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Mergers and Acquisitions Perking Up Again
Andrew Leckey
Whether or not you're personally convinced that the recession is just about over, those in the big-buck mergers-and-acquisitions game are believers. 'It's all a sign you can't keep a good capitalist down and eventually greed will overcome fear,' said James Paulsen, chief investment officer for Wells Capital Management, Minneapolis. People are saying, 'Gee, not only are we not going to have a depression, but it looks like we're actually going to have a recovery.'
Snap news
Breaking pre-market news on Monday,- Gulf Keystone Petroleum announces £16m interim equity fund raising at 76.5p a share – statement.- Rightmove says UK house asking...
Weekend catch-up
In case you missed these weekend headlines:From the FT,- Pensions regulator to appeal Nortel ruling.- E&Y claims shake accounting fraternity.- Doubts grow over DFS auction....
US mall bidders eye SWF support
The rival bidders for General Growth Properties, the bankrupt owner of some of the most high-profile shopping malls in the US, are seeking financial support from sovereign wealth...
CNOOC to buy Argentine stake
CNOOC, China’s state-owned energy company, is to take a 50 per cent stake in Argentina’s Bridasin in a $3.1bn deal that marks Beijing’s latest move to secure energy resources...
A dark shadow sweeps over Asia…
Dark pools of liquidity could be on their way to the Hong Kong mainstream, and one of those pools is potentially being set up in Singapore this year. Is Asia catching up to the...
It lives…
… the UK IPO market that is.On Friday, two companies have announced offer prices for their flotations on Friday morning and one of them, shock horror, even has a private...
Friday rumourtrage (updated)
Here's an intriguing News Corp rumour breaking on Friday, says FT Alphaville - Rupert Murdoch may be planning to buy out the 60 per cent of a satellite broadcaster that he doesn't own already.
Snap news
Breaking pre-market news on Friday,- SuperGroup prices IPO at 500p a share, values company at £395m – statement.- Promethean prices IPO at 200p a share, for a market...
Devon deal key to BP targets
BP has done its largest deal for seven years, paying $7bn (£4.6bn) for a set of assets from Devon Energy of the US, including licences in the oil-rich waters off the coast of Brazil....
India’s ONGC in Russian pact talks
India’s Oil and Natural Gas Corp is in talks with Gazprom and Rosneft over taking equity stakes in oil and gas projects in Russia to help cement an energy partnership between New Delhi and Moscow....
AIG’s Taiwan sale hit by regulator scrutiny
The attempted $2.2bn purchase of AIG’s Taiwan insurance unit by a Hong Kong consortium is facing intense scrutiny amid lingering concerns among regulators that the buyers are...
India’s ONGC and Russia in energy pact talks
India’s Oil and Natural Gas Corp is in talks with Gazprom and Rosneft over taking equity stakes in oil and gas projects in Russia to help cement an energy partnership between New Delhi and Moscow,...
CDS report: A volaltility reversal
European credit markets continued to oscillate around the same point, a lack of direction all too obvious. The Markit iTraxx Europe index was trading around 75.25bp,...
Streaky’s guilty, and he is going down (updated)
Via Bloomberg:EX-CAZENOVE PARTNER GETS 21 MONTHS IN JAIL FOR INSIDER TRADING.No details yet on disgorgement, or whether Malcolm Calvert has leave to appeal.Updates (and the...
Old Mutual to sell US life biz
Old Mutual confirmed on Thursday that it was exploring a sale of its US life assurance arm, adding that it envisaged an initial public offering of shares in its US asset management business too....
Further reading
Elsewhere on Thursday,- Inside Greenspan’s bad dreams.- Central bank exit strategies: fight club!- Fiscal sustainability down on the farm.- Sovereign debt: this...
Snap news
Breaking pre-market news on Thursday,BP to pay Devon Energy $7bn for assets in Brazil, Azerbaijan and the US deepwater Gulf of Mexico – statement.Old Mutual to IPO US...
BP strikes $7bn Brazil oil deal
BP on Thursday confirmed it would enter the deep waters off the coast of Brazil, one of the world’s most promising areas for oil exploration, with a $7bn (£4.7bn) deal to buy...
