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....
1st Independence Financial Group, Inc. ("1stIndependence") (NASDAQ: FIFG) today announced it expects to close themerger of 1st Independence with and into MainSource Financial Group, Inc.("MainSource") (NASDAQ: MSFG) on Friday, August 29, 2008, subject to thesatisfaction of the...
WGL Entertainment Holdings, Inc. (PINKSHEETS: WEHI) announced today that it has agreed in principal to distribute15,000,000 shares of a publicly traded media company to its shareholders.The shares represent approximately $100,000 at its current value. The mediacompany whom we will identify upon closing will air the WGL Million DollarShootout MDSO reality...
Huntsman Corp., the chemical maker fighting to force completion of a takeover by Apollo Management LP, is seeking more than $3 billion in damages over the failed buyout, a company official said Wednesday. A Delaware judge is slated to begin hearing arguments Sept. 8 on whether Apollo...
The collapse in the housing market has left Taylor Wimpey, the country's largest builder, 1.5bn in the red. The colossal deficit, after slashing jobs, closing offices and writing down the value of its building land, mirrors the drastic retrenchment carried out by other leading housebuilders. ...
AT&T Inc. opposes a quick federal approval of the proposed wireless-spectrum merger between its competitors Sprint Nextel Corp. and Clearwire Corp. that would create a national WiMAX network. Comcast Corp., Time Warner Cable Inc., Google Inc. and Intel Corp. are major investors in the WiMAX venture for superfast wireless Internet...
TAMPA, Fla. -- Eastman Logistics, has signed a letter of intent to merge with World Logistics Services, Inc. (Pink Sheets:WLSV). The merger is scheduled to take place in early September 2008. Eastman is a non-asset based brokerage and logistics firm with over 10 million in annual revenues. They are headed...
HOUSTON -- Seyfarth Shaw LLP, one of America's leading full-service law firms, today announced that new partners Mark W. Coffin and Elaine H. Tippitt have joined Seyfarth Shaw's Corporate Practice Group in the firm's Houston office. Prior to joining Seyfarth Shaw, both were partners with Adams and Reese LLP. ...
$12.58 credit per residential consumer fulfills merger agreement DALLAS -- Today Oncor began the first distributions of a $72 million credit for eligible consumers on their electric bills. The $12.58 credit will be available to any eligible residential consumer who was taking delivery service from the company at...
SAN DIEGO -- Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) is pleased to announce the signing of a Letter of Intent with both Notos d.o.o. and Sirius Regulus d.o.o. The LOI outlines the bases for the acquisition of these privately held Serbian companies. Green Star's management believes...
Alliance HealthCard, Inc. (OTCBB: ALHC), aleading provider of health discount programs and lifestyle benefits, todayreported that they have moved their executive office headquarters fromAtlanta, Georgia to Norman, Oklahoma. Chief Executive Officer Danny Wright commented, "With over a year since themerger between BMS and Alliance, we are glad to have our...
National Direct Auto announced today that ithas completed the merger of its automotive direct mail operations with Fullforce Marketing ofHouston, TX and Dealer Financial Services of Tomball, TX. With thelong-awaited merger now complete, three direct mail targeted marketingcompanies now combine the strengths and experience of over 40 years...
VALLEY STREAM, NY, Aug. 26 /PRNewswire-FirstCall/ -- ICBS Ltd. (OTCPK: ICBT), specializing in mergers and acquisitions, announced today that President, Garth McIntosh, was interviewed on http://www.stockbully.com/. In the interview, Mr.EeAaMcIntosh discussed the current state of the company, their subsidiaries and investments, as well as recent news. Stockbully.com...
Security With Advanced Technology, Inc.(NASDAQ: SWAT) announced today that the Form S-4 registration statementrelating to the offer and sale of SWAT common stock in connection with theproposed merger with PepperBall Technologies, Inc. ("PTI" or "PepperBall")has been declared effective by the Securities and Exchange Commission("SEC"). Both companies have set their...
F&C, the investment manager, has called on the Brazilian regulator to overhaul the country's legal framework, after a proposed merger that is threatening the rights of minority shareholders. The asset manager has called on the support of 14 other institutional investors from the UK, North America and...
NASHVILLE, Tenn. -- American Color Graphics, Inc. ("the Company"/"American Color") announced today that its pre-packaged plan of reorganization has been confirmed by the U.S. Bankruptcy Court just 42 days after the filing of the Company's plan and related petitions. The confirmation order was signed by the Honorable Christopher S. Sontchi...
Stockholder Approval Received for Pending Merger with United Online, Inc. DOWNERS GROVE, Ill. -- FTD Group, Inc. (NYSE: FTD), a leading international provider of floral related products and services, today announced fourth quarter and fiscal year 2008 financial results for the period ended June 30, 2008. ...
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/5774f3/mitsubishi_ufj_fin) has announced the addition of the "Mitsubishi UFJ Financial Group, Inc. - IT Sales Opportunities - 2008" report to their offering. Mitsubishi UFJ Financial Group, Inc. MUFG, formerly Mitsubishi Tokyo Financial Group, Inc. MTFG, is a bank holding company formed through...
Experienced Securities and Corporate Law Specialist Joins 2 Way GPS/PLS[TM] Market Leader LOS ANGELES -- GTX Corp (OTCBB: GTXO), the developer of the gpVector[TM] 2 Way GPS[TM] platform, announces the appointment of Mark Abdou as Executive Vice President and General Counsel of the company, effective immediately. ...
RANCHO CUCAMONGA, Calif., Aug. 26 /PRNewswire-FirstCall/ -- PFF Bancorp, Inc. ("PFF Bancorp" or the "Company"), the holding company of PFF Bank & Trust, Glencrest Investment Advisors, Inc., and Diversified Builder Services, Inc., today announced that the Company has filed with the Securities and Exchange Commission (the "SEC") the definitive...
Articles 2008-08-26
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