With this acquisition, Skullcandy will take direct control of its European business. The acquisition will allow Skullcandy to capture revenue that would have otherwise been earned by Kungsbacka 57 AB and accelerate growth in Europe through a rejuvenated marketing and brand building campaign.
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NEW YORK, Aug. 30, 2011 (GLOBE NEWSWIRE) -- Sagebrush Gold, Ltd. (OTCBB: SAGE.OB - News) announced today that it has acquired The Relief Canyon Gold Project, 15 miles Southeast of Lovelock Nevada. The Relief Canyon Project is comprised of 51 lode mining claims totaling over 1,020 acres in Packard Flat, which is located in the Antelope Springs mining district, Pershing County, Nevada. While...
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This new line of credit represents an important step forward in the Company's capital structure as we consider the potential requirement by holders of our senior convertible notes to repurchase those notes in February 2012. The line of credit also provides additional flexibility to make strategic investments in our business, said Mark Sieczkarek, president and chief executive officer of...
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A special meeting of American Tower Corporation's stockholders is expected to be held on November 29, 2011 to vote on a proposal to adopt the merger agreement. Stockholders of record of American Tower Corporation at the close of business on October 3, 2011 will be entitled to vote by proxy or in person at the special meeting. A proxy statement/prospectus will be mailed to stockholders of record...
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James L. Francis, Chesapeake Lodging Trust's President and Chief Executive Officer, stated, The Denver Marriott City Center will be a great addition to our hotel portfolio given the quality of the asset, its location in the CBD of a major market, and its close proximity to the Colorado Convention Center. At $194,000 per key for a upper-upscale hotel requiring little additional capital, we are...
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Berner has built outstanding brands and a reputation for customer service. We believe that this transaction presents an opportunity for the BDE businesses, when combined with Berner's capabilities, to further develop their potential, said Gregory F. Milzcik, President and Chief Executive Officer.
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SOMERSET, NJ and GREENWICH, CT AUGUST 22, 2011 Catalent Pharma Solutions, Inc., and Aptuit, LLC, today announced an agreement for Catalent to acquire the Clinical Trial Supplies business of Aptuit LLC for cash consideration of $410 million on a cash and debt free basis. The acquisition will substantially expand Catalent's Development & Clinical Services business, transforming it into the #2...
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Bridgewater, NJ – August 22, 2011 - NovaDel Pharma Inc. (OTC BB: NVDL), a specialty pharmaceutical company that develops oral spray formulations of marketed pharmaceutical products, today announced its entry into an exclusive license and distribution agreement with Rechon Life Science AB to manufacture and commercialize Zolpimist® outside the United States and Canada. Zolpimist is our oral spray.
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PARSIPPANY, NJ – August 16, 2011 – Jackson Hewitt Tax Service Inc. (“Jackson Hewitt”), the nation’s second largest tax preparation firm, today announced it has completed its financial restructuring and emerged from its Chapter 11 reorganization, following the filing of its “pre-packaged” reorganization plan on May 24, 2011.
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WISCONSIN RAPIDS, WI August 16, 2011 Renaissance Learning, Inc. (Nasdaq: RLRN), a leading provider of technology-based school improvement and student assessment programs for K-12 schools, and the Permira Funds today announced they have entered into a definitive merger agreement under which a company formed at the direction of the Permira Funds will acquire all of the outstanding shares of...
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Lake Success, N.Y., August 8, 2011 – DealerTrack Holdings, Inc. (Nasdaq: TRAK) today reported financial results for the second quarter ended June 30, 2011.
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Chicago, IL, August, 3, 2011 Merge Healthcare (NASDAQ: MRGE), a leading provider of enterprise imaging and interoperability solutions, today announced its financial results for the second quarter of 2011.
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(August 2, 2011) -- Lancaster, PA – Fulton Financial Corporation (Nasdaq: FULT) today announced that the boards of directors of the Corporation’s two New Jersey banks have reached an agreement in principle to merge.
