FRANKFURT and NEW YORK, March 8, 2010 BNY Mellon, the global leader in asset management and securities servicing, has agreed to acquire BHF Asset Servicing GmbH from BHF-BANK Aktiengesellschaft and Sal. Oppenheim jr. & Cie. S.C.A. for EUR253 million (US$343 million), subject to regulatory approvals. This transaction will include the purchase of BHF Asset Servicing's wholly-owned fund...
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PITTSBURGH, PA, March 9, 2010 II-VI Incorporated (NASDAQ Global Select: IIVI) announced today that it is withdrawing its proposal to acquire all the outstanding common shares of Zygo Corporation (NASDAQ: ZIGO) for $10.00 per share. II-VI submitted an offer to Zygo's Board of Directors on January 5, 2010. At the time the offer was made, it represented a premium of 46% to the then 30-day trading..
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The closing of this agreement marks the culmination of our strategic alternatives process. We, along with our strategic partner, GSK are fully focused on realizing the significant value of NicVAX through the successful development and commercialization of this product, said Dr. Raafat Fahim, President and Chief Executive Officer of Nabi Biopharmaceuticals.
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Madison, Indiana – (March 3, 2010) River Valley Bancorp (NASDAQ Capital Market, Symbol “RIVR”), an Indiana corporation (the “Corporation”) and holding company for River Valley Financial Bank (the “Bank”) based in Madison, Indiana, announced today that the Bank has signed an agreement with The New Washington State Bank (“New Washington”) under which the Bank will acquire the deposit relationships,.
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China Armco to Supply up to 230,000 Metric Tons of Scrap Steel Under the Terms of the Contract from Its Recently Completed Scrap Facility in Lianyungang SAN MATEO, CA- (Market Wire – March 4, 2010) - China Armco Metals, Inc. (NYSE AMEX: CNAM), a distributor of imported metal ore and metal recycler with a new state of the art scrap metal recycling facility in China, today announced that Armet...
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IRVINE, CA –March 5, 2010 – ChinaTel Group, Inc. (ChinaTel) (OTCBB: CHTL), a leader in high speed wireless broadband and telecommunications infrastructure engineering and construction services, today announced it has entered into amendments to its Stock Purchase Agreements (SPA) with Excel Era Limited (Excel) and Isaac Organization (Isaac) and that it has received $10 million from Isaac. The...
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More than 73 percent of the outstanding shares of the Company's common stock were voted in favor of the transaction. Of the shares that were voted, more than 99% were voted in favor of the transaction.
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Among other things, these amendments provide for (i) the lease of certain additional lands that may be required for the development of the property, (ii) an extension of the term of the lease to April 30, 2031 and automatically year to year thereafter, so long as either mining or processing operations are carried out on or with respect to the property in good faith on a continuous basis in such...
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IRVINE, CA –March 5, 2010 – ChinaTel Group, Inc. (ChinaTel) (OTCBB: CHTL), a leader in high speed wireless broadband and telecommunications infrastructure engineering and construction services, today announced it has entered into amendments to its Stock Purchase Agreements (SPA) with Excel Era Limited (Excel) and Isaac Organization (Isaac) and that it has received $10 million from Isaac. The...
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The Company also announced that Astellas US Holding, Inc., a wholly owned subsidiary of Astellas Pharma Inc., filed a lawsuit in the Delaware Court of Chancery against OSI and its directors seeking, among other things, declaratory and injunctive relief enjoining OSI and its directors from engaging in any action or inaction, including applying OSI's poison pill rights plan, that has the effect...
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Subject to finalizing the definitive terms of the agreement, Silver Wheaton will pay Pan American upfront cash payments totaling US$32.4 million to acquire an amount equal to 12.5% of all payable silver produced from the Loma de La Plata zone at Navidad for the lesser of US$4.00 or the prevailing market price per ounce of silver delivered. The upfront payments will be made on an installment basis.