Tullett Prebon soars on bid news
Shares in Tullett Prebon jumped nearly 26% to 390p on Wednesday after the UK-based interdealer broker headed by Terry Smith disclosed it was in preliminary talks with a “third...
Shinsei reconsiders Aozora deal
Shinsei, the Japanese bank, is preparing to raise about Y75bn ($830m) in fresh capital as it reconsiders its planned merger with a rival domestic lender. Shinsei believes that a merger with Aozora,...
Macquarie eyes US expansion
Macquarie Group, the Australian investment bank, may buy more US assets and add bankers servicing mid-sized US companies in a push to boost US business following five North American...
China Mobile seals Pudong deal
China Mobile has agreed to pay Rmb39.8bn for a 20% stake in Pudong Development Bank, finalising a deal that drove down China Mobile’s shares after the news first leaked out two weeks ago....
Tullow in Ugandan deal
Tullow Oil, the UK’s largest independent oil explorer, said China’s CNOOC and Total of France are expected to each take a one-third interest in its Ugandan oil assets in Uganda...
Tullett Prebon shares soar on bid approach
Shares in Tullett Prebon, the interdealer broker, soared on Wednesday after it confirmed it was in bid talks with an unnamed rival, the FT reported. The group has been linked with...
China Mobile seals stake in Pudong
China Mobile has agreed to pay Rmb39.8bn for a 20 per cent stake in Pudong Development Bank, the FT said. In an attempt to calm jittery investors after China Mobile shares were...
Rebranding RBS
Here’s something Stephen Hester of RBS might want to consider: a name change.Fortis, which like RBS was virtually destroyed by the ill-fated acquisition of ABN Amro, has...
Who’s stalking Tullett?
The M&A log jam is begining to break, reports FT Alphaville. Tullett Prebon says it’s in preliminary discussions for a potential offer. Over the past couple of weeks...
Who’s stalking Tullett?
The M&A log jam is begining to break.From the RNS on Wednesday morning:The board of Tullett Prebon notes recent press speculation regarding the Company and confirms that...
Snap news
Breaking pre-market news on Wednesday,Glencore says net profits fell 43 per cent in 2009 – statement.- Gulf Keystone says partner in Kurdistan in default, to pay $40m...
Apollo to buy Citi property unit
Apollo Management has signed a preliminary agreement to buy Citi Property, Citigroup’s property investment unit, in a move to expand the global reach of Leon Black’s private equity firm,...
FT Alphaville » M&A
FT Alphaville from FT.com
Emerging market deals surge
Companies in these economies stepped up acquisition activity considerably in to developed markets over the last six months of 2009, a survey shows
US mall bidders eye SWF support
The rival bidders for General Growth Properties, the bankrupt owner of some of the most high-profile shopping malls in the US, are seeking financial support from sovereign wealth funds in the Middle East and Asia, according to people familiar with the matter
Halfords quits HobbyCraft chase
Halfords is out of the race to buy HobbyCraft, the specialist arts and craft retailer, and private equity groups now dominate the shortlist of bidders
Hollywood credits set to change as deals loom
While the lenders to Metro-Goldwyn-Mayer anxiously wait to assess bids for the studio that owns the James Bond catalogue, Hollywood is abuzz with talk of...
Access Industries owner eyes MGM buy
Len Blavatnik, the entrepreneur, has signalled his intention to combine his media investments with Metro-Goldwyn-Mayer, the Hollywood studio being sold by its lenders
Shinsei in capital drive as merger falters
The Japanese bank is preparing to raise about Y75bn in fresh capital as a merger with a rival domestic lender once seen as a lifeline is in danger of collapse
Upturn casts doubt on Japan banks' union
The logic behind the proposed merger of Japanese banks Shinsei and Aozora has disappeared following a return of stability to global financial markets
BP strikes $7bn Brazil oil deal
The energy group is set to make its first move into the deep waters off the South American country with a $7bn deal to buy oil and gas assets put up for sale by Devon Energy of the US
Barclays' nous lifts hopes of US dream
The bank's retail banking division is drawing up a strategic plan which will focus on how the group could break into the US market via a big acquisition
Tullett Prebon shares soar on bid approach
The interdealer broker headed by Terry Smith disclosed that it was in 'preliminary discussions with a third party' in a deal that could value the company's equity at £840m
Tanfield to sell electric vehicle operation
Shares in the Aim-quoted company rose 46% after Smith Electric Vehicles US Corp, its American joint venture, offered to buy its UK business for £37m in cash
F&C eager for further purchases
F&C Asset Management underlines its desire to expand via acquisition by confirming that it would seek more deals on top of its proposal to buy C-Quadrat for €54m
JCDecaux eyes more deals as profits slump
The outdoor advertising group sees further opportunities for consolidation in spite of a fall in its net income in part due to impairment charges relating to affiliate businesses
Glanbia talks to partners over sale
The Irish foods company is in discussions to sell its Irish businesses to its dairy co-operative partners in a deal that could see the co-op take full ownership of key units that are aligned with its interests
Card Factory attracts bids
The greetings card retail chain based in West Yorkshire has attracted first-round offers from a crowd of private equity groups, valuing it as high as £400m
FT.com - Mergers and acquisitions
FT.com - Mergers and acquisitions
Essilor Acquires FGX International, Becoming a Major Player in a New Fast-Growing Market
CHARENTON-LE-PONT, France, March 15, 2010 /PRNewswire-FirstCall/ --
Essilor International has acquired FGX International Holdings Limited, the
North American market leader in the design and sale of non-prescription
reading glasses. The transaction was completed following approval by FGX
sharehol
Southern Company and Ted Turner Acquire Solar Photovoltaic Power Project
ATLANTA, March 15 /PRNewswire-FirstCall/ -- Southern Company (NYSE: SO) Chairman, President and CEO David M. Ratcliffe and Turner Renewable Energy founder Ted Turner today announced that the companies have acquired and will bring online one of the nation's largest solar photovoltaic (PV) power plant
Baker Hughes and BJ Services Comment on the Status of the Pending BJ Services Merger
HOUSTON, March 15 /PRNewswire/ -- Baker Hughes (NYSE: BHI) and BJ Services (NYSE: BJS) announced today that while they have received all the necessary approvals from foreign jurisdictions required to close the BJ Services merger, they have not to date received the required approval from the Antitrus
Ctrip Announces Signing of Definitive Agreements for Acquiring Minority Stakes in Two Hotel Operating Companies
SHANGHAI, March 12 /PRNewswire-Asia/ -- Ctrip.com International, Ltd.
(Nasdaq: CTRP) ("Ctrip"), a leading travel service provider for hotel
accommodations, airline tickets and packaged tours in China, announced today
that it has entered into definitive agreements to acquire minority stakes in
tw
Home Bancorp Announces FDIC-Assisted Acquisition of Certain Deposits and Certain Assets of Statewide Bank
LAFAYETTE, La., March 12 /PRNewswire-FirstCall/ -- Home Bancorp, Inc. (Nasdaq: HBCP) (the "Company"), the holding company for Home Bank (www.home24bank.com), a Federally chartered savings bank headquartered in Lafayette, Louisiana, announced that Home Bank has entered into a purchase and assumption
SIRIUS XM Radio Prices Offering of $800 Million of Senior Notes Due 2015
NEW YORK, March 12 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI) priced an offering of $800 million of Senior Notes due 2015.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO )
The notes, which were offered pursuant to Rule 144A and Regulation S under the Securities
Valley National Bank Acquires Certain Deposits and Assets of The Park Avenue Bank
WAYNE, N.J., March 12 /PRNewswire-FirstCall/ -- Valley National Bancorp (NYSE: VLY) today announced that its wholly-owned subsidiary, Valley National Bank, assumed all deposits, except certain brokered deposits, and received certain assets of Manhattan-based, The Park Avenue Bank ("Park Avenue Bank"
Neenah Paper Completes Sale of Timberlands for C$82,500,000
ALPHARETTA, Ga., March 12 /PRNewswire-FirstCall/ -- Neenah Paper, Inc. (NYSE: NP) today announced it had completed the previously announced sale of its remaining 475,000 acres of timberlands in Nova Scotia for C$82.5 million to Northern Pulp Nova Scotia, through their affiliate, Northern Timber Nova
China Fundamental Acquisition Corporation to Present at Roth Capital Conference
BEIJING, China, March 12 /PRNewswire-Asia/ -- China Fundamental
Acquisition Corporation (OTC Bulletin Board: CFQCF, CFQWF, CFQUF) ("China
Fundamental") announced today that they will present at the ROTH Capital
Partners 22nd Annual OC Growth Stock Conference, at the Ritz Carlton, Dana
Point, Cal
Totem arrives as leading brand storyteller
Inspired evolution results in new name, new vision, new ownership
TORONTO, March 12 /PRNewswire/ - After a two-year process of evolution, Totem has arrived. Today, the launch of www.totembrandstories.com marks the completion of a total transformation for North America's leading custom-media agency,
Amilpar - Notice to Shareholders - Acquisition of ASL - Assistencia a Saude Ltda. in Natal - Rio Grande do Norte State
RIO DE JANEIRO, March 12 /PRNewswire-FirstCall/ -- Amil Participacoes S.A.
(Bovespa: AMIL3) ("Amilpar"), in accordance with CVM Instruction 358 of
January 3, 2002, informs that it has signed through its subsidiary Amil
Assistencia Medica Internacional Ltda. ("Amil") "Contract for Purchase and
Sa
Lionsgate's Board of Directors Rejects Icahn's Unsolicited Partial Tender Offer
SANTA MONICA, Calif. and VANCOUVER, British Columbia, March 12 /PRNewswire-FirstCall/ -- Lionsgate (NYSE: LGF) today announced that its Board of Directors, in consultation with its financial and legal advisors, has determined, by unanimous vote of the directors present, that the unsolicited partial
Emera to Acquire Maine & Maritimes Corporation
HALIFAX,and PRESQUE ISLE, ME , March 12 /PRNewswire-FirstCall/ - Maine & Maritimes Corporation (NYSE Amex: MAM) and Emera Inc. announced today that MAM has entered into a merger agreement with BHE Holdings Inc. of Bangor, ME (BHE), a subsidiary of Emera Inc. (EMA:TSX). Under the terms of the agr
EXFO Announces Acquisition of Global Wireless Test Specialist NetHawk Oyj
- NetHawk has built a strong portfolio of 2G, 3G and 4G/LTE wireless
protocol analyzers and simulators over almost 20 years to assume
# 2 position in both product lines
- Acquisition moves EXFO among top five suppliers in telecom test and
service assurance and tr
Valley National Bank Acquires Deposits and Certain Assets of LibertyPointe Bank
WAYNE, N.J., March 11 /PRNewswire-FirstCall/ -- Valley National Bancorp (NYSE: VLY) today announced that its wholly-owned subsidiary, Valley National Bank, assumed all deposits and received certain assets of Manhattan-based LibertyPointe Bank from the Federal Deposit Insurance Corporation ("FD
Rights Offering Update
Potential Acquisition Announced
VANCOUVER, March 11 /PRNewswire-FirstCall/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces that it has received a number of enquiries from shareholders who have not received their rights or who are unsure about how
Elliott Corrects Bloomberg Story
NEW YORK, March 11 /PRNewswire/ -- Elliott Associates, L..P. (together with funds under common management), issued the following statement in response to an erroneous and inaccurate story published by Bloomberg today regarding the firm's offer to purchase Novell, Inc. (Nasdaq: NOVL), for $5.75 per s
CPI Card Group Acquires Certain Assets of Premier Card Solutions
LITTLETON, Colo., March 11 /PRNewswire/ -- CPI Card Group today announced that it has acquired certain assets of Premier Card Solutions (PCS), formerly known as UV Color, Inc. The transaction between PCS's secured creditors and CPI closed on March 9, 2010.
Based in Roseville, MN, PCS is a lead
NutraCea Completes Sale of Non-Core Cereal Ingredients Business
PHOENIX, March 11 /PRNewswire-FirstCall/ -- NutraCea (Pink Sheets: NTRZ), a world leader in stabilized rice bran (SRB) nutrient research and technology, today announced that it completed the previously announced sale of NutraCea's existing cereal ingredients business and certain related equipment to
Compass Diversified Holdings Subsidiary, Advanced Circuits, Acquires Circuit Express
WESTPORT, Conn., March 11 /PRNewswire-FirstCall/ -- Compass Diversified Holdings (Nasdaq: CODI) ("CODI" or the "Company"), an owner of leading middle market businesses, announced today that its subsidiary, Advanced Circuits, has acquired Circuit Express, Inc. (CEI) for a purchase price of $15.6 mill
Acquisitions, Mergers and Takeovers
Press Releases from PR Newswire about Acquisitions, Mergers and Takeovers
Home BancShares, Inc. and Centennial Bank Announce Opportunistic Florida Acquisition
CONWAY, Ark., March 12, 2010 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (Nasdaq:HOMB) and Centennial Bank, announced the bank has acquired the banking operations of Old Southern Bank (Old Southern) headquartered in Orlando, Florida through a loss-sharing agreement with the Federal Deposit Insurance Corporation (FDIC).
GT Legend Automotive Holdings Completes Acquisition of Compassionate Therapeutic Solutions, LLC
FULLERTON, Calif., March 12, 2010 (GLOBE NEWSWIRE) -- GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA) issued a statement today that the acquisition of Compassionate Therapeutic Solutions, LLC has been completed.
RiskMetrics Recommends Meridian Stockholders Vote "FOR" Merger With Alta Mesa
HOUSTON, March 11, 2010 (GLOBE NEWSWIRE) -- The Meridian Resource Corporation (NYSE:TMR) today announced that RiskMetrics Group (formerly Institutional Shareholder Services, or ISS), an independent proxy advisory firm, recommended that Meridian Resource stockholders vote "FOR" the proposed merger with Alta Mesa Holdings.
Laxai Pharma, Ltd. (f/k/a NexGen Biofuels, Ltd.) Completes Asset Purchase of OSR Solutions, Inc. as Platform Acquisition for Clinical Research Services
NEW YORK, March 11, 2010 (GLOBE NEWSWIRE) -- Laxai Pharma, Ltd. (f/k/a NexGen Biofuels, Ltd.) (OTCBB:NXGNF) today announced that it has completed its first acquisition in the clinical research services space by purchasing all of the assets of OSR Solutions, Inc. ("OSR"), a New Jersey based contract research organization ("CRO"), for $3.6 million consisting of the following: $1.5mm in cash, $0.75mm in notes, $0.60mm in assumed liabilities, and 5.6mm common shares of Laxai Pharma, Ltd. -- about 10% of the issued and outstanding common shares at closing. The acquisition was financed by a combination of debt and equity.
LHC Group Signs Definitive Agreement to Acquire Salem Hospital Home Care
LAFAYETTE, La., March 10, 2010 (GLOBE NEWSWIRE) -- LHC Group, Inc. (Nasdaq:LHCG), one of the largest providers of home health services in the United States, announced today that it has signed a definitive agreement to acquire 100% of the assets of Salem Hospital Home Care located in Salem, Oregon. Salem Hospital Home Care is the largest provider of home health services in the mid-valley area.
Strategic Mining Corporation Signs Agreement With Ba Dinh Minerals JSC to Acquire Gold Property
CHEYENNE, Wyo., March 9, 2010 (GLOBE NEWSWIRE) -- Strategic Mining Corporation (Pink Sheets:SMNG) announced today that it has signed an agreement with Ba Dinh Minerals JSC, a Vietnamese mining company, for the acquisition of the Nat Son 105 hectare gold property located near Long Son, Viet Nam.
II-VI Withdraws Proposal to Acquire Zygo Corporation for $10.00 Per Share and Ceases Acquisition Efforts
PITTSBURGH, March 9, 2010 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: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 average of Zygo shares.
GrowthGate Acquires Part of Leading Iris Biometric Company "IrisGuard Inc."
DUBAI, United Arab Emirates, March 9, 2010 (GLOBE NEWSWIRE) -- GrowthGate, the GCC-based specialist buyout firm, announced that it has reached a final agreement to acquire 30% of IrisGuard, a world leader in iris recognition technologies (IRT). The company offers IRT solutions to national security organizations, law enforcement agencies, polling, electoral processors, and banking institutions around the world. In 2009, IrisGuard was presented with the prestigious Frost & Sullivan Award warranted by the company's focus on R&D, design and manufacture of exceptional IRT products. Strong technological and product innovation have successfully positioned IrisGuard as a leading specialist in IRT solutions worldwide. The company manufactures the world's most accurate iris recognition camera systems, the IrisGuard IG-H100(r) and IG-AD100(r), in addition to a portfolio of 4 additional iris imagers under development. IrisGuard launched the world's first, most searched, and largest iris recognition solution for Homeland Security in the UAE in 2001. The UAE currently deploys over 250 iris imagers in every Land, Sea and Air Ports-of-Entry in the country. IrisGuard also made history in 2008, becoming the first to deploy real-time card-free (no Pin or Card) iris recognition solutions for banks via ATMs. Cairo Amman Bank was the first bank to deploy this pristine solution with over 400 iris imagers deployed in Jordan and Palestine. 2010 has witnessed the company's full entry into the U.S. market via the provision of IRT-enabled systems and cameras to fifty U.S. Law Enforcement agencies deployed throughout the USA, in addition to U.S. System-Integrators, banks and financial institutions. IrisGuard has been profitable since inception in 2000. IRT in particular has entered a very exciting growth period and IrisGuard expects to generate revenues in excess of $10 million and to realize an EBITDA in excess of 30% in 2010, consistently with its historical track record. Both GrowthGate and IrisGuard being privately held, the value of the transaction was not disclosed.
Independence Holding Company Announces Acquisition of American Independence Corp. Shares
STAMFORD, Conn., March 8, 2010 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE:IHC) today announced that it has acquired, via open-market transactions, additional shares of common stock of American Independence Corp. (Nasdaq:AMIC). The acquisition brings IHC's aggregate holdings to over 50% of the total outstanding shares of AMIC.
GT Legend Automotive Holdings Signs Memorandum of Understanding to Acquire Compassionate Therapeutic Solutions, LLC; New President Appointed
FULLERTON, Calif., March 8, 2010 (GLOBE NEWSWIRE) -- GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA) issued a statement today that a Memorandum of Understanding has been signed for the company to acquire Compassionate Therapeutic Solutions, LLC based in Colorado Springs. Eugene Espinosa, President of Compassionate Therapeutic Solutions, will assume the role of President of GTLA.
Green Planet Group Completes Acquisitions
SCOTTSDALE, Ariz., March 8, 2010 (GLOBE NEWSWIRE) -- Green Planet Group, Inc. (OTCBB:GNPG) announced today that its wholly owned staffing subsidiary Lumea has successfully acquired two staffing companies, Staffing Concepts Corporation and Provincia Staffing, as it continues to implement its staffing industry rollup.
Aceto Acquires Select Assets of Andrews Paper & Chemical, Co., Inc.
LAKE SUCCESS, N.Y., March 8, 2010 (GLOBE NEWSWIRE) -- Aceto Corporation (Nasdaq:ACET), a global leader in the sourcing, quality assurance, regulatory support, marketing and distribution of pharmaceuticals, nutraceuticals, specialty chemicals and crop protection products, today announced that it has signed an asset purchase agreement to acquire select assets of Andrews Paper & Chemical, Co., Inc.
First Citizens Bank Purchases Certain Assets, Assumes Certain Liabilities of Sun American Bank
RALEIGH, N.C., March 5, 2010 (GLOBE NEWSWIRE) -- First Citizens Bank, the primary subsidiary of Raleigh-headquartered First Citizens BancShares (Nasdaq:FCNCA), announced today that it has entered into an agreement with the Federal Deposit Insurance Corp. (FDIC) to purchase substantially all the assets and assume the majority of the liabilities of Sun American Bank of Boca Raton, Fla.
Integral Systems Announces Acquisition of CVG-Avtec
COLUMBIA, Md., March 5, 2010 (GLOBE NEWSWIRE) -- Integral Systems, Inc., (Nasdaq:ISYS) announced today that it has acquired privately held CVG, Incorporated and its subsidiary, Avtec Systems, Inc. (together, "CVG-Avtec"). The acquisition further expands the reach of Integral Systems' award winning product line and customer base within the Department of Defense (DoD). CVG-Avtec, based in Chantilly, VA, has approximately 100 employees and will be integrated into Integral Systems' Products Group as Integral Systems SATCOM Solutions.
Arbor Entech Corporation to Acquire Changing Times Vitamins, Inc.
SCOTTSDALE, Ariz., March 4, 2010 (GLOBE NEWSWIRE) -- Changing Times Vitamins, Inc. announced that it has entered into a non-binding agreement in principal with Arbor Entech Corporation, under which Arbor Entech will acquire Changing Times Vitamins, Inc. Consummation of the acquisition is subject to various conditions, including but not limited to Arbor Entech's satisfactory completion of due diligence and the negotiation and execution of a definitive agreement on mutually satisfactory terms and conditions.
Alternative Energy Partners Signs Acquisition Agreement
FT. LAUDERDALE, Fla., March 4, 2010 (GLOBE NEWSWIRE) -- Alternative Energy Partners, Inc. (OTCBB:AEGY) announces that it has entered into a definitive Agreement to acquire Sunarias(tm) Corporation (www.sunarias.com) from Healthcare of Today, Inc. (www.healthcareoftoday.com).
Technology Research Corporation Announces Acquisition of Patco Electronics
CLEARWATER, Fla., March 3, 2010 (GLOBE NEWSWIRE) -- Technology Research Corporation ("TRC") (Nasdaq:TRCI) today announced that it has signed an agreement to acquire 100% of the stock of Patco Electronics, Inc. from its shareholders for $5.0 million in cash, approximately 675,000 shares of TRC common stock and contingent cash payments if certain revenue targets are met for either or both of the two years after the closing of the transaction. The number of shares of TRC stock issuable at closing was based on the average per-share closing price of the common stock for the 5 trading days preceding the signing.
China Carbon Announces Signing of Letter of Intent to Acquire Chiyu Carbon Graphite Limited
NEW YORK, March 3, 2010 (GLOBE NEWSWIRE) -- China Carbon Graphite Group, Inc. ("China Carbon" or the "Company") (OTCBB:CHGI), one of China's leading non-state-owned producers and wholesale suppliers of fine grain and high purity graphite, announced today that it has entered into a Letter of Intent to acquire 100% of assets of Chiyu Carbon Graphite Ltd. ("Chiyu"), a down stream producer of graphite products in China.
Insight Management - Termination of a Material Definitive Agreement
ORCUTT, Calif., March 2, 2010 (GLOBE NEWSWIRE) -- Insight Management Corporation (OTCBB:ISIM) and Rebel Testing, Inc. ("RTI") have terminated the stock purchase acquisition agreement ("acquisition agreement") that was signed on March 6, 2009. The continuing slow recovery of the economy from the recession and the overall uncertainty in the business environment has greatly impacted Insight Management's ability to raise capital for the acquisition. RTI had granted two extensions for the initial payment, December 31, 2009, and February 28, 2010. Insight Management was not able to secure funding in time to meet the February deadline and could not give RTI a definitive timeframe as to when funding could be secured. As such, RTI has declined to grant a third extension of the payment date.
Dow Jones & Company Acquires SmartMoney Franchise From Hearst Corporation
NEW YORK, March 2, 2010 (GLOBE NEWSWIRE) -- Dow Jones & Company is expanding its portfolio of personal finance content by acquiring the Hearst Corporation's 50% interest in the SmartMoney franchise, bringing Dow Jones' total interest to 100%. The SmartMoney franchise includes SmartMoney magazine, Smartmoney.com and SmartMoney Custom Solutions, a custom publishing division. SmartMoney has been a partnership between Dow Jones and Hearst since 1991. Financial details about the transaction will not be disclosed.
GlobeNewswire: Acquisitions News
GlobeNewswire: Acquisitions News