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WAUKEGAN, Ill., August 4, 2011 Coleman Cable, Inc. (NASDAQ: CCIX) (the Company, Coleman, we, us, or our), a leading manufacturer and innovator of electrical and electronic wire and cable products, announced second-quarter 2011 financial results.
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Under the terms of the agreement, Global stockholders will receive $14.00 in cash for each share of Global's common stock, which represents approximately a 20.0% premium over the closing price on Tuesday, August 2, 2011 and a 22.7% premium based on the 60-day volume weighted average price of $11.41.
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GILLETTE, June 30, 2011—High Plains Gas, Inc. (OTCBB: HPGS or “HPG” or “the Company”) announced the termination of the purchase and sale agreement (PSA) signed with Huber Energy in February, 2011 to acquire its Powder River Basin natural gas assets. The terms of the PSA, including all amendments, required the completion of purchase of the specified assets on or before July 29th, 2011.
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West Atlantic City, New Jersey – (July 28, 2011) -- Atlantic Green Power Holding Company (AGPH.OB) announced today that its operating subsidiary, Atlantic Green Power Corporation, has sold a majority interest in a Delaware limited liability project company (the “Project Company”) to Invenergy Solar Development LLC (“Invenergy”), an affiliate of Invenergy LLC, for cash reimbursement of project...
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Houston, July 20/ PRNewswire / -- Blue Dolphin Energy Company (OTCQB:BDCO)(“Blue Dolphin” or the “Company”), announced today that it has signed a definitive agreement to acquire the Nixon Crude Processing Facility (the “Nixon Facility”) from a privately-held company in an all stock transaction.
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The amendment provides that the mandated sale of the trust property be increased by 18 months to 48 months. During the first 36 months (or until March 24, 2013), MGM Resorts has the right to direct the trustee to sell the trust property. If a sale is not concluded by that time, the trustee will be responsible for selling MGM's interest in the Borgata during the following 12-month period. All...
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July 12, 2011 Vancouver, British Columbia – Extorre Gold Mines Limited (AMEX: XG; TSX: XG; Frankfurt: E1R, “Extorre” or the “Company”) is pleased to announce that it has closed the bought deal private placement financing announced June 20, 2011 (the “Offering”). The Company has issued 2,400,000 common shares (the “Shares”) at a price of $10.50 per Share for gross proceeds of $25,200,000.
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IRVINE, Calif., and BURLINGTON, Mass., July 18, 2011 Endologix, Inc. (Nasdaq: ELGX), developer and marketer of minimally invasive treatments for aortic disorders, and LeMaitre Vascular, Inc. (Nasdaq: LMAT), provider of peripheral vascular devices and implants, announced today that the companies have entered into an early termination agreement for LeMaitre's distribution rights of Endologix's...
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The property is 100% leased by a Standard & Poor's AA rated (as of November 2010) national health organization. The company, which wishes to remain anonymous for security reasons, operates in 19 states and includes 72 hospitals; 40 long-term care, assisted- and residential-living facilities; two community health-services organizations; and home health agencies. With annual revenues of...
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HENDERSON, NV, July 14, 2011 /PRNewswire/ – Stellar Resources Ltd. (OTC-QB: SRRL) “Stellar” is pleased to announce that it has acquired ZeroGap technology from its President, Mr. Ray Jefferd. Mr. Jefferd invented the ZeroGap technology and applied to patent it prior to joining Stellar in 2010.
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SAN DIEGO, Calif. and CUPERTINO, Calif., July 12, 2011 Zogenix, Inc. (NASDAQ: ZGNX), a pharmaceutical company commercializing and developing products for the treatment of central nervous system disorders and pain, and DURECT Corporation (NASDAQ: DRRX), a specialty pharmaceutical company focused on the development of pharmaceutical systems based upon its proprietary drug delivery platform...
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ICC’s is the #1 rated Electronic Health Record system, in its market and has been chosen for the third consecutive year by the Association of Clinical Oncology to participate in its oncology labs at their its Chicago Annual Meeting.