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MELBOURNE, Fla., February 26, 2010 -- AuthenTec (NASDAQ: AUTH), a leading provider of smart fingerprint sensors and solutions, announced today that it has acquired SafeNet, Inc.’s Embedded Security Solutions Division in a cash and stock transaction which further strengthens AuthenTec’s offering of security and identity management solutions.
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Tulsa, Oklahoma, February 24, 2010: Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that it has extended its vehicle supply agreement with Ford Motor Company (Ford) for an additional year. The agreement will allow the Company to source a portion of its annual vehicle purchases through Ford until August 2013 and can be extended further with joint approval.
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The agreement covers operations located in Italy, U.K., Spain, North America and Singapore. These locations manufacture and supply a wide range of industrial coatings used for surface protection and decorative finishes in furniture and joinery applications. Key product lines include polyester-based, polyurethane-based and water-based coatings and stains as well as UV systems.
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SUNNYVALE, Calif., Feb. 23, 2010 SST (Silicon Storage Technology, Inc.) (NASDAQ: SSTI), a leading memory and non-memory products provider for high-volume applications in the digital consumer, networking, wireless communications and Internet computing markets, today announced that it has entered into an amendment to its previously announced merger agreement with Microchip Technology Incorporated.
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Under the terms of the agreement, Smith shareholders will receive 0.6966 shares of Schlumberger in exchange for each Smith share. Based upon the undisturbed closing stock prices for both companies on February 18, 2010, the agreement places a value of $45.84 per Smith share, representing a 37.5% premium. Upon closing, and reflecting the issuance of new Schlumberger shares, Smith stockholders...
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FARMINGTON HILLS, MI February 22, 2010 Eternal Image, Inc. (the Company) (OTCBB:ETNL), a public company engaged in the design, manufacturing and marketing of officially licensed funerary products, such as caskets, urns, monuments and vaults, today announced it has executed an agreement to design, manufacture and market a line of official Vatican Observatory Foundation branded funerary...
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RALEIGH, N.C
North State Bank has completed the acquisition of the mortgage operations of Raleigh-based Affiliated Mortgage, announced Larry Barbour, president and CEO for North State. The agreement was finalized on February 12, 2010, creating a new division of the bank- North State Bank Mortgage. Ken Sykes, former managing partner for Affiliated, will serve as division president.
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DUBLIN, IRELAND AND NASHUA, N.H., February 12, 2010 SkillSoft PLC (Nasdaq: SKIL), a leading Software as a Service (SaaS) provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small to medium-sized businesses, today announced that it has reached agreement on the terms of a recommended acquisition of the Company by a new company...
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This new agreement gives us access to a distribution network that is well established and nationally recognized, said Gerald Woodard, CEO of SRI Surgical. Additionally, we now have an avenue to grow within certain areas of the marketplace not currently serviced with our products. About SRI Surgical SRI Surgical (Nasdaq: STRC) provides central processing and supply chain management services to.
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DUBLIN, IRELAND AND NASHUA, N.H., February 12, 2010 SkillSoft PLC (Nasdaq: SKIL), a leading Software as a Service (SaaS) provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small to medium-sized businesses, today announced that it has reached agreement on the terms of a recommended acquisition of the Company by a new company...
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Nortel entered into a Settlement Agreement with court-appointed representatives of its Canadian former employees, pensioners and LTD beneficiaries, the court-appointed representative counsel to such parties, Koskie Minsky LLP, the CAW Canada and Nortel's court-appointed Monitor. The Settlement Agreement is subject to, among other things, the approval of the Ontario Superior Court of Justice.
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Atlas has also been advised that the Atlas founders and Sorensen Trust are continuing to negotiate similar agreements with other holders of shares of Atlas common stock issued in its initial public offering and potential buyers of such shares as part of their efforts to secure stockholder approval of the proposed Select Staffing business combination. Atlas has agreed to provide piggyback...
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Nortel entered into a Settlement Agreement with court-appointed representatives of its Canadian former employees, pensioners and LTD beneficiaries, the court-appointed representative counsel to such parties, Koskie Minsky LLP, the CAW Canada and Nortel's court-appointed Monitor. The Settlement Agreement is subject to, among other things, the approval of the Ontario Superior Court of Justice.
