New Law Blogs

Harry & David Reaches Agreement With Senior Noteholders On Pre-arranged Reorganization Plan

Posted on March 28, 2011
MEDFORD, Oregon, March 28, 2011 – Harry & David Holdings, Inc., a leading multi-channel specialty retailer and producer of branded premium gift-quality fruit, gourmet food products and other gifts marketed under the Harry & David®, Wolferman's® and Cushman's® brands, today announced that the Company has reached an agreement with holders of approximately 81% of its senior notes on the terms of a...

Advantest And Verigy Sign Definitive Agreement Advantest To Acquire Verigy For Us$15.00 Per Share In Cash

Posted on March 28, 2011
Advantest's $15.00 per share cash offer represents a premium of approximately 64 percent to Verigy's closing stock price on December 3, 2010, the day prior to Verigy's announcement that it had received an offer from Advantest.

Cortex Reacquires All Ampakine® Compounds, Related Patents And Exclusive Global Rights For Respiratory Depression From Biovail

Posted on March 21, 2011
Under the new agreement, Cortex will make an upfront payment to Biovail of $200,000, and potential future payments of up to $15.15 million based on the achievement of certain development and NDA submission and approval milestones. Biovail is also eligible to receive additional payments based on Cortex's net sales of an intravenous dosage form of the compounds for respiratory depression up to a...

Quest Diagnostics To Acquire Celera, Strengthening Position As World's Leading Innovator In Molecular Diagnostics And Development

Posted on March 18, 2011
"For Quest Diagnostics, this is an important transaction which will further strengthen our leadership position in molecular diagnostics discovery and development and drive sustainable revenue growth. We will gain immediate access to an impressive range of proprietary tests and products, and a strong pipeline of biomarkers for the future," said Surya N...

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Chinatel Signs Contracts For Zte To Supply Equipment And Services For Its Wireless Broadband Network In Fujian Province

Posted on March 16, 2011
ChinaTel advances its deployment in the Haixi Special Economic Zone within the People?s Republic of China SHENZHEN, CHINA and SAN DIEGO, CA ? March 14, 2011 ? ZTE Corporation (?ZTE?) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions, and China Tel Group, Inc...

Xtreme Oil & Gas Acquires Rights In 8,516 Acre Property In Kansas

Posted on March 15, 2011
PLANO, TX--March 15, 2011--Xtreme Oil & Gas, Inc. (OTCBB:XTOG) (OTCQB:XTOG) announced today it has the rights to acquire 50% of the leases and working interest on 8,516 acres in Kansas. Xtreme agreed to purchase the working interest from Husky Ventures Inc...

Firstenergy Enters Into Definitive Agreement On Sale of Fremont Energy Center

Posted on March 14, 2011
Akron, Ohio ? FirstEnergy Corp. (NYSE: FE) today entered into a definitive agreement to sell the Fremont Energy Center in Fremont, Ohio, to American Municipal Power, Inc. (AMP).  Under terms of the agreement, the facility would be purchased by AMP for approximately $485 million, based on 685 megawatts (MW) of output...

Cell Therapeutics Acquires Exclusive Marketing And Co-development Rights In The Americas To Chroma Therapeutics' Tosedostat, A First In Class Tumor Selective...

Posted on March 14, 2011
Conference Call and Webcast to be Held on Monday, March 14, 2011 at 8:30 AM Eastern time/1:30 PM Central European time/5:30 AM Pacific time March 14, 2011 Seattle and Oxford, UK-Cell Therapeutics, Inc. ("CTI") (NASDAQ and MTA: CTIC) and Chroma Therapeutics Ltd...

Exhibit 99.1 Geoglobal Signs Operating Agreement In Israel

Posted on March 14, 2011
Calgary, Alberta, Canada, March 11, 2011 ? GeoGlobal Resources Inc. (GeoGlobal or the Company) (NYSE Amex: GGR) today announced that the International Operating Agreement relating to the offshore Israel license known as 388 ?Samuel? has been executed.

Energyconnect Signs Definitive Agreement To Be Acquired BY Johnson Controls For $0.2253 Per Share All Cash Offer Represents 73% Premium To The March 2, 2011...

Posted on March 07, 2011
"The terms of the merger agreement represent a great outcome for our shareholders," said Kevin R. Evans, president and Chief Executive Officer of EnergyConnect. "The $0.2253 per share acquisition price represents a significant cash premium of approximately 73 percent over the previous closing share price on March 2, 2011...