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SINGAPORE -- (MARKET WIRE) -- 06/23/11 -- Intelligent Communication Enterprise Corporation (ICE) (OTCBB: ICMC), the owner and operator of Modizo.com, has entered into an agreement to acquire a 40% stake in i-amtv (Independent Asian Music Television, www.i-amtv.com). The agreement also provides ICE an option to buy the remaining 60% within the next two years.
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DANVILLE, VA American National Bankshares Inc. (NASDAQ: AMNB) (American National) announced that it has completed its merger with MidCarolina Financial Corporation (MidCarolina) effective today. The all stock transaction, valued at $34.7 million, expands American National's presence along the Burlington/Greensboro corridor in North Carolina and results in American National having total...
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Hammond, LA.,
: First Guaranty Bancshares, Inc. (“First Guaranty”), the parent company of First Guaranty Bank, announced today that it completed its merger with Greensburg Bancshares, Inc. (“Greensburg”), the parent company of Bank of Greensburg. Pursuant to the merger agreement, Greensburg merged with and into First Guaranty and Bank of Greensburg merged with and into First...
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Brandon C. Bethards, President and Chief Executive Officer of B&W said, Mike has been an important member of the executive team responsible for leading the spin transaction from McDermott and creating a significant amount of shareholder value in the process. Equally important, Mike has assembled a first-class financial executive team, bringing together experts in multiple disciplines from both...
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Under the terms of the structured royalty financing agreement, Cowen Royalty will invest $30 million in exchange for 5%, stepping down to 0.5%, of worldwide annual net sales of SUMAVEL® DosePro®, Zohydro (hydrocodone bitartrate) extended-release capsules (previously known as ZX002) and other products developed or marketed by Zogenix, co-promotion revenue and out-license revenues generated by...
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Under the terms of the transaction, prior to the closing RBC Bank will transfer its $680 million in assets under management, comprised of personal and institutional clients with over 200 trust, custodial and escrow accounts, to a wholly-owned subsidiary, and Renasant will acquire all of the ownership interests in the subsidiary. The completion of the acquisition is subject to the receipt of...
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ST. PETERSBURG, Fla. – Raymond James today announced an agreement to repurchase at par auction rate securities (ARS) sold to clients through its domestic broker/dealer subsidiaries prior to February 13, 2008. The agreement – reached with the Securities and Exchange Commission and with state securities regulators led by Florida and Texas – resolves over three years of investigation related to...
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General terms of the loan arrangement include interest-only payments through June 2012, with the possibility of extending the interest-only period through September 2012 if certain product candidate development conditions are met. Subsequently, the principal, together with interest, will be repaid over the following 36 months. Further information with respect to the loan arrangement with Hercules.
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This agreement allows BSQUARE to provide OEMs with licenses for Microsoft Windows Embedded products including Windows Embedded Compact 7, Windows Embedded Server and vertical specific operating systems such as POSReady 7. In addition to third party software licensing, BSQUARE also provides end-to-end product development support including platform consulting, hardware and software development,...
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Westford, Mass., June 28, 2011 Building on its reputation as a global technology leader in laser and light-based aesthetic systems, Cynosure, Inc. (NASDAQ: CYNO) today announced that it has acquired the assets of the aesthetic laser business of HOYA ConBio®, a wholly owned subsidiary of Japan-based HOYA Corporation (TSE code: 7741), for $24.5 million in cash. Hoya ConBio is based in Fremont,...
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The acquired building, Heritage Commons III, was built in 2006 and offers 119,000 rentable square feet of office space. The building is situated on 9 acres in Fort Worth's AllianceTexas development, a 17,000-acre, master-planned community. Heritage Commons III is Page 1 of 3 Macquarie CNL Global Income Trust Acquires First of Two Texas Properties/page 2 currently 100 percent leased to DynCorp...