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The property was originally mined on a small-scale basis in the 1930's. There is approximately 120 feet of open cut workings on the property.
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The company expects the transaction to be fully funded into an escrow at closing to satisfy each of the company's two maturity obligations in 2010. The closing of the sale of the new notes is subject to a number of conditions, including the conversion of the company's preferred stock into common stock. The company expects that the closing would occur shortly after shareholder approval to increase.
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Palm Desert, CA February 9, 2010 Heckmann Corporation (NYSE: HEK) and Energy Transfer Partners, L.P. (NYSE: ETP) today announced that they have entered into an agreement to develop and implement transportation and treatment solutions for supply, drilling, flow back, produced, and other types of discharged waters generated in the Marcellus and Haynesville Shale natural gas development areas....
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In November 2009, and as previously announced, iMergent changed its fiscal year to December 31 to align with the calendar year.
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LEHIGH VALLEY, Pa. (February 5, 2010) – Air Products (NYSE: APD) today announced that it has made an offer to acquire Airgas, Inc. (NYSE: ARG) for $60.00 per share in cash. The offer was made in a letter to Airgas’ Board of Directors yesterday after the CEOs of the two companies had previously discussed Air Products’ interest in acquiring Airgas and after Air Products had made two written offers,.
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We remain very enthusiastic about the value of OXiGENE's key programs, and we are actively continuing to pursue several options to realize the value in our strong pipeline of product candidates, said Peter Langecker, M.D., Ph.D., OXiGENE's Chief Executive Officer. While we believe that the proposed merger between OXiGENE and VaxGen would have been beneficial for both companies, we appreciate...
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We are very excited about the acquisition of the TAQA North Facility comments Keith Talbot, President of Cancen Oil Canada. The TAQA facility is a major acquisition for Cancen and will become its primary facility. The TAQA facility is capable of processing in excess of 30,000 barrels of contaminated produced water and slop oil per day. Utilizing Wescorp's H2Omaxx water and HCXT solids...
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Under the terms of the agreement, GCAT, through a sublicense agreement with its Chinese joint venture, T & T Pharma Co., Ltd., formed with Tianjing Institute of Pharmaceutical Research (TIPR), will assume all development and regulatory responsibility and associated costs for elvucitabine, and Achillion will be eligible to receive development milestones and double-digit royalties on net sales in...
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February, 1, 2010, El Dorado Hills, CA and Braintree, MA, USA and Limonest, France Haemonetics Corporation (NYSE: HAE) and Global Med Technologies, Inc. (OTCBB: GLOB) today announced a definitive agreement under which Haemonetics will acquire Global Med for approximately $60 million in a cash tender offer.
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RALEIGH, NC . . . North State Bank has signed an agreement to acquire the mortgage operations of Affiliated Mortgage, LLC, a Raleigh-based mortgage company, according to Larry D. Barbour, president and CEO of North State Bank and North State Bancorp (OTC: NSBC), the bank's holding company. The agreement calls for the purchase to close on or before February 12, 2010, at which time a new division...
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Livonia, Mich., Jan. 30, 2010: Valassis (NYSE: VCI), one of the nation's leading media and marketing services companies, announced today that it has reached an agreement to settle its outstanding lawsuits against News America Marketing (NAM), a division of News Corporation. The settlement discussions were overseen by the Honorable Judge Arthur Tarnow of the United States District Court, Eastern...
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- Robert Martin appointed chairman, Roland Vetter named CFO, Clyde harrison to Chair the Audit Committee - SPARKS, NV, January 29, 2010 - Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) is pleased to announce management changes, beginning with the appointment of Thomas Klein to the position of Chief Executive Officer, effective February 1, 2010. Mr. Klein became an Independent...
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Among other things, the amended Credit Agreement will (all amounts are as of December 27, 2009 giving effect to the refinancing): Provide for at least a 60% commitment reduction and prepayment for all lenders that agree to extend the maturity of their remaining commitments and loans.
