managing Director, Babson Capital; President (2005 - 1/2009), Vice President (1993- 2005) of the Trusts. Vice President (since 1996), HYP Management LLC (LLC Manager); Director (since 2005), MassMutual Corporate Value Limited (investment company); Director (since 2005), MassMutual Corporate Value Partners Limited (investment company); Senior Vice President (since 1996), MMHC Investment LLC (passive investor); Managing Director (since 2006), MassMutual Capital Partners LLC (investment company); Director (since 2008), Jefferies Finance LLC (a finance company); Member of Investment Committee (since 1999), Diocese of Springfield.
| Organization | Position | Status |
|---|---|---|
| MassMutual Corporate Investors | President | Current |
| MassMutual Corporate Investors | Chair of Board | Current |
Chairman (since 1992), Donald Glickman and Company, Inc. (private investments); and Partner (since 1992), J.F. Lehman & Co. (private investments). Director (since 1984), Monro Muffler and Brake, Inc. (automobile repair service); and Lead Director (since 1998), MSC Software Corp. (simulation software).
| Organization | Position | Status |
|---|---|---|
| MassMutual Corporate Investors | Board of Directors | Current |
| MassMutual Participation Investors | Board of Directors | Current |
| Monro Muffler Brake, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Infinity Venture Capital Fund | Chairman of the Board | Current |
| MassMutual Corporate Investors | Board of Directors | Current |
| Alpha Technologies | Board of Directors | Current |
| Kyocera Corporation | Director | Former |
MARTIN T. HART has been a director of ValueClick since March 1999. Mr. Hart has been a private investor in the Denver area since 1969. He has owned and developed a number of companies into successful businesses, and has served on the board of directors for many public and private corporations. Presently, Mr. Hart is serving on the board of the following public companies: MassMutual Corporate Investors, an investment company; MassMutual Participation Investors, an investment company; Texas Roadhouse, a restaurant chain; and Spectranetics Corporation, a medical device company. He also continues to serve on the board of directors of several private companies. Mr. Hart graduated with a B.A. from Regis University and is a Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| ValueClick, Inc. | Director | Current |
| Private Lessons Channel | Board Member | Current |
| MassMutual Corporate Investors | Board of Directors | Current |
| Mediaplex | Director | Current |
| Texas Roadhouse, Inc. | Board of Directors | Current |
| The Spectranetics Corporation | Board Director | Current |
| Willie's Corner | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Beacon Power Corporation | Current | |
| Private Equity | Director | Current |
| Scottish Re Limited | Board of Directors | Current |
| Corporate Governance | Board of Directors | Current |
| Alabama Aircraft Industries, Inc. | Director | Current |
| Jefferies Group, Inc. | Director | Current |
| MassMutual Corporate Investors | Board of Directors | Current |
| MassMutual Corporate Investors | Trustee | Current |
| MassMutual Corporate Investors | trustee | Former |
William J. Barrett , 69, Secretary of the Company since 2001, was a director of the Company from 1996 to 1997 and rejoined the Board of Directors in 2001. Mr. Barrett is President of Barrett-Gardner Associates, Inc., a private merchant banking firm; Director of MassMutual Corporate Investors and MassMutual Participation Investors, closed-end investment trusts; Director, Executive Vice President, Assistant Treasurer and Secretary of Supreme Industries, Inc., a specialized manufacturer of truck bodies and shuttle buses; Director of TGC Industries, Inc., a geophysical services company; and Chairman of the Board of Rumson-Fair Haven Bank and Trust Company, a New Jersey state independent, commercial bank and trust company.
| Organization | Position | Status |
|---|---|---|
| MassMutual Corporate Investors | Director | Current |
| Chase Packaging Corp | Secretary | Current |
| Tgc Industries, Inc. | Director | Current |
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