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WESTBOROUGH, Mass. June 29, 2011 BJ's Wholesale Club, Inc. (NYSE: BJ) (BJ's or the Company) today announced that it has entered into a definitive agreement to be acquired by affiliates of Leonard Green & Partners, L.P. (LGP) and funds advised by CVC Capital Partners (CVC) in an all-cash transaction valued at approximately $2.8 billion. Under the terms of the agreement, BJ's...
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CHARLOTTE Bank of America Corporation today announced that it has reached an agreement to resolve nearly all of the legacy Countrywide-issued first-lien residential mortgage-backed securitization (RMBS) repurchase exposure, representing 530 trusts with original principal balance of $424 billion.
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WESTBOROUGH, Mass. June 29, 2011 BJ's Wholesale Club, Inc. (NYSE: BJ) (BJ's or the Company) today announced that it has entered into a definitive agreement to be acquired by affiliates of Leonard Green & Partners, L.P. (LGP) and funds advised by CVC Capital Partners (CVC) in an all-cash transaction valued at approximately $2.8 billion. Under the terms of the agreement, BJ's...
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Sarasota, FL, and Los Angeles, CA, – MobileBits Holdings Corp., (OTCBB: MBIT) a global technology company that develops mobile digital solutions and delivers highly targeted advertisements, today announced that it has signed a definitive agreement to merge with Los Angeles-based Pringo, Inc., (www.pringo.com), a provider of enterprise-class online portals and social collaboration tools.
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Jersey City, NJ, June 27, 2011 - Aoxing Pharmaceutical Company, Inc. (NYSE Amex: AXN) ("Aoxing Pharma"), a specialty pharmaceutical company focusing on research, development, manufacturing and distribution of narcotic and pain-management products, announced that the Company and six note holders, including Chairman Mr. Zhenjiang Yue, have reached an agreement to convert certain outstanding notes...
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Vancouver, British Columbia, June 28, 2011 (ITGC:OTCQB) – International Gold Corp. (“IGC” or the “Company”) is pleased to announce that it entered into a Loan Agreement (the “Loan Agreement”) with Roger Brian Ashton effective June 17, 2011, pursuant to which the Company will borrow US$75,000 from Mr. Ashton at an interest rate of 10% per annum calculated and compounded yearly. Pursuant to the...
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London, UK & Irvine, CA – June 28, 2011 – E-Waste Systems (OTC BB: EWSI) announced today that it signed a definitive agreement to purchase Laptop Service Center, LLC d/b/a Computer Systems Solutions, a Pennsylvania limited liability company (“CSS”), Surf Investments, Ltd. d/b/a CPU, a California corporation (“CPU”), a full life-cycle mobile computing resource. E-Waste Systems (EWSI) has recently..
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ADA, OK, June 21, 2011 - Pre-Paid Legal Services, Inc. (NYSE: PPD, "Pre-Paid" or the "Company") announced that Pre-Paid’s shareholders adopted the previously announced merger agreement, dated January 30, 2011, among Pre-Paid, MidOcean PPL Holdings Corp. and PPL Acquisition Corp. at today’s special meeting.
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Everett, WA – June 27, 2011 (GLOBENEWSWIRE) -- Cascade Financial Corporation ("Cascade Financial") (Nasdaq: CASB), the parent company of Cascade Bank, today announced that the Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Institutions have approved Cascade Bank’s merger into Opus Bank. Additionally, the written waiver of the Federal Reserve Bank to...
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Transdel is a San Diego-based specialty pharmaceutical company that developed topically-administered products, which are particularly useful for the treatment of acute musculoskeletal pain such as occurs with soft tissue injuries, and other potential pain indications. Transdel's innovative drug delivery formulation is designed to facilitate the effective penetration of a variety of drugs and...
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This new expanded credit agreement gives us additional capacity to pursue meaningful acquisitions; particularly in emerging markets, said Ron Clarke, chairman and chief executive officer, FleetCor Technologies, Inc.
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