Flotek Industries Announces Agreement With Basin Supply To Market Flotek Chemicals And Measurement While Drilling Services In Key International Markets

Posted on March 02, 2011
"We are excited about the opportunity to work with Basin Supply, a world-class, multinational organization, to expand Flotek's reach into new international horizons," said John Chisholm, Flotek's Chairman and President. "As a partner Basin Supply meets the criteria we have set forth as Flotek's new paradigm to capture international market share: existing infrastructure, excited customers and...

Mitel Reports Third Quarter Fiscal 2011 Financial Results -announces Award of $43M Contract

Posted on March 01, 2011
Revenue for the third quarter of fiscal 2011 was $162.0 million, compared to $161.1 million for the second quarter of fiscal 2011.

Verizon Extends Tender Offer For All Outstanding Shares of Terremark Worldwide, Inc. Signs Memorandum of Understanding For Settlement of Merger

Posted on February 28, 2011
NEW YORK - Verizon Communications Inc. (NYSE, NASDAQ: VZ) today announced that, in connection with the settlement of purported class action lawsuits that related to its agreement to acquire Terremark Worldwide, Inc. (NASDAQ: TMRK), it has extended its tender offer for all outstanding shares of Terremark for $19...

Alanco Announces Definitive Agreement  to Sell Startrak Subsidiary

Posted on February 28, 2011
(Scottsdale, AZ ? February 24, 2010) ? Alanco Technologies, Inc. (NASDAQ: ALAN) today announced that it has entered into a definitive purchase agreement with ORBCOMM, Inc.

Xiapex® (collagenase Clostridium Histolyticum) Authorized In The European Union (eu) For Dupuytren's Contracture

Posted on February 28, 2011
Dupuytren's disease is a slowly progressive connective tissue disorder that can cause the affected finger to bend into the palm of the hand.2 It affects approximately 13 percent of the European population.3-6 The disease starts in the palm of the hand with the appearance of a number of small lumps (called nodules), made of cells that can produce collagen...

K-V Pharmaceutical Company Announces Completion of A $32 Million Private Placement of Class A Common Stock Company Announces Agreement of Terms To Amend Its...

Posted on February 28, 2011
February 14, 2011, St. Louis, MO – K-V Pharmaceutical Company (NYSE: KVa/KVb) (the "Company") today announced that it has entered into a definitive agreement with a group of institutional investors to raise approximately $32 million of gross proceeds from a private placement of 9,950,000 shares of its Class A Common Stock at $3...

Angiotech Pharmaceuticals, Inc. Announces Agreement With Consenting Noteholders To Amend Terms Under The Floating Rate Note Support Agreement

Posted on February 24, 2011
Under the terms of the Sixth Amendment, the Company agreed to amend the FRN Support Agreement to provide that, among other things: (i) the New Floating Rate Notes to be issued in connection with the FRN Exchange Offer would accrue interest subject to a LIBOR floor of 1...

Icon Merger Sub, Inc. Extends Expiration Date of Offer To Purchase All Outstanding Shares of Class A And Class B Common Stock of Playboy Enterprises, Inc.

Posted on February 23, 2011
On January 24, 2011, Sub commenced the offer in accordance with the agreement and plan of merger (the "Merger Agreement") entered into on January 9, 2011, by and among Purchaser, Sub and Playboy. The offer is being extended because the Merger Agreement requires the offer to be extended if at a date which otherwise would have been the expiration date of the offer, the 21 business day marketing...

K-V Pharmaceutical Company Announces Completion of A $32 Million Private Placement of Class A Common Stock Company Announces Agreement of Terms To Amend Its...

Posted on February 23, 2011
February 14, 2011, St. Louis, MO – K-V Pharmaceutical Company (NYSE: KVa/KVb) (the "Company") today announced that it has entered into a definitive agreement with a group of institutional investors to raise approximately $32 million of gross proceeds from a private placement of 9,950,000 shares of its Class A Common Stock at $3...

Novagold Extends Share Offer To Acquire Copper Canyon And Intends To Make An Application To Cease Trade Shareholder Rights Plan

Posted on February 23, 2011
NovaGold further advised that it will be making an application to the British Columbia Securities Commission ("BCSC") requesting that the BCSC promptly hold a hearing to consider cease trading the Shareholder Rights Plan approved by Copper Canyon and the Rights issued thereunder...