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SEATTLE, WA, January 19, 2010 -- Emeritus Corporation (NYSE: ESC), a national provider of assisted living and Alzheimer’s care services to seniors, today announced that it has entered into a joint venture (“Joint Venture”) agreement with Blackstone Real Estate Advisors VI, L.P. (“BREA”) and Columbia Pacific Advisors, (“Columbia Pacific”), an affiliate of the Chairman and Co-CEO of Emeritus, in...
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Under the terms of the proposed Acquisition Agreement, the Company will be able to earn an interest in the Manado Gold Property by making cash payments, issuing shares and completing work programs at various stages. The Company will be able to acquire: an initial 10% interest in the Manado Gold Property by paying $90,000 and issuing 150,000 shares of the Company's common stock to the Owner on...
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HOUSTON, TEXAS, January 18, 2010 – ICO, Inc. (Nasdaq:ICOC) announced today that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its previously announced merger agreement with A. Schulman, Inc. (Nasdaq-GS: SHLM) Completion of the proposed transaction remains subject to ICO stockholder approval and..
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Japan, January 15, 2010 / U.S.A., January 14, 2010 Shiseido Co., Ltd. (Tokyo Stock Exchange, First Section: 4911) (Shiseido), the Japan-based leading global cosmetics company, and Bare Escentuals, Inc. (NASDAQ: BARE), one of the leading prestige cosmetics companies in the United States and an innovator in mineral-based cosmetics, today announced that they have entered into a definitive...
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Hillenbrand expands and diversifies its business portfolio for long-term revenue and earnings growth.
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Hillenbrand expands and diversifies its business portfolio for long-term revenue and earnings growth.
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SUNNYVALE, Calif., - January 8, 2010 Spansion Inc. today announced it has reached verbal agreement to acquire the distribution business of its former subsidiary, Spansion Japan, that is the subject of a proceeding under the Japanese Corporate Reorganization Law (Kaisha Kosei Ho) pending in the Tokyo District Court. Spansion also verbally approved a new foundry services agreement which would...
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CALGARY, Alberta (Jan. 11, 2010) TransAlta Corporation (TSX: TA; NYSE: TAC) today announced it has been awarded a 25-year power purchase agreement (PPA) to provide an additional 54 megawatts (MW) of wind power to New Brunswick Power Distribution and Customer Service Corporation.
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Under the terms of the Arrangement, IRC shareholders can elect to receive cash, shares or a combination of both in exchange for their current IRC shareholdings. Shareholders holding approximately 47% of the IRC shares subject to the voting agreements have elected to receive shares in lieu of cash.
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ACTON, Mass. (Jan. 7, 2010) SeaChange International, Inc. (NASDAQ: SEAC) a leading provider of software and hardware solutions for video-on-demand (VOD) television, today announced that it has entered into a binding agreement to acquire all of the outstanding shares of VividLogic, Inc. VividLogic is a privately-owned, California-based company that provides software and services to cable...
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McLean, VA, January 4, 2010 — Global Telecom & Technology, Inc. (“GTT”) (OTCBB: GTLT), a leading global network integrator that provides its clients with a broad portfolio of wide-area network, IP transit and mobility services, today announces it has signed an agreement to acquire certain customers and assets from Chicago-based Global Capacity, Inc.
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The sale, which is subject to customary conditions including regulatory clearances, includes the DiGiorno, Tombstone and Jack's brands in the United States, the Delissio brand in Canada and the California Pizza Kitchen trademark license. It also includes two Wisconsin manufacturing facilities (Medford and Little Chute) and the right to take on the leases for the pizza depots and delivery trucks...
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Ypsomed has been a leader in the diabetes industry for over 25 years. The company developed the Disetronic Insulin Pump, which it sold to Roche Holdings AG in March 2003. After the sale, Ypsomed retained its European distribution network and today is a leading distributor of insulin pumps, blood glucose meters and diabetes care supplies. In Germany, Ypsomed has a 40% market share of insulin pump..
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