Citadel Broadcasting Enters Into Exclusive Negotiations With Cumulus Media Regarding $37.00 Per Share Merger Proposal

Posted on February 18, 2011
Under the terms of its non-binding proposal, Cumulus would pay $37.00, in a combination of cash and Cumulus stock, for each Citadel share and warrant. Based upon the proposed cash and stock election formula, the $37.00 per share consideration would on average be capped at $30...

Clear Channel Communications, Inc. Announces It Has Entered Into Agreements To Amend Its Credit Facilities

Posted on February 18, 2011
San Antonio, TX, February 16, 2011. Clear Channel Communications, Inc. (?CCU?) announced today that it has entered into agreements to amend its senior secured credit facilities and its receivables based credit facility (the ?Amendments?) that will, among other things, permit CCU to request future extensions of the maturities of its senior secured credit facilities, provide CCU with greater...

Magellan Petroleum Corporation Enters Into An Investment Agreement With Yep In Relation To Evans Shoal

Posted on February 18, 2011
The second PIPE agreement between YEP and the Company announced on August 9, 2010 has been amended so that the PIPE transaction will close and the Company will receive $15.6 million of proceeds, in the event that MPAL does not complete the acquisition of the Evans Shoal field and as a result forfeits the additional A$10 million deposit made towards the purchase price of the Evans Shoal interest...

Miranda Gold And Navaho Gold Sign Definitive Exploration Funding Agreement For Taz Project

Posted on February 18, 2011
Vancouver, BC, Canada – February 17, 2011 – Miranda Gold Corp. ("Miranda") (TSX-V: MAD) announces the signing of an exploration and option to form a joint venture agreement (the "Agreement") with Taz Gold LLC, a Nevada limited liability company controlled by Navaho Gold Ltd...

Platinum Group Metals Eskom Agreement Completed For Delivery of 40mva Electricity Supply To WBJV Project 1 Platinum Mine

Posted on February 18, 2011
R. Michael Jones, President of Platinum Group Metals Ltd. said "We are very pleased to confirm our formal arrangement with Eskom. The arrangement is consistent with the feasibility estimate and within the timelines for the Project 1 Platinum Mine. There continues to be excellent interaction with the Eskom team and all of the mine developers in our immediate area to look for synergies and cost...

Angiotech Pharmaceuticals, Inc. Announces Execution of Settlement And License Termination Agreement With Rex Medical, LP

Posted on February 18, 2011
The Settlement Agreement is in respect of certain disputes, including the preliminary injunction obtained by Rex in the United States District Court for the Southern District of New York (the "District Court"), and the arbitration proceedings as commenced by Rex on November 18, 2010.

Abitibibowater Announces Signing of A Binding Agreement For The Sale of Its 75% Interest In Its Ontario Hydro Assets For Cash Proceeds of C$300 Million

Posted on February 17, 2011
Cash proceeds for AbitibiBowater's 75% indirect interest will be approximately C$300 million and will be used to reduce the Company's debt, to enhance liquidity and for general corporate purposes. As part of the transaction, ACH LP will maintain its outstanding debt with the Caisse with a face value of C$250 million...

Altair Nanotechnologies Announces Extension of Share Subscription Agreement With Canon Investment Holdings

Posted on February 16, 2011
RENO, NV ? February 16, 2011 ? Altair Nanotechnologies Inc. (Nasdaq: ALTI) (the ?Company?) today announced that the Company and Canon Investment Holdings Limited (?Canon?) have entered into a First Amendment to Share Subscription Agreement (the ?Amendment?) to the Share Subscription Agreement dated September 20, 2010 (the ?Agreement?) between the Company and Canon...

For Immediate Release Strategic Storage Trust Inc. Acquires Remaining Interests In Ten Property Portfolio

Posted on February 16, 2011
"This ten property portfolio is an ideal fit for our growing brand and strategy, allowing for continued expansion in these markets," said H. Michael Schwartz, SSTI's chairman and CEO.

K-V Pharmaceutical Company Announces Completion of A $32 Million Private Placement of Class A Common Stock Company Announces Agreement of Terms To Amend Its...

Posted on February 15, 2011
February 14, 2011, St. Louis, MO – K-V Pharmaceutical Company (NYSE: KVa/KVb) (the "Company") today announced that it has entered into a definitive agreement with a group of institutional investors to raise approximately $32 million of gross proceeds from a private placement of 9,950,000 shares of its Class A Common Stock at $